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Federal Benefits
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Medical Care
Home Loans
Education and Training
Survivor Benefits
Burial Benefits
Life Insurance
Homeless Vet Programs
Alcohol/Drug
Dependency Programs
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FEDERAL VA HOME LOAN GUARANTY PROGRAM
VA guarantees loans made to veterans and some unremarried surviving spouses for the purchase or refinancing of homes,
condominiums and manufactured homes. VA guarantees part of the total loan, permitting the veteran to obtain a mortgage with
a competitive interest rate, even without a down payment if the lender agrees. VA requires a down payment for the purchase of
a manufactured home or if the price of a home exceeds the reasonable value, or if the loan has a graduated payment feature.
With a VA guaranty, the lender is protected against loss up to the amount of the guaranty if the borrower fails to repay the loan.
A VA loan guaranty may be used to:
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Buy a home
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Buy a residential condominium
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Build a home
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Repair, alter or improve a home
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Refinance an existing home loan
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Buy a manufactured home with or without a lot
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Buy and improve a manufactured home lot
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Install a solar heating or cooling system or other weatherization improvements
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Refinance a VA loan to reduce the interest rate
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Refinance a manufactured home loan to acquire a lot.
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ELIGIBILITY
Applicants must have a good credit rating, have an income sufficient to support mortgage payments, and agree to live on the
property. To be eligible, veterans must have:
- 90 days service during WWII, Korea, Vietnam
- 181 days of continuous active duty during a peacetime period
- 24 months of continuous active duty during or since the Persian Gulf War or the full period (at least 90 days) of mobilized National Guard or Reserve mobilization.
- Reservists or National Guard members who have successfully completed at least six years of creditable part-time service.
A
Certificate of Eligibility is received by applying through the County
Veterans Service Office, then the veteran takes his or her certificate to
a VA authorized private lender. A list of participating federal/state VA
lenders follows:
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NAME |
ADDRESS |
TELEPHONE |
TYPE LOAN |
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Advantage
Credit Union |
929 State St, La Crosse WI |
784-7329 |
Federal |
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1848 Main St E, Onalaska WI |
783-4000 |
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Altra
Federal Credit Union |
2715 Losey Blvd S, La Crosse WI |
796-4200 |
Federal and State |
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1807 Main St E, Onalaska WI |
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Associated
Bank |
605 State
Street, La Crosse |
782-6600 |
Federal and
State |
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127 Sand Lake
Rd, Onalaska |
783-7000 |
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450 Holmen
Drive, Holmen |
526-3377 |
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Community Credit Union |
2025 South
Avenue, La Crosse |
779-2400 |
State |
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943 12th
Avenue South, Onalaska |
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110 Linden Dr,
Holmen WI |
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Fortress
Bank |
1400 Waterloo
Ave, West Salem WI |
786-2800 |
Federal and
State |
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Government Employees Credit Union |
225 La Crosse
St, La Crosse, WI |
785-7720 |
Federal |
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Firefighters Credit Union |
525 5th Avenue
South, La Crosse |
784-9480 |
Federal and
State |
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510 Amy
Drive, Holmen |
526-3230 |
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M&I Bank of
La Crosse |
1300 Rose
Street, La Crosse |
783-1511 |
Federal and
State |
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1145 Main
Street, Onalaska |
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3500 US Hwy
16, La Crosse |
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Merchants
Bank |
316 Main
Street, La Crescent, MN |
895-4486 |
Federal and
State (WI) |
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River Bank |
4000 Corporate
Drive, Holmen |
781-9095 |
State |
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State Bank
of La Crosse |
401 Main
Street, La Crosse |
784-4600 |
Federal |
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1836 Main
Street East, Onalaska |
781-1836 |
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US Bank |
201 Main
Street, Suite 100,
La Crosse |
791-7226 |
Federal and
State |
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Wells Fargo
Home Mortgage, Inc |
305 5th Avenue
South, La Crosse |
784-7000 |
Federal and
State |
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591 Theatre
Road, Onalaska |
779-8000 |
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