Wisconsin VA Loan Rates, Closing Costs & Stats

Wisconsin

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.

Wisconsin VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Wisconsin averaged 6.5% for the week of 2024-07-05, compared to the national average (all VA variants) of 6.475% for the same period.

Wisconsin's average VA mortgage closing costs are $5,020.

The average rate for the prior week (2024-06-28) was 6.7% and one month ago for the week of 2024-05-31, the average rate was 6.82%.

The average rate one year ago was 6.47%.

For refis of the same type during the week of 2024-07-05, the average rate was 6.18%.

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

Wisconsin 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 Wisconsin level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 928 6.78% $6,408
QUICKEN LOANS, LLC 246 6.22% $11,543
UNITED WHOLESALE MORTGAGE, LLC 192 6.63% $7,896
NAVY FEDERAL CREDIT UNION 163 5.89% $5,447
FREEDOM MORTGAGE CORPORATION 110 6.56% $14,532
USAA Federal Savings Bank 107 6.27% $7,304
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 101 6.71% $6,965
Barrington Bank & Trust Company, N.A. 94 6.47% $6,824
PENNYMAC LOAN SERVICES, LLC 83 5.65% $6,937
NEW DAY FINANCIAL, LLC 79 7.50% $12,107
GUILD MORTGAGE COMPANY 77 6.63% $10,181
CROSSCOUNTRY MORTGAGE, LLC 76 6.88% $6,860
GUARANTEED RATE, INC. 73 6.51% $6,497
LOANDEPOT.COM, LLC 63 6.28% $11,312
Prosperity Home Mortgage, LLC 52 6.17% $7,422
NEWREZ LLC 51 6.68% $7,672
Mr. Cooper ( Nationstar Mortgage ) 51 6.14% $13,933
U.S. Bank 49 6.34% $6,226
The Federal Savings Bank 35 6.47% $12,959
Nations Lending Corporation 34 6.82% $8,193
CMG MORTGAGE, INC. 32 6.75% $10,867
CARDINAL FINANCIAL 32 6.63% $12,030
PLANET HOME LENDING, LLC 30 6.17% $6,344
Paramount Residential Mortgage Group, Inc. 30 6.50% $7,141
VILLAGE CAPITAL MORTGAGE 29 5.87% $8,602
Bell Bank 28 6.52% $4,424
Ixonia Bank 28 7.03% $8,586
MOVEMENT MORTGAGE, LLC 27 6.74% $7,279
Associated Bank 26 6.38% $5,019
Bank of England 26 6.57% $10,173
AMERISAVE MORTGAGE CORPORATION 26 5.83% $9,573
Wells Fargo Bank 23 6.34% $5,403
Bank Five Nine 22 6.65% $7,740
HOMESIDE FINANCIAL, LLC 20 6.96% $10,414
Waterstone Mortgage Corporation 20 6.74% $9,567
ENVOY MORTGAGE, LTD 20 7.03% $6,227
BROKER SOLUTIONS, INC. 19 6.50% $10,077
GSF Mortgage Corporation 18 6.64% $7,548
Servion, Inc. 17 6.64% $6,635
AMERICAN PACIFIC MORTGAGE CORPORATION 16 6.88% $10,674
HOMEBRIDGE FINANCIAL SERVICES, INC. 16 7.12% $6,572
FIRST CENTENNIAL MORTGAGE CORPORATION 15 6.75% $4,933
Flagstar Bank, FSB 15 6.46% $3,908
Plains Commerce Bank 14 6.20% $6,914
American Mortgage & Equity Consultants, Inc. 14 6.29% $10,127
The Huntington National Bank 14 6.59% $6,507
CORNERSTONE HOME LENDING, INC. 14 6.48% $9,807
GUARANTEED RATE AFFINITY, LLC 13 6.34% $6,421
WISCONSIN MORTGAGE CORPORATION 13 6.54% $7,414
MUTUAL OF OMAHA MORTGAGE, INC. 13 6.53% $14,134
THOMPSON KANE & COMPANY, LLC 13 6.82% $6,988
A + MORTGAGE SERVICES, INC. 12 6.32% $8,132
JPMorgan Chase Bank 12 6.41% $1,653
UNION HOME MORTGAGE CORP. 12 6.86% $4,956
FIRST COMMUNITY MORTGAGE, INC. 11 6.76% $6,080
CHERRY CREEK MORTGAGE, LLC 10 6.54% $1,233
TOWNE MORTGAGE COMPANY 10 6.63% $7,095
V.I.P. MORTGAGE, INC. 9 6.17% $6,592
Mid-Continent Funding, Inc. 9 6.60% $9,888
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.69% $6,440
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 9 6.83% $6,983
Century Mortgage Company DBA Century Lending Company 9 6.68% $7,945
EVERETT FINANCIAL, INC. 9 7.04% $8,918
PENTAGON FEDERAL CREDIT UNION 8 5.80% $6,544
First Federal Bank 8 6.45% $4,066
ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 6.75% $6,530
CALIBER HOME LOANS, INC. 8 6.75% $6,944
DAS Acquisition Company, LLC 8 7.31% $5,117
GATEWAY MORTGAGE CORPORATION 8 6.94% $5,885
Johnson Bank 7 6.48% $4,664
BAY EQUITY LLC 7 6.46% $10,130
AMERICAN FINANCIAL NETWORK, INC. 7 6.63% $7,664
SUN WEST MORTGAGE COMPANY, INC. 7 6.53% $5,907
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.89% $6,974
Magnolia Bank 7 6.18% $14,291
North Shore Bank of Commerce 6 6.38% $3,732
ROYAL UNITED MORTGAGE LLC 6 6.92% $13,837
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 6 7.04% $7,134
LAKEVIEW LOAN SERVICING, LLC 6 6.00% $9,860
LAND HOME FINANCIAL SERVICES, INC. 6 6.48% $6,118
NBKC BANK 6 6.10% $5,150
VERITAS FUNDING, LLC 6 6.60% $17,611
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.77% $5,686
Equity Prime Mortgage LLC 6 7.17% $6,117
University of Wisconsin Credit Union 5 6.78% $6,270
ALTRA 5 6.20% $6,394
PREMIA MORTGAGE, LLC 5 6.02% $4,481
CHURCHILL MORTGAGE CORPORATION 5 6.55% $5,740
SUCCESS MORTGAGE PARTNERS, INC. 5 7.03% $8,977
Tradition Mortgage, LLC 5 6.65% $5,583
Bank First, N.A. 5 6.98% $4,553
Bremer Bank 4 6.22% $4,198
CONTOUR MORTGAGE CORPORATION 4 6.66% $11,105
BNC National Bank 4 5.63% $9,369
CIBM Bank 4 6.75% $4,139
EAGLE HOME MORTGAGE, LLC 4 5.34% $4,771
Blackhawk Bank 4 6.94% $5,735
PLAZA HOME MORTGAGE, INC. 4 7.06% $14,843
Ameris Bank 4 6.56% $2,956
Armed Forces Bank 4 6.16% $8,477
CRESCENT MORTGAGE COMPANY 3 6.58% $4,199
AMERICAN FINANCING CORPORATION 3 6.42% $5,032
AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 6.50% $8,912
CAPITAL Credit Union 3 6.50% $2,040
EDUCATORS CREDIT UNION 3 6.58% $1,460
LOANPAL, LLC 3 6.29% $12,109
MID AMERICA MORTGAGE, INC. 3 5.88% $4,659
NATIONS DIRECT MORTGAGE, LLC 3 7.25% $3,261
NATIONS RELIABLE LENDING, LLC 3 6.88% $9,703
NexBank 3 6.21% $7,168
Royal Credit Union 3 6.83% $11,091
Northpointe Bank 2 4.75% $10,824
Presidential Bank, FSB 2 6.00% $9,417
ENDEAVOR CAPITAL, LLC. 2 6.37% $6,778
Regent Financial Group, Inc. 2 6.69% $9,266
T2 FINANCIAL LLC 2 6.63% $4,771
SOVEREIGN LENDING GROUP INCORPORATED 2 5.75% $19,815
The Equitable Bank, S.S.B. 2 6.94% $6,742
Colonial Savings, F.A. 2 6.50% $8,539
Citizens Bank 2 6.63% $2,783
FIRST STATE MORTGAGE SERVICES, LLC 2 6.75% $3,644
North American Savings Bank, F.S.B. 2 6.75% $7,262
Cambria Financial Group, LLC 2 7.31% $5,933
AXIA FINANCIAL, LLC 2 6.19% $9,608
Merchants Bank 2 6.71% $5,662
Waukesha State Bank 2 6.69% $8,370
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.44% $4,950
NETWORK CAPITAL FUNDING CORPORATION 2 6.63% $6,786
Summit Mortgage Corporation 2 7.06% $10,103
RESIDENTIAL BANCORP 1 6.75% $10,873
Wolfe Financial, Inc 1 7.00% $3,655
KELLER MORTGAGE, LLC 1 6.25% $9,270
Home Federal Savings Bank 1 7.25% $11,764
GREENSTATE CREDIT UNION 1 5.25% $6,293
SUMMIT FUNDING, INC. 1 7.25% $9,214
Sunflower Bank 1 6.99% $8,760
FLAT BRANCH MORTGAGE, INC. 1 6.63% $8,323
SWBC MORTGAGE CORPORATION 1 6.13% $19,605
The Bank of New Glarus 1 7.25% $2,926
First-Citizens Bank & Trust Company 1 5.63% $10,740
FIDELITY BANK 1 6.25% $17,301
TJC Mortgage, Inc. 1 6.75% $6,351
TOP FLITE FINANCIAL, INC. 1 6.75% $8,245
Farmers Bank & Trust 1 5.25% $18,077
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 6.13% $4,289
DRAPER AND KRAMER MORTGAGE CORP. 1 7.50% $13,376
Academy Bank 1 5.25% $10,448
UNIVERSAL LENDING CORPORATION 1 6.50% $11,988
Carrington Mortgage Services, LLC 1 5.50% $5,133
Capital Bank 1 5.75% $5,541
Atlantic Coast Mortgage, LLC 1 6.75% $12,916
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $5,937
Neighborhood Loans, Inc. 1 6.63% $8,729
ACADEMY MORTGAGE CORPORATION 1 6.00% $9,756
NFM, INC. 1 7.38% $6,177
North Shore Bank FSB 1 7.63% $5,925
M&T Bank 1 6.63% $5,498
Old National Bank 1 5.50% $5,211
ON Q FINANCIAL, INC. 1 7.25% $10,101
MORTGAGEONE, INC. 1 7.00% $195
MORTGAGE CENTER L.C 1 7.13% $5,057
MORIA DEVELOPMENT, INC. 1 7.50% $15,420
MICHIGAN MUTUAL, INC. 1 6.63% $7,391
Meridian Bank Corporation 1 6.75% $21,088
MEGASTAR FINANCIAL CORP. 1 6.13% $19,367
LIBERTY HOME MORTGAGE CORPORATION 1 7.50% $21,477
LEADERONE FINANCIAL CORPORATION 1 6.25% $7,246
Lakeview Community Capital, LLC 1 6.25% $10,346
LAKE MICHIGAN CREDIT UNION 1 6.63% $3,679
Regions Bank 1 5.75% $5,475

The top Wisconsin VA lender as defined by loan originations is Mortgage Research Center, LLC, with 928 VA loans originated. Their average total fees are $6,408, which is $5,135 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Wisconsin VA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($1,233), JPMorgan Chase Bank ($1,653), Flagstar Bank, FSB ($3,908), Bell Bank ($4,424) and FIRST CENTENNIAL MORTGAGE CORPORATION ($4,933).

The lowest rate Wisconsin VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.65%), AMERISAVE MORTGAGE CORPORATION (5.83%), VILLAGE CAPITAL MORTGAGE (5.87%), NAVY FEDERAL CREDIT UNION (5.89%) and Mr. Cooper ( Nationstar Mortgage ) (6.14%).

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.