30-year fixed rate with no PMI. Works on single-family and 2-4 unit properties. Pairs with DPA.
WHEDA's Advantage Conventional program provides a unique benefit: no private mortgage insurance on multi-unit properties. Standard conventional loans require PMI when the down payment is less than 20%, but WHEDA's program waives this requirement.
For house-hackers purchasing duplexes or triplexes in Milwaukee, Madison, or other Wisconsin cities, eliminating PMI saves $100-300 per month. Combined with rental income from the other units, this makes multi-unit ownership dramatically more affordable.
No PMI on 2-4 unit purchase saves $200-400/month vs conventional.
We'll show you how to combine WHEDA Advantage Conventional with other programs to maximize your free money — personalized to your ZIP code and income.