VA Home Loans in Madison, WI
You served our country — now let us serve you. VA loans offer $0 down payment, no private mortgage insurance, and some of the most competitive rates available. Rob Miller is proud to help Wisconsin veterans and active-duty military achieve the dream of homeownership.
What Is a VA Home Loan?
A VA home loan is a mortgage benefit provided through the U.S. Department of Veterans Affairs. The VA doesn't directly lend money — instead, it guarantees a portion of the loan made by approved private lenders like MadCity Home Loans. This guarantee allows lenders to offer veterans exceptional terms that simply aren't available with conventional financing.
Established in 1944 as part of the original GI Bill, the VA loan program has helped over 28 million veterans become homeowners. It remains one of the most powerful mortgage benefits available — and one of the most underutilized, with many eligible veterans not realizing they qualify.
At MadCity Home Loans, Rob Miller has extensive experience guiding veterans, active-duty service members, and surviving spouses through the VA loan process in Madison, Janesville, Wausau, Green Bay, and across all of Wisconsin.
VA Loan Benefits
$0 Down Payment
Finance 100% of your home's purchase price — no down payment required for eligible veterans with full entitlement.
No PMI Required
Unlike conventional loans under 20% down, VA loans carry no private mortgage insurance — saving you hundreds per month.
Lower Interest Rates
VA loans consistently offer rates 0.25%–0.5% lower than comparable conventional loans, saving tens of thousands over the life of your loan.
VA Streamline Refinance
The IRRRL (Interest Rate Reduction Refinance Loan) lets existing VA borrowers refinance with minimal paperwork and no appraisal.
Flexible Credit Standards
The VA doesn't set a minimum credit score — most lenders, including MadCity, work with scores starting around 580–620.
Reusable Benefit
Your VA entitlement can be used multiple times throughout your life — it's a lifetime benefit, not a one-time program.
Your VA Loan Roadmap
Verify VA Eligibility
Obtain your Certificate of Eligibility (COE). Rob Miller can pull this directly from the VA portal in minutes.
Veteran Pre-Approval
We verify credit history (no set minimum, but typically 580-620 preferred) and check debt ratios.
Select Your Home
Shop with your realtor. VA loans support buying single-family homes, condos, townhouses, and 2-4 unit multi-family units.
VA Appraisal
A VA-certified appraiser performs a safety valuation to ensure the home meets Minimum Property Requirements (MPRs).
Funding Fee Setup
We structure the loan to roll the one-time funding fee (1.25%-3.3%, exempt for disabled veterans) into the mortgage.
Closing & Handover
Close with $0 down payment, no PMI, below-market rates, and receive your home keys.
Understanding the VA Funding Fee
The VA Funding Fee is a one-time charge that helps sustain the VA loan program for future generations of veterans. Unlike PMI, it's paid once — not monthly — and can be rolled directly into your loan amount.
First-time use with $0 down: 2.15% of the loan amount (e.g., $6,450 on a $300,000 loan).
Subsequent use with $0 down: 3.3% of the loan amount.
Fee exemptions: Veterans receiving VA disability compensation of 10% or more, surviving spouses of veterans who died in service, and certain Purple Heart recipients are exempt from the funding fee entirely.
VA vs. Conventional? Not sure which is right for you? Rob Miller can run both scenarios side by side — including the funding fee impact — and show you the real monthly payment difference.
Get a Side-by-Side Comparison