Get Help With Your Down Payment
If you’re looking for down payment assistance in Wisconsin, you’re in luck. The Wisconsin Housing and Economic Development Authority (WHEDA) offers aid for first time property purchasers who need help coming up with the funds for the down payment.
From the WHEDA website:
Looking for help with your down payment and closing costs? When you qualify for a WHEDA Advantage mortgage, you may also qualify for the Easy Close Advantage. This loan for 10 years is designed to help you pay for down payment, closing costs and home buyer education expenses.
FEATURES AND BENEFITS
- An exclusive offer. Designed specifically for WHEDA Advantage customers to help home buyers get into a home sooner.
- A low-cost, fixed interest rate for 10 years. This loan term combined with a fixed interest rate ensures your loan payments are affordable.
- Immediate access to loan funds at the time of closing. You qualify for the Easy Close Advantage at the same time you qualify for a WHEDA Advantage mortgage, making the process quick and easy.
- Free access to educational resources. You can access home buyer education and credit counseling from WHEDA’s trusted network of partners to help ensure your future success as homeowners.
Home buyers must use a WHEDA Advantage mortgage to be eligible for the Easy Close Advantage.
Income and credit guidelines do apply.
To get complete details and to start the application process, visit the WHEDA webpage.
More Wisconsin Down Payment Assistance
In addition to the statewide Wisconsin down payment assistance, you should also check to see if there are local DPA programs offered in Wisconsin that provide additional help that can be applied toward your down payment.