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WHEDA Loans

What are WHEDA Loans?

WHEDA is a government backed loan program that offers Wisconsin residents an opportunity to acquire a low cost, fixed rate mortgage with reduced or No Private Mortgage Insurance.

 

What are the WHEDA Down Payment Requirements?

For Purchase transactions WHEDA Loans require the home-buyer to put down at least 3.0% of the purchase price of the home. Although, down payment assistant programs are available. wheda

WHEDA Advantages:

  • Closing Costs can be paid by the seller
  • Flexible Qualifying Guidelines
  • Down Payment as low as 3.0%
  • Down Payment can be a gift from a relative, grants and a Down Payment Assistance (DPA) loan.

For additional questions regarding the WHEDA loan program please contact one of our mortgage professionals for more details, eligibility and availability.

Commonwealth Mortgage is not acting on behalf of, or at the direction of HUD/FHA, VA, USDA, WHEDA, or the Federal Government.

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