As mortgage rates continue to fall, the Department of Veteran Affairs is also lowering interest rates for veterans who qualify.

The Wisconsin Department of Veterans Affairs is currently offering a 30 year fixed mortgage at a rate of 5.875% to any qualifying Wisconsin veteran. Only a 5% down payment is needed and their is no private mortgage insurance (PMI) requirement. Click here to see what your payments would be.

There are no income limits for this program and the maximum mortgage amount is $385,000.

To obtain the required Certificate of Eligibility to participate in the home loan program, veterans should contact their local County Veterans Service Officer.

For further information about WEVA loan programs click here to visit their web site or call (800) 947-8387.

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