WHEDA Easy Close Advantage DPA
Wisconsin Housing and Economic Development Authority offers WHEDA Easy Close Advantage DPA to home buyers in Wisconsin: up to 6% of the price, as a repayable loan.
- Amount
- Up to 6% of the price
- Kind of help
- Repayable loan
- First-time buyers only
- No
How is WHEDA Easy Close Advantage DPA paid back?
Repayable loan: repaid monthly over 10 years at the same interest rate as the first mortgage.
A repayable loan is a small second mortgage you pay off each month, usually in the same payment as your main home loan.
Who qualifies for WHEDA Easy Close Advantage DPA?
- Your household income limit is set by your WHEDA main home loan.
- You don't have to be a first-time buyer.
- It comes with a WHEDA Advantage Conventional or WHEDA Advantage FHA first mortgage.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for WHEDA Easy Close Advantage DPA
- Wisconsin Housing and Economic Development Authority pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Wisconsin Housing and Economic Development Authority's page for WHEDA Easy Close Advantage DPA, or pick a lender from the agency's list of participating lenders.
Ask a lender about WHEDA Easy Close Advantage DPA
Tell us where you're buying and a lender that works with Wisconsin's programs can tell you whether WHEDA Easy Close Advantage DPA fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Wisconsin
- WHEDA Capital Access DPA: up to $7,500, deferred loan.
All Wisconsin first-time home buyer programs · Down payment assistance in every state