WHEDA Home Loan Program in Wisconsin

WHEDA Loan Features

As a proud lending partner with Wisconsin Housing and Economic Development Authority (WHEDA), we are dedicated to helping you achieve your dream of homeownership with the benefits of a WHEDA loan. WHEDA loans are designed to make buying a home more affordable and accessible, especially for first-time homebuyers and those with lower to moderate incomes. 

Through flexible WHEDA loan requirements, low down payment options, and competitive interest rates, these Wisconsin home loan programs open the door to affordable financing and long-term stability. Whether you’re purchasing your first home or looking to improve your current housing situation, a WHEDA loan offers a trusted path to affordable homeownership — with local guidance from Forward Bank every step of the way.

• Low down payment options: Make homeownership more accessible with lower down payment requirements.
• Competitive interest rates: Enjoy affordable monthly payments with attractive interest rates tailored for qualified buyers.
• First-time homebuyer programs: Take advantage of special programs designed to support first-time homebuyers in achieving their homeownership goals.
• Down payment assistance: Access additional funds through down payment assistance programs to reduce upfront costs.
• Flexible credit requirements: Benefit from more lenient credit criteria, making it easier for first-time homebuyers to qualify.
• Local expertise: Receive personalized guidance from a community bank that understands the specific needs of local homebuyers.

Who Qualifies for a WHEDA Loan?

WHEDA loans are designed to make homeownership possible for more Wisconsin residents. If you’re wondering whether you might qualify, here are the general guidelines:

• You’re buying a home in Wisconsin: WHEDA loans are available exclusively for properties located within the state.
• Your income and home price meet WHEDA limits: Eligibility varies by county and household size. WHEDA sets income and purchase price limits to keep these programs focused on affordable housing.
• You’re a first-time buyer — or purchasing in a target area: Most WHEDA programs are geared toward first-time homebuyers, but repeat buyers may also qualify when purchasing in specific target areas.
• You meet minimum credit and underwriting requirements: WHEDA offers flexible credit options, but most programs require a minimum credit score and a demonstrated ability to repay your loan responsibly.

Available Wisconsin Home Loan Programs:

WHEDA offers several loan programs designed to meet the needs of Wisconsin homebuyers — whether you’re purchasing your first home, buying again, or refinancing your current mortgage. Each option helps make homeownership more affordable with flexible terms and local support.

• WHEDA Advantage Conventional: A fixed-rate mortgage designed for low- to moderate-income borrowers. This program offers low down payment options and reduced mortgage insurance to make homeownership more attainable.
• WHEDA Easy Close DPA: An optional repayable second mortgage that provides funds for your down payment and closing costs, helping you get into your home with less cash upfront.
• WHEDA Capital Access DPA: A forgivable loan that offers down payment assistance for qualifying borrowers. This program is ideal for those who need extra support to reach their homeownership goals.

For more details on these programs, visit WHEDA.com or contact a Mortgage Lender.

Moving Homebuyers Forward

Our experienced team of mortgage lenders can help you get pre-approved for a WHEDA loan, ensuring you have a clear path to homeownership. By working with us, you’ll receive personalized support and expert advice tailored to your specific situation, making the journey to your new home as smooth and stress-free as possible. Let us help you take the first step toward securing a WHEDA loan and turning your homeownership dreams into reality.