WHEDA FHA Advantage Program

WHEDA FHA Advantage Program This Wisconsin down payment program is a 30 year fixed interest rate loan offered through WHEDA’s network of FHA lenders. This loan requires no minimum Wisconsin borrower contribution and has low closing costs. Wisconsin borrowers must have a credit score over 620 and must be able to provide a minimum 2 year work history proving the ability to incur debt. This Wisconsin down payment program can be paired with Wisconsin down payment assistance, and is not exclusive to first time home buyers but cannot be used for refinancing.

WHEDA Advantage Program

WHEDA Advantage Program The WHEDA Advantage is a 30 year conventional fixed rate loan, offered through Wisconsin’s network of lenders, which is not exclusive to first time home buyers, but is exclusive to a first mortgage (no refinancing). While there are income limits and loan limits, WHEDA states that they have tried to make the limits higher than normal to allow more Wisconsin borrowers to participate. This Wisconsin down payment program can be paired with Wisconsin down payment and closing cost assistance.