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 6.7% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

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

    The average rate for the prior week (2025-07-11) was 6.79% and one month ago for the week of 2025-06-13, the average rate was 7.06%.

    The average rate one year ago was 6.96%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.35%.

    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%).

    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.