WHEDA Loan

WHEDA Mortgage Loans are underwritten to guidelines set forth by the State of Wisconsin, Fannie Mae, and FHA.

This State of Wisconsin affordable lending solution is designed to help first time home buyers, Veterans, and low to moderate income families achieve homeownership. The loan program provides purchase money mortgages at below market interest rates with little or no money required to close.

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Who can get a WHEDA Loan?

The best WHEDA programs are for first time home buyers and Veterans with annual household income below the area median income limit. It will provide financing on 1-4 unit residential properties to be used as primary residences. To qualify for a WHEDA loan, you’ll need a minimum 620 credit score and maximum debt to income ratio of 45% (exceptions made up to 50% with compensating factors). The little or no money down offerings are typically only approved with a minimum credit score of 720.



Benefits WHEDA Loans::

  • Buy a home with little or no money down

  • Below market 30 fixed rates available for first time home buyers and Veterans

  • Reduced Mortgage Insurance (PMI) available

  • Clients with a previous bankruptcy can qualify 2-4 years after discharge

  • Clients with a previous foreclosure can qualify 3-7 years after Sheriff’s Deed Transfer

Helping First-Time Home Buyers & Homeowners Across Wisconsin

At Educated Mortgage Services, we provide expert mortgage solutions for first-time home buyers and all home purchasers across Wisconsin. Whether you’re looking for a low down payment option through WHEDA’s first-time home buyer programs or a conventional loan, we offer tailored financing solutions to meet your needs.

WHEDA loans provide affordable pathways to homeownership with down payment assistance and competitive rates, making it easier for first-time buyers to transition from renting to owning. Additionally, we offer conventional, FHA, VA, and jumbo loan options for those looking to refinance or purchase a new home.

Below are some of the cities we serve, but we aren't limited to these locations: