WHEDA Advantage FHA Loan

Administered by: Wisconsin Housing and Economic Development Authority (WHEDA) · State · Government-Insured Mortgage

Funding status: Active

How much assistance

Low down payment first mortgage (3.5% down) (Government-Insured Mortgage)

Income limits: Varies by county and household size. Income and purchase price limits apply.
First-time buyer required: Yes — Must not have owned a home in the past 3 years, unless purchasing in a targeted area.
Geographic restrictions: Must purchase within Wisconsin.
Homebuyer education required: Yes

Step 1: Apply through a WHEDA-approved lender. Complete required homebuyer education course.

30-year fixed-rate FHA mortgage. Can purchase single-family homes, 2-unit properties, and HUD-approved condos.