VA Mortgage Loan Program

Veterans Administration (VA) mortgage loans in Wisconsin are becoming very popular. Mainly, because of the lack of no down payment mortgages available. Home buyers are facing the reality that qualifying for home loans are becoming more difficult. This specific government mortgage loan program provides home buyers with another option.

Just to recap, a person that is currently active in the military or is a veteran of the military, is eligible for a VA mortgage loan.

Here are the benefits for a VA mortgage loan in Wisconsin:

1. No Down Payment Is Allowed - Yes, this is a true no down payment mortgage loan that allows you to finance 100% of the purchase price.

2. No PMI (Private Mortgage Insurance)Payment - With just about any other mortgage loan, if you don’t have a 20% down payment, you are required to pay PMI as part of your total monthly payment. Combined with no down payment, not having to pay PMI allows many home buyers to qualify for a larger loan if they want to.

3. Favorable Fixed Interest Rates - Interest rates are determined on a variety of factors, so every situation will be different. What to remember is how favorable VA mortgage loans fixed interest rates are. So, a veteran or active military borrower will be get interest rates that are not much higher than some one that has great credit and a large down payment.

4. Multiple VA Mortgage Loans - This program is well know for first time home buyers, but what many don’t know is that this program can be used a second and sometimes a third time by the same borrower. Whether it is a refinance or the purchase of another home in the future, the VA mortgage loan in Wisconsin, can be used multiple time. This is determined by your certificate of eligibility. Once your certificate of eligibility is received, it will state if you are eligible for another VA mortgage loan in Wisconsin.

I really encourage you to get yourself pre-approved with this program, before getting to far into looking at homes you want to buy. Sellers today are looking for serious buyers and a serious buyer has a pre-approval letter ready.

I have an online application that is very secure with your information and very easy to use. It comes directly to me and your information is never sold. I can issue you a pre-approval letter in as little as 24 hours!

Here is the direct link to the online application:

https://hartlandmortgagecentersinc.mortgagexsites.com/iFrame.aspx?FileName=LoanApplicationPop.x&ReferrerGUID=14d16dab-7342-4412-b39d-57feebf146bf&language=English&UID=yo4vgo45j0yikfj1kmhsqj45

If you are not comfortable with an online application, that's ok! Feel free to call me at the office directly, (262) 923-2261, and we can go over the application and questions on the phone.