Affordable Wisconsin Home Financing Starts Here
WHEDA loans can help eligible Wisconsin buyers purchase a home with low down payment options, possible down payment assistance, reduced mortgage insurance, and local guidance from FVSBank.
What is a WHEDA loan?
WHEDA is short for Wisconsin Housing and Economic Development Authority. A WHEDA loan is a Wisconsin mortgage program designed to make homeownership more affordable for eligible buyers. It may offer competitive rates, low down payment options, and access to down payment assistance programs.
Why Buyers Like WHEDA Loans
Low Down Payment
Buy with less upfront cash
Down Payment Assistance
WHEDA DPA programs may help cover upfront costs.
Reduced Mortgage Insurance
Lower mortgage insurance may help reduce monthly payments.
Fixed-Rate Stability
Predictable payments make budgeting easier.
Flexible Guidelines
Designed to help more Wisconsin buyers qualify
Is a WHEDA Loan Right for You?
You may be a good fit if you:
- Are buying a home in Wisconsin
- Plan to live in the home as your primary residence
- Meet WHEDA income and purchase price limits
- Want to explore down payment assistance
- Are a first-time buyer or haven’t owned a home in the past three years.
*Income and purchase price limits apply, and down payment assistance options vary by program.
WHEDA Programs Available Through FVSBank
WHEDA Advantage Conventional Loan
A low down payment mortgage option with reduced mortgage insurance, subject to eligibility requirements.
Learn MoreWHEDA Easy Close DPA
A down payment assistance loan that may help with upfront costs. This program is used with a WHEDA first mortgage.
Learn More
Do I have to be a first-time homebuyer?
Not always. Some WHEDA programs are designed for first-time buyers, but eligibility can depend on the loan type, location, and your situation.
Can WHEDA help with my down payment?
Yes, eligible buyers may be able to use WHEDA down payment assistance with a WHEDA first mortgage.
Is homebuyer education required?
WHEDA first-time homebuyers are required to complete approved homebuyer education classes for certain situations, and buyers should confirm requirements with their FVSBank lender.
Can I use WHEDA for any home?
The home must generally be in Wisconsin and used as your primary residence.
How do I know if I qualify for a WHEDA loan?
The easiest first time is to talk with a local FVSBank mortgage lender.
Ready to see if a WHEDA loan could work for you?
Buying a home can feel overwhelming, but you don’t have to figure it out alone. Our local mortgage team can help you understand your options, estimate what may fit your budget, and walk you through the next step.
Meet Our Local Lenders
*loan approval, program eligibility, rates, terms, and down payment assistance are subject to WHEDA and lender guidelines.