How to Qualify for an FHA or VA Loan in Wisconsin: Everything You Need to Know

If you're a first-time homebuyer in Wisconsin or a veteran looking to purchase a home, FHA and VA loans could be the key to affordable homeownership.

In this blog, we’ll break down the basics of each loan type, who qualifies, and how to get started,  plus important Wisconsin-specific tips and helpful links from Team DG at Epic Mortgage.

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What’s the Difference Between an FHA and VA Loan?

FHA Loan (Federal Housing Administration) Designed for first-time or lower-income buyers with less-than-perfect credit. These loans allow for lower down payments (as low as 3.5%) and flexible credit requirements.

VA Loan (U.S. Department of Veterans Affairs) Available to eligible veterans, active-duty service members, and some surviving spouses. VA loans typically offer 0% down, no PMI, and competitive mortgage rates, one of the best options for those who qualify.

Who Qualifies for These Loans?

FHA Loan Requirements in Wisconsin:

• Minimum credit score: 580+ for 3.5% down, or 500–579 with 10% down

• Steady income & employment history

• Debt-to-income ratio: usually under 43%

• Property must be a primary residence in Wisconsin

  
  

👉 Need help checking your FHA loan eligibility? Apply now with Team DG

VA Loan Requirements in Wisconsin:

• Must meet service requirements (90 days active duty, 6 years National Guard/Reserves, etc.)

• Valid Certificate of Eligibility (COE) from the VA

• Satisfactory credit and income

• Home must be a primary residence

Not sure if you qualify for a VA loan? Message us and we’ll walk you through it

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Why These Loans Matter in Wisconsin

With rising Wisconsin home prices, especially in Milwaukee, Madison, and Green Bay, these loans offer a more accessible path to homeownership.

They’re also great options if you’re struggling with:

• High down payments

• Student loan debt

• Building credit

  
  

There are even down payment assistance programs in Wisconsin that can work with FHA loans,  including Milwaukee down payment assistance options.

Frequently Asked Questions

1. What credit score do I need to buy a house in Wisconsin with an FHA

loan? A score of 580 or higher gets you 3.5% down; below that, a 10% down payment is required.

2. Is it a good time to buy a house in Wisconsin? Despite market shifts, interest rates are still historically competitive. The best time to buy a house in Wisconsin is when you're financially ready — and the right program (like FHA or VA) can help make it happen.

3. How do I start the process? Start by talking to a local expert. At Team DG, we help homebuyers navigate loan options, paperwork, and pre-approvals, all with personal guidance.

👉 Start here

Final Tips for FHA & VA Loan Success

• Know your budget and use a refinance calculator or mortgage calculator

• Get pre-approved before looking at homes for sale near you

• Work with a lender who knows the Wisconsin housing market trends and can help you find affordable homes for sale in your area

• Ask about refinancing in Wisconsin if you're already a homeowner looking to lower your payment

Ready to Take the First Step?

Whether you're looking for cheap houses for sale in Wisconsin, luxury condos in Milwaukee, or your first family home in the suburbs, we’re here to help.

Let’s make sure you’re taking advantage of the best mortgage programs in Wisconsin, with expert guidance from start to finish.

👉 Apply now or get in touch with Team DG 📍

Serving homebuyers across Milwaukee, Madison, Green Bay, Waukesha, and beyond