mortgages

WISCONSIN NEIGHBORHOOD ADVANTAGE

The house costs less, the closing fees cost less and the monthly payments cost less, too! Those are just a few reasons why home buyers have been using WHEDA’s Wisconsin Neighborhood Advantage loan. Learn more about this loan and if you qualify below!

The Wisconsin Neighborhood Advantage loan is available in select Wisconsin areas for the purchase of foreclosed and vacant homes. The loan can be used to purchase a foreclosed and vacant single family home as well as pay for limited home repairs. Click here for a quick overview of the Wisconsin Neighborhood Advantage home buying process.

This loan is available for properties in the following counties:

Brown Kenosha Milwaukee Racine Rock

FEATURES AND BENEFITS

GENERAL ELIGIBILITY GUIDELINES

For program specifics and a guide on what you need to consider when buying a foreclosed property, reference the Neighborhood Advantage product flyer.

Wisconsin Neighborhood Advantage is not funded by WHEDA Tax Exempt Mortgage Revenue Bonds.  It is a limited offering made possible by funding from the Wisconsin Department of Commerce and the Neighborhood Housing Services of America.  Loans are available on a first come, first served basis.

Rates
as of
Rates subject to change daily

WHEDA Fannie Mae Advantage
   • Over 80% LTV Rate: 5.750%     APR: 5.938%
   Est. P&I:  $583.57
 
   • 80% LTV & below Rate: 5.400%    APR: 5.584%
   Est. P&I:  $561.53
    Click here for Estimated Closing Costs
WI Neighborhood Advantage
   • 30 day closing - Rate: 6.375%     APR: 6.672%
   Est. P&I:  $623.87
    Click here for Estimated Closing Costs
Home Improvement Advantage
   • Rate: 8.000%     APR: 8.119%
   Est. P&I:  $121.33
    Click here for Estimated Closing Costs