Wisconsin · Second mortgage

WHEDA Easy Close DPA

Up to 6% of price, repaid over 10 years

Up to 6% of purchase price as 10-year fixed-rate second mortgage. Same rate as first mortgage.

WHEDA Easy Close provides 6% of the purchase price in DPA — one of the highest percentage-based programs in the Midwest. On a $250,000 home, that's $15,000 covering the full FHA down payment plus closing costs.

AmountUp to 6% of price, repaid over 10 years

TypeSecond mortgage

Available inWisconsin

First-time buyer requiredYes

Minimum credit score620

Multi-unit eligibleYes — 1-4 units

House-hack eligible

2-4 unit properties eligible. 6% covers most down payments on multi-family.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

WHEDA Capital Access DPA 3% at 0%, no payments for 30 years

Wisconsin · Deferred 0% loan

WHEDA Advantage Conventional Below-market rate + no PMI + DPA eligible

Wisconsin · Subsidized loan

WHEDA Tax Advantage (MCC) Annual tax credit on mortgage interest

Wisconsin · Annual tax credit

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