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WHEDA Easy Close Advantage DPA

Wisconsin Housing and Economic Development Authority offers WHEDA Easy Close Advantage DPA to home buyers in Wisconsin: as much as 6% of what the home costs, as a repayable loan.

Amount
As much as 6% of what the home costs
Type of help
A loan you pay back
Only first-time buyers
No

You pay it back monthly over 10 years, with the same interest rate as your first home loan.

With a repayable loan, you get a small second mortgage and make monthly payments, most often combined with the bill for your main home loan.

WHEDA Easy Close Advantage DPA: who qualifies?

  • The WHEDA main home loan sets your household's income limit.
  • Being a first-time buyer isn't required.
  • It's paired with a first mortgage, either WHEDA Advantage Conventional or WHEDA Advantage FHA.

In most cases, your county and household size determine the limits. Use our HUD income limits tool to see your area's median income and how your household compares.

Steps to apply for WHEDA Easy Close Advantage DPA

  1. The help is paid out through lenders approved by Wisconsin Housing and Economic Development Authority. You apply with one of them alongside your mortgage.
  2. Before reserving the money for you, the lender checks your credit, your income and the home to see they meet the program's rules.
  3. At closing, the help goes toward your down payment and your closing costs.

On Wisconsin Housing and Economic Development Authority's page for WHEDA Easy Close Advantage DPA you can read the full rules and see if applications are open, or choose a lender using the agency's participating lender list.

WHEDA Easy Close Advantage DPA: ask a lender

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.

Call 866-602-7460

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When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

More programs for first-time buyers in Wisconsin

Every Wisconsin first-time home buyer program · Down payment assistance across every state