What is WHEDA?

WHEDA is an acronym for Wisconsin Housing and Economic Development Authority. WHEDA was initiated to help low and moderate-income first-time homebuyers purchase their first home in Wisconsin. WHEDA loans are unique because you may qualify for no money down and reap the benefits of reduced-cost private mortgage insurance or no mortgage insurance.
  • 100% financing
  • Low down payment: Get into a home with as little as $1,000 in out-of-pocket expenses.
  • 30-year fixed rate at 97% purchasing price

  • You don't have to be a first-time homebuyer.
  • Borrowers must contribute $1,000 of their own funds.
  • Homebuyer education.
  • The property must be owner-occupied.

Is WHEDA the right choice for you?

Your home buying situation is unique and if you meet the requirements you may be eligible. Complete the short form to get started. From there, we will follow up and see if this is the right choice for you.