VA Home Loan Advantages for Wisconsin Veterans.

 

Purchase with $0 Down or 100% cashout refinance.

  • A Va mortgage is one of the few programs that still allows Wisconsin veterans to finance 100% of the homes value and purchase with zero down
  • Now more than ever, Wisconsin banks are requiring large down payments for conventional loans. In many cases they require 10-20% downpayment, putting Wisconsin home ownership out of reach for many prospective veteran buyers.

How much will $0 down save you?

 

  • No private monthly mortgage insurance
  • Closing costs may be paid by the sellers
  • no prepayment penalty if you pay off the loan early or make extra monthly payments
  • VA may be able to provide you some assistance if you run into difficulty making payments
  • VA funding fee can be included in the loan
  • Veterans receiving VA Disability compensation are exempt from the VA funding fee

 

You should also know that:

  • You don't have to be a first-time homebuyer
  • Veterans can reuse the benefit
  • VA-backed loans are assumable, as long as the person assuming the loan qualifies
  • Certain surviving spouses of deceased Veterans are eligible

 

Contact Ron Meyer at GSF Mortgage today to get qualified for a VA home purchase or a refinance up to 100% value of your home.