Milwaukee VA Loan Rates, Closing Costs & Stats

MILWAUKEE-WAUKESHA, WI

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Milwaukee's 95 lenders originated 1,106 VA loans during 2024. The total origination value was $375,260,000, with an average VA loan value of $339,295.

    Milwaukee VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Milwaukee averaged 6.38% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Milwaukee's average VA mortgage closing costs are $5,390.

    The average rate for the prior week (2025-03-28) was 6.7% and one month ago for the week of 2025-02-28, the average rate was 6.47%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.02%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Milwaukee VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Milwaukee level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 203 6.34% $6,764
    UNITED WHOLESALE MORTGAGE, LLC 103 5.95% $7,401
    QUICKEN LOANS, LLC 64 6.06% $9,079
    FREEDOM MORTGAGE CORPORATION 56 6.32% $9,475
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 40 6.51% $5,787
    NEWREZ LLC 33 5.95% $5,355
    PENNYMAC LOAN SERVICES, LLC 33 5.78% $5,739
    NAVY FEDERAL CREDIT UNION 29 5.99% $4,513
    Prosperity Home Mortgage, LLC 26 6.23% $5,821
    USAA Federal Savings Bank 26 6.29% $6,718
    GUARANTEED RATE, INC. 24 6.45% $4,950
    NEW DAY FINANCIAL, LLC 20 7.58% $11,944
    FIRST COLONY MORTGAGE CORPORATION 20 5.98% $6,041
    PLANET HOME LENDING, LLC 20 5.94% $5,063
    Bank Five Nine 19 6.16% $6,493
    A + MORTGAGE SERVICES, INC. 18 6.14% $7,406
    Paramount Residential Mortgage Group, Inc. 17 6.65% $6,572
    VILLAGE CAPITAL MORTGAGE 16 5.83% $7,471
    LOANDEPOT.COM, LLC 16 6.07% $8,748
    CLEARPATH LENDING 15 5.82% $7,497
    WISCONSIN MORTGAGE CORPORATION 13 6.12% $3,213
    Bank of England 13 6.47% $10,207
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 12 6.18% $4,494
    GUILD MORTGAGE COMPANY 12 5.96% $15,464
    CROSSCOUNTRY MORTGAGE, LLC 11 6.64% $5,168
    The Federal Savings Bank 9 6.42% $17,296
    Ixonia Bank 9 6.32% $6,566
    LAKEVIEW LOAN SERVICING, LLC 9 5.92% $5,419
    GUARANTEED RATE AFFINITY, LLC 8 6.49% $7,271
    CMG MORTGAGE, INC. 8 6.73% $6,351
    Nations Lending Corporation 7 7.02% $4,857
    MOVEMENT MORTGAGE, LLC 7 6.30% $7,470
    Barrington Bank & Trust Company, N.A. 7 6.25% $5,568
    First Federal Bank 5 5.73% $7,383
    The Huntington National Bank 5 6.70% $8,990
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.80% $11,495
    Bell Bank 5 6.55% $5,412
    NATIONS DIRECT MORTGAGE, LLC 4 6.50% $4,385
    Waukesha State Bank 4 5.78% $5,305
    Century Mortgage Company DBA Century Lending Company 4 6.59% $5,929
    SUN WEST MORTGAGE COMPANY, INC. 4 6.40% $3,428
    U.S. Bank 4 6.38% $4,920
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 7.17% $9,289
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.67% $12,172
    Mr. Cooper ( Nationstar Mortgage ) 3 6.21% $7,528
    Texana Bank 3 5.71% $7,150
    Flagstar Bank, FSB 3 6.75% $2,917
    Associated Bank 3 6.42% $9,396
    Westbury Bank 3 6.21% $4,407
    AMERISAVE MORTGAGE CORPORATION 3 5.88% $16,126
    LOANPAL, LLC 3 6.21% $9,510
    AMERICAN FINANCIAL NETWORK, INC. 3 6.83% $10,938
    CIBM Bank 3 6.25% $1,261
    BROKER SOLUTIONS, INC. 3 6.75% $4,227
    CHURCHILL MORTGAGE CORPORATION 3 6.92% $9,470
    Johnson Bank 3 6.33% $2,125
    HOMESIDE FINANCIAL, LLC 2 5.37% $9,381
    UNION HOME MORTGAGE CORP. 2 6.25% $3,938
    Carrington Mortgage Services, LLC 2 7.00% $18,626
    Wells Fargo Bank 2 6.50% $2,915
    JPMorgan Chase Bank 2 6.50% $1,801
    Mid-Continent Funding, Inc. 2 6.13% $6,726
    CARDINAL FINANCIAL 2 7.00% $6,233
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.81% $11,186
    EDUCATORS CREDIT UNION 2 6.38% $1,443
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $4,124
    Servion, Inc. 2 6.19% $4,281
    Academy Bank 1 6.63% $1,650
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 5.88% $2,945
    Equity Prime Mortgage LLC 1 7.38% $10,309
    FIRST COMMUNITY MORTGAGE, INC. 1 7.63% $10,264
    FIRST STATE MORTGAGE SERVICES, LLC 1 6.50% $2,784
    GoPrime Mortgage, Inc. 1 7.13% $2,594
    GSF Mortgage Corporation 1 7.13% $17,043
    HARTFORD FUNDING, LTD. 1 5.63% $11,306
    Lakeview Community Capital, LLC 1 5.25% $4,971
    Magnolia Bank 1 5.00% $23,108
    Meridian Bank Corporation 1 5.25% $23,155
    NATIONS RELIABLE LENDING, LLC 1 6.75% $6,392
    NBKC BANK 1 5.63% $12,133
    NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $13,078
    NFM, INC. 1 5.63% $4,783
    Northpointe Bank 1 6.00% $3,276
    Armed Forces Bank 1 5.50% $6,128
    PENTAGON FEDERAL CREDIT UNION 1 6.13% $3,420
    PREMIA MORTGAGE, LLC 1 5.75% $5,822
    Ameris Bank 1 5.63% $11,869
    S1L, Inc. 1 7.13% $6,930
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $14,897
    The Equitable Bank, S.S.B. 1 5.25% $1,734
    TOWNE MORTGAGE COMPANY 1 6.75% $2,726
    American Mortgage & Equity Consultants, Inc. 1 7.25% $725
    VERITAS FUNDING, LLC 1 5.63% $23,337
    V.I.P. MORTGAGE, INC. 1 6.63% $4,267
    Waterstone Mortgage Corporation 1 6.13% $6,629

    The top Milwaukee VA lender as defined by loan originations is Mortgage Research Center, LLC, with 203 VA loans originated. Their average total fees are $6,764, which is $637 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Milwaukee VA lenders (with over 10 loans originated) are WISCONSIN MORTGAGE CORPORATION ($3,213), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,494), NAVY FEDERAL CREDIT UNION ($4,513), GUARANTEED RATE, INC. ($4,950) and PLANET HOME LENDING, LLC ($5,063).

    The lowest rate Milwaukee VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.78%), CLEARPATH LENDING (5.82%), VILLAGE CAPITAL MORTGAGE (5.83%), PLANET HOME LENDING, LLC (5.94%) and NEWREZ LLC (5.95%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Milwaukee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $213,950 (7.0%) $304,492 (6.1%) 0.79 3,853
    2018-02-01 $222,400 (9.0%) $315,287 (7.9%) 0.81 4,075
    2018-03-01 $232,450 (6.2%) $321,757 (6.3%) 0.82 4,494
    2018-04-01 $241,425 (9.8%) $328,105 (8.0%) 0.82 4,827
    2018-05-01 $249,900 (10.1%) $331,661 (7.3%) 0.83 5,146
    2018-06-01 $259,900 (13.0%) $343,249 (9.7%) 0.87 5,337
    2018-07-01 $254,950 (10.9%) $338,895 (7.2%) 0.85 5,416
    2018-08-01 $249,900 (8.9%) $333,963 (6.8%) 0.84 5,521
    2018-09-01 $249,900 (11.1%) $336,092 (8.1%) 0.84 5,366
    2018-10-01 $249,900 (13.6%) $334,642 (8.6%) 0.85 5,223
    2018-11-01 $249,000 (13.4%) $331,330 (7.8%) 0.84 4,819
    2018-12-01 $244,900 (14.0%) $327,679 (8.5%) 0.84 4,059
    2019-01-01 $249,575 (16.7%) $332,532 (9.2%) 0.86 3,608
    2019-02-01 $261,900 (17.8%) $342,888 (8.8%) 0.88 3,779
    2019-03-01 $270,943 (16.6%) $351,302 (9.2%) 0.89 4,192
    2019-04-01 $304,450 (26.1%) $385,822 (17.6%) 0.97 4,720
    2019-05-01 $304,900 (22.0%) $386,767 (16.6%) 0.95 4,974
    2019-06-01 $279,900 (7.7%) $358,164 (4.4%) 0.87 5,245
    2019-07-01 $281,850 (10.6%) $364,380 (7.5%) 0.88 5,221
    2019-08-01 $275,855 (10.4%) $360,673 (8.0%) 0.87 5,236
    2019-09-01 $269,749 (7.9%) $355,033 (5.6%) 0.86 5,207
    2019-10-01 $264,950 (6.0%) $349,048 (4.3%) 0.85 5,162
    2019-11-01 $259,900 (4.4%) $342,044 (3.2%) 0.85 4,588
    2019-12-01 $253,450 (3.5%) $339,705 (3.7%) 0.85 3,760
    2020-01-01 $256,475 (2.8%) $341,509 (2.7%) 0.86 3,366
    2020-02-01 $269,900 (3.1%) $352,524 (2.8%) 0.88 3,608
    2020-03-01 $279,900 (3.3%) $356,161 (1.4%) 0.88 3,994
    2020-04-01 $282,450 (-7.2%) $356,228 (-7.7%) 0.88 3,907
    2020-05-01 $293,950 (-3.6%) $370,498 (-4.2%) 0.89 4,032
    2020-06-01 $294,925 (5.4%) $371,487 (3.7%) 0.87 4,432
    2020-07-01 $299,900 (6.4%) $375,615 (3.1%) 0.87 4,500
    2020-08-01 $289,900 (5.1%) $372,590 (3.3%) 0.83 4,557
    2020-09-01 $275,000 (2.0%) $359,972 (1.4%) 0.79 4,634
    2020-10-01 $267,900 (1.1%) $352,902 (1.1%) 0.77 4,433
    2020-11-01 $263,700 (1.5%) $352,325 (3.0%) 0.77 3,788
    2020-12-01 $260,000 (2.6%) $352,173 (3.7%) 0.77 3,041
    2021-01-01 $259,900 (1.3%) $353,181 (3.4%) 0.78 2,481
    2021-02-01 $264,900 (-1.9%) $356,453 (1.1%) 0.77 2,489
    2021-03-01 $274,900 (-1.8%) $359,191 (0.9%) 0.78 2,704
    2021-04-01 $277,450 (-1.8%) $361,118 (1.4%) 0.75 3,054
    2021-05-01 $289,900 (-1.4%) $371,738 (0.3%) 0.77 3,450
    2021-06-01 $289,900 (-1.7%) $371,004 (-0.1%) 0.76 3,911
    2021-07-01 $284,900 (-5.0%) $362,260 (-3.6%) 0.75 4,361
    2021-08-01 $280,000 (-3.4%) $359,763 (-3.4%) 0.75 4,433
    2021-09-01 $276,850 (0.7%) $357,279 (-0.8%) 0.74 4,388
    2021-10-01 $274,900 (2.6%) $357,071 (1.2%) 0.73 4,163
    2021-11-01 $262,400 (-0.5%) $350,043 (-0.7%) 0.70 3,708
    2021-12-01 $250,000 (-3.9%) $341,680 (-3.0%) 0.68 2,930
    2022-01-01 $259,900 (0.0%) $353,801 (0.2%) 0.70 2,124
    2022-02-01 $267,900 (1.1%) $363,553 (2.0%) 0.70 2,284
    2022-03-01 $289,950 (5.5%) $389,002 (8.3%) 0.73 2,389
    2022-04-01 $299,900 (8.1%) $397,866 (10.2%) 0.71 2,615
    2022-05-01 $322,450 (11.2%) $408,308 (9.8%) 0.74 3,099
    2022-06-01 $334,900 (15.5%) $420,055 (13.2%) 0.75 3,400
    2022-07-01 $325,000 (14.1%) $413,986 (14.3%) 0.73 3,598
    2022-08-01 $332,400 (18.7%) $415,757 (15.6%) 0.77 3,590
    2022-09-01 $332,450 (20.1%) $416,109 (16.5%) 0.78 3,203
    2022-10-01 $329,900 (20.0%) $415,246 (16.3%) 0.78 3,111
    2022-11-01 $324,950 (23.8%) $414,015 (18.3%) 0.78 2,992
    2022-12-01 $337,900 (35.2%) $427,662 (25.2%) 0.83 2,353
    2023-01-01 $349,900 (34.6%) $431,805 (22.1%) 0.87 1,947
    2023-02-01 $349,900 (30.6%) $438,030 (20.5%) 0.84 1,989
    2023-03-01 $367,450 (26.7%) $452,360 (16.3%) 0.87 1,985
    2023-04-01 $369,000 (23.0%) $452,864 (13.8%) 0.86 2,181
    2023-05-01 $374,950 (16.3%) $460,116 (12.7%) 0.85 2,380
    2023-06-01 $379,950 (13.5%) $478,495 (13.9%) 0.85 2,546
    2023-07-01 $374,900 (15.4%) $475,658 (14.9%) 0.85 2,707
    2023-08-01 $352,450 (6.0%) $461,174 (10.9%) 0.81 2,834
    2023-09-01 $349,900 (5.3%) $453,574 (9.0%) 0.81 2,922
    2023-10-01 $339,950 (3.1%) $437,860 (5.5%) 0.80 3,019
    2023-11-01 $342,450 (5.4%) $441,599 (6.7%) 0.82 2,839
    2023-12-01 $334,900 (-0.9%) $434,722 (1.7%) 0.82 2,356
    2024-01-01 $341,950 (-2.3%) $434,430 (0.6%) 0.84 2,034
    2024-02-01 $352,400 (0.7%) $448,662 (2.4%) 0.85 1,946
    2024-03-01 $364,900 (-0.7%) $459,862 (1.7%) 0.86 2,169
    2024-04-01 $376,450 (2.0%) $469,362 (3.6%) 0.88 2,448
    2024-05-01 $399,900 (6.7%) $492,736 (7.1%) 0.91 2,730
    2024-06-01 $399,900 (5.3%) $489,429 (2.3%) 0.91 3,072
    2024-07-01 $399,900 (6.7%) $494,262 (3.9%) 0.91 2,844
    2024-08-01 $399,000 (13.2%) $480,805 (4.3%) 0.93 3,049
    2024-09-01 $389,900 (11.4%) $479,713 (5.8%) 0.92 3,154
    2024-10-01 $377,500 (11.1%) $473,090 (8.1%) 0.89 3,261
    2024-11-01 $365,000 (6.6%) $459,383 (4.0%) 0.88 3,164
    2024-12-01 $357,100 (6.6%) $457,322 (5.2%) 0.89 2,496
    2025-01-01 $362,500 (6.0%) $457,893 (5.4%) 0.91 2,135
    2025-02-01 $374,950 (6.4%) $466,738 (4.0%) 0.91 2,161
    2025-03-01 $375,000 (2.8%) $466,776 (1.5%) 0.00 2,335
    Milwaukee's median listing price for 2025-03-01 was $375,000, a difference of $10,100 (2.8%) versus the prior year and $50 versus the prior month.

    Milwaukee's median listing price comes in at 0% of the national average.

    Milwaukee's average listing price for 2025-03-01 was $466,776, a difference of $6,914 (1.5%) versus the prior year and $38 versus the prior month.

    For the 2025-03-01 period, Milwaukee had 2,335 MLS listings, a difference of 174 listings (8%) versus the prior month and 166 listings (8%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Milwaukee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 77 days 1,643 sqft
    2018-02-01 55 days 1,670 sqft
    2018-03-01 40 days 1,716 sqft
    2018-04-01 36 days 1,736 sqft
    2018-05-01 36 days 1,748 sqft
    2018-06-01 36 days 1,786 sqft
    2018-07-01 40 days 1,762 sqft
    2018-08-01 40 days 1,738 sqft
    2018-09-01 43 days 1,730 sqft
    2018-10-01 45 days 1,734 sqft
    2018-11-01 50 days 1,725 sqft
    2018-12-01 59 days 1,719 sqft
    2019-01-01 67 days 1,739 sqft
    2019-02-01 54 days 1,780 sqft
    2019-03-01 42 days 1,805 sqft
    2019-04-01 39 days 1,899 sqft
    2019-05-01 38 days 1,916 sqft
    2019-06-01 36 days 1,830 sqft
    2019-07-01 37 days 1,835 sqft
    2019-08-01 39 days 1,824 sqft
    2019-09-01 42 days 1,807 sqft
    2019-10-01 44 days 1,789 sqft
    2019-11-01 50 days 1,760 sqft
    2019-12-01 61 days 1,723 sqft
    2020-01-01 65 days 1,706 sqft
    2020-02-01 43 days 1,752 sqft
    2020-03-01 37 days 1,784 sqft
    2020-04-01 39 days 1,796 sqft
    2020-05-01 42 days 1,826 sqft
    2020-06-01 36 days 1,823 sqft
    2020-07-01 36 days 1,822 sqft
    2020-08-01 33 days 1,800 sqft
    2020-09-01 35 days 1,725 sqft
    2020-10-01 36 days 1,680 sqft
    2020-11-01 40 days 1,665 sqft
    2020-12-01 46 days 1,638 sqft
    2021-01-01 48 days 1,619 sqft
    2021-02-01 37 days 1,631 sqft
    2021-03-01 30 days 1,631 sqft
    2021-04-01 29 days 1,620 sqft
    2021-05-01 26 days 1,686 sqft
    2021-06-01 26 days 1,700 sqft
    2021-07-01 29 days 1,687 sqft
    2021-08-01 32 days 1,680 sqft
    2021-09-01 35 days 1,656 sqft
    2021-10-01 37 days 1,635 sqft
    2021-11-01 41 days 1,612 sqft
    2021-12-01 49 days 1,582 sqft
    2022-01-01 50 days 1,576 sqft
    2022-02-01 30 days 1,610 sqft
    2022-03-01 30 days 1,647 sqft
    2022-04-01 28 days 1,676 sqft
    2022-05-01 25 days 1,732 sqft
    2022-06-01 28 days 1,773 sqft
    2022-07-01 29 days 1,752 sqft
    2022-08-01 32 days 1,752 sqft
    2022-09-01 36 days 1,732 sqft
    2022-10-01 35 days 1,730 sqft
    2022-11-01 37 days 1,717 sqft
    2022-12-01 46 days 1,718 sqft
    2023-01-01 55 days 1,701 sqft
    2023-02-01 37 days 1,708 sqft
    2023-03-01 32 days 1,726 sqft
    2023-04-01 30 days 1,764 sqft
    2023-05-01 29 days 1,777 sqft
    2023-06-01 29 days 1,786 sqft
    2023-07-01 29 days 1,755 sqft
    2023-08-01 29 days 1,718 sqft
    2023-09-01 30 days 1,696 sqft
    2023-10-01 32 days 1,701 sqft
    2023-11-01 36 days 1,721 sqft
    2023-12-01 44 days 1,692 sqft
    2024-01-01 46 days 1,680 sqft
    2024-02-01 37 days 1,709 sqft
    2024-03-01 29 days 1,731 sqft
    2024-04-01 31 days 1,762 sqft
    2024-05-01 29 days 1,808 sqft
    2024-06-01 32 days 1,805 sqft
    2024-07-01 30 days 1,816 sqft
    2024-08-01 29 days 1,820 sqft
    2024-09-01 31 days 1,803 sqft
    2024-10-01 32 days 1,764 sqft
    2024-11-01 37 days 1,718 sqft
    2024-12-01 45 days 1,696 sqft
    2025-01-01 51 days 1,696 sqft
    2025-02-01 36 days 1,702 sqft
    2025-03-01 0 days 1,696 sqft
    Milwaukee's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Milwaukee's median square footage for active listings during the 2025-03-01 period was 1,696 sqft. One year prior, the average listing was 1,731 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.