(414) 810-4569 jbucio@waterstonemortgage.com Joshua Bucio, NMLS #286333

WHEDA Home Loan Program

First time home buyer program in Wisconsin

The WHEDA home loan program is becoming popular among first time home buyers in Wisconsin, because it has the smallest down payment required among all home loans, besides no down payment programs. WHEDA is only available in Wisconsin, so this makes it very unique for our state and home buyers looking to buy in Wisconsin.

Here are some details of a WHEDA home loan:

  • The minimum down payment required is only 3% of the property purchase price.
  • Assistance with the down payment and closing costs. Basically, you can take out an additional loan to fund the 3% down payment and costs of the home loan. Keep in mind, WHEDA requires you to have $1000 into the transaction.
  • Local loan servicing by WHEDA. They do not sell their mortgage servicing in the secondary market.
  • Interest rates are very low, especially since they only require a small down payment.
  • The PMI payment is usually the lowest among all programs, even a conventional home loan.
  • There is a special tax advantage to qualified borrowers.

The WHEDA home loan is truly one of the best programs available for first time home buyers, especially in Wisconsin, because it’s only for Wisconsin.

We really encourage you to get yourself pre-qualified with this program, before getting to far into looking at homes you want to buy. Sellers today are looking for serious buyers and a serious buyer has a pre-qualification letter ready. Learn about the importance of a pre-qualification letter.

We have an online application that is very secure with your information and very easy to use. It comes directly to us and your information is never sold. We can issue you a pre-qualification letter in 24-48 hours, after receiving all your information.

Here is the direct link to the online application: Secure Online Application

If you are not comfortable with an online application, that’s ok! Feel free to call us at the office, 414-801-4569, and we can go over the application and questions on the phone.

Working with Waterstone Mortgage

  • We put YOU first.
  • Waterstone Mortgage offers some of the most competitive rates in the Nation!
  • Fast and efficient, we close most of our loans in 30 days or less.
  • We offer a variety of loans. Waterstone Mortgage will find you the loan that is right for you!!!
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