The first type of VA loan is the Federal VA Loan; this program offers competitive mortgage terms not requiring a down payment or Private Mortgage Insurance. The Federal VA Loan is designed for qualified veterans who are on active duty, in the reserves, and are widows of a qualified veteran.

The Wisconsin State VA is another government backed program that allows Wisconsin veterans an opportunity to avoid Private Mortgage Insurance but requires a 5% down payment. The benefits of this program compared to the Federal VA are a lower fixed interest rate and No Funding Fee.