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Wisconsin

Welcome to Wisconsin

Wisconsin, known as America's Dairyland, is a state rich in natural beauty and vibrant communities. From the shores of Lake Michigan to the rolling hills and forests that define the countryside, Wisconsin blends rural charm with dynamic cities like Milwaukee and Madison. The state’s four-season climate allows residents to enjoy a variety of outdoor activities year-round, making it an attractive destination for families, retirees, and veterans alike.

Economically, Wisconsin thrives in industries like manufacturing, agriculture, and technology. The state is also home to a strong educational system and healthcare network, further enhancing its appeal. Whether you're looking for the tranquility of small-town life or the excitement of urban living, Wisconsin offers a welcoming and balanced lifestyle. With numerous veteran-focused programs and benefits, Wisconsin stands as a proud supporter of those who have served our country. Military Home Spot Lending is here to help veterans and active-duty personnel make Wisconsin their home.

Major Wisconsin Cities

Wisconsin's cities reflect the state's diverse landscape and economic vitality. From bustling Milwaukee, known for its breweries and lakefront festivals, to Madison, a hub of education and innovation, Wisconsin's urban centers provide opportunities for work, culture, and recreation. Green Bay, home to the Packers, and La Crosse, with its riverside charm, highlight the variety of communities available to residents. Each city offers its own unique character, catering to the needs of families, veterans, and professionals.

Veteran Benefits in Wisconsin

Veterans residing in Wisconsin have access to a robust set of benefits that support homeownership, education, employment, and financial security. The state provides property tax credits, financial assistance, and educational grants, ensuring veterans and their families can thrive. With dedicated resources like veterans homes and cemeteries, Wisconsin continues to show its deep respect and gratitude for military service.

  • Wisconsin Veterans Homes
    Wisconsin operates three veterans homes in Chippewa Falls, King, and Union Grove, providing care for veterans and their eligible family members, with a fee structure based on income and need.
  • Wisconsin Veteran Financial Benefits
    The state offers a property tax credit for disabled veterans, financial assistance for needy veterans, and emergency aid to military families.
  • Wisconsin Veteran Employment Benefits
    Wisconsin provides retraining grants for unemployed or underemployed veterans, a veterans preference in state employment, and additional points for veterans in civil service exams.
  • Wisconsin Veteran Education Benefits
    The Wisconsin G.I. Bill offers tuition benefits for veterans and their dependents at state educational institutions, and the VetEd Education Grant provides tuition reimbursement for eligible veterans.
  • Wisconsin Veteran Recreation Benefits
    Disabled veterans and active-duty military personnel are eligible for discounts on fishing and hunting licenses, and state park admissions, with special provisions for Purple Heart recipients.
  • Wisconsin Veterans Cemeteries
    The state maintains veterans cemeteries in King, Spooner, and Union Grove, offering burial benefits for veterans and their dependents.
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Wisconsin's Military Presence

Wisconsin is home to a strong and proud military presence, playing a critical role in national defense and the support of veterans. The state hosts multiple National Guard and Reserve units, along with key military installations that contribute to training, logistics, and emergency response. Wisconsin’s military infrastructure not only enhances security but also creates economic benefits for the surrounding communities.

  • Fort McCoy: Located between Sparta and Tomah, Fort McCoy serves as a training and mobilization center for reserve and active-duty forces, supporting military readiness and joint exercises.
  • Volk Field Air National Guard Base: A premier training site for air defense and tactical exercises, Volk Field provides advanced combat readiness training for Air National Guard units nationwide.
  • Truax Field Air National Guard Base: Located in Madison, Truax Field is home to the 115th Fighter Wing, contributing to national air defense and providing operational support.
  • General Mitchell Air Reserve Station: In Milwaukee, this station hosts the 128th Air Refueling Wing, supporting aerial refueling operations critical for global mobility and defense missions.

VA Loans in Wisconsin

VA Home Loan Volume in 2024 in Wisconsin*

Total Loans

4,922

Average Loan Amount

$301,961

Total Loan Amount (ALL)

$1,486,250,506

Total Purchase Loans

3,116

Total Purchase Loans %

63.31%

Total IRRRL Loans

796

Total IRRRL Loans %

16.17%

Total Cash-Out Loans

1,010

Total Cash-Out Loans %

20.52%

*Data pulled from the Department of Veterans Affairs.

Wisconsin VA Loan Requirements

VA loan requirements in Wisconsin mirror those across the country, with eligibility based on military service history and specific qualifications. Veterans, active-duty service members, and some surviving spouses can qualify by meeting one of the following conditions:

  • 90 days of active service during wartime
  • 181 continuous days of active service during peacetime
  • 6 or more years in the National Guard or Reserves
  • Unremarried surviving spouse of a servicemember who died in the line of duty or from a service-connected disability

Additional requirements include:

  • Funding Fee: A one-time charge to offset loan costs, which may vary depending on the down payment and military category. Some veterans are eligible for waivers.
  • Occupancy Rule: The property must be used as the borrower’s primary residence within 60 days of closing.
  • Property Type: VA loans cannot be used for investment properties or vacation homes.

Wisconsin VA Loan Limits

VA loan limits in Wisconsin align with national standards. In 2024, the standard VA loan limit for most counties in Wisconsin is $766,550. However, veterans with full entitlement can borrow above these limits without a down payment.

Counties with higher housing costs may have increased loan limits, ensuring veterans can purchase homes in more expensive areas without additional financial burdens. Always check with your lender for the latest county-specific loan limits.

VA Loan Entitlement in Wisconsin

VA entitlement refers to the amount the VA guarantees to the lender on your behalf. Veterans typically have two types of entitlement:

  • Full Entitlement: No loan limits apply if you have not previously used your entitlement or have fully restored it.
  • Remaining Entitlement: If you have an existing VA loan, your remaining entitlement can be used for another loan, although limits may apply based on the remaining balance.

Consult your loan officer to understand how much entitlement you have available and how to restore it if necessary.

VA Loan Rates in Wisconsin

VA loan interest rates in Wisconsin fluctuate depending on economic factors, credit score, and loan duration. VA loans typically offer lower rates compared to conventional loans, thanks to the government guarantee, making them a cost-effective option for veterans.

Types of VA Mortgage Programs in Wisconsin

  • VA Purchase Loan: A loan to buy a home with competitive terms and no down payment.
  • VA Cash-Out Refinance: Refinance an existing mortgage, including non-VA loans, to access cash from your home’s equity.
  • VA Interest Rate Reduction Refinance Loan (IRRRL): Streamline refinance an existing VA loan to secure a lower interest rate or reduced monthly payment.

How to Get a VA Loan in Wisconsin

To obtain a VA loan in Wisconsin, follow these steps:

  1. Obtain a Certificate of Eligibility (COE): This confirms your eligibility for the VA loan. Your lender can assist in acquiring the COE.
  2. Select a VA-approved Lender: Work with a lender experienced in VA loans to begin the application process.
  3. Find a Suitable Property: Choose a property that meets VA appraisal standards and occupancy requirements.
  4. VA Appraisal and Loan Approval: The VA will conduct an appraisal to ensure the home meets fair market value and livability standards.
  5. Closing: Upon final approval, sign the necessary documents, and move into your new home!

Real Estate in Wisconsin

Wisconsin's real estate market offers a unique blend of affordability, scenic landscapes, and vibrant communities, making it an attractive option for veterans and their families. From the rolling hills and farmlands of the Driftless Area to the bustling urban centers of Milwaukee and Madison, Wisconsin provides a diverse range of housing opportunities. Its strong economy, driven by manufacturing, agriculture, and healthcare, adds to the appeal of homeownership in the state. Whether you’re drawn to lakeside properties, suburban neighborhoods, or quiet rural retreats, Wisconsin has options to suit various lifestyles and budgets.

Veterans using VA loans in Wisconsin benefit from competitive home prices and property tax credits, especially for those with service-connected disabilities. This combination of affordability and veteran-friendly policies helps make Wisconsin a top choice for military families looking to settle down.

Median Sale Price of Homes in Wisconsin*

Milwaukee

$220,000

Madison

$421,750

Green Bay

$280,000

Kenosha

$265,000

Racine

$202,250

Appleton

$260,000

Waukesha

$388,000

Wisconsin Statewide Average

$317,500

*Data sourced from Redfin (November 2024)

Frequently Asked Questions

Find answers to common questions about Military Home Spot Lending and our services. Can't find what your need? Get in touch with us.

What is a VA Loan, and who can get one?

A VA Loan is a mortgage designed for veterans, active-duty service members, and some surviving spouses. The VA has specific service requirements to qualify. Want to check if you’re eligible? Click here to find out.

How do I get started with a VA Loan?

It’s easier than you might think! First, you’ll need your Certificate of Eligibility (COE), and then you can connect with a VA-approved lender like us. We’ll guide you through the rest. Get started here.

Why should I choose a VA Loan over a regular loan?

VA Loans come with some fantastic perks—think no down payment, no private mortgage insurance (PMI), and competitive rates. Plus, they’re more flexible with credit requirements. Want to learn more? Click here.

Can you help me with the VA Loan in Wisconsin?

Absolutely, we serve veterans throughout Wisconsin. To get started, visit our online application page or speak directly with one of our loan officers.

Are there any extra costs with a VA Loan?

There might be a funding fee and some closing costs, but these can often be negotiated. We’re here to help you understand what to expect. Get the details here.

How much can I borrow with a VA Loan?

The amount you can borrow depends on where you live since loan limits vary by county. Curious about how much you might qualify for? Learn more here.

What if my credit isn’t perfect? Can I still get a VA Loan?

Yes, you can! VA Loans are known for being more forgiving with credit scores, though a lower score might mean a higher interest rate. Want to know how you can still qualify? Find out more here.

What are the occupancy rules for a VA Loan?

You’ll need to live in the home as your primary residence, and typically, you have to move in within 60 days of closing. Need more info on this? Click here.