down pay

Down Payment Assistance

Down payment assistance is a great resource to help first-time home buyers get into a home sooner. Check out the unique down payment options with the WHEDA Advantage. Also see your local home buyer counseling agency to learn about other grant options that may be available. Remember, many down payment assistance grants are only available for a limited time.

Easy Close
Advantage
Credit
Counselors

Looking for help with your down payment and closing costs? When you qualify for a WHEDA Advantage mortgage, you may also qualify for the Easy Close Advantage. This $3,000 loan for 10 years is designed to help you pay for down payment, closing costs and home buyer education expenses.

Features and Benefits

  • An exclusive offer. Designed specifically for WHEDA Advantage customers to help first-time home buyers get into a home sooner.
  • A low-cost, fixed interest rate for 10 years. This loan term combined with a fixed interest rate ensures your loan payments are affordable, approximately $34 a month.
  • Immediate access to loan funds at the time of closing. You qualify for the Easy Close Advantage at the same time you qualify for a WHEDA Advantage mortgage, making the process quick and easy.
  • Free access to educational resources. You can access home buyer education and credit counseling from WHEDA’s trusted network of partners to help ensure your future success as homeowners.

Program Requirements

  • First-time home buyers must use a WHEDA Advantage mortgage to be eligible for the Easy Close Advantage.
  • Borrowers must contribute a minimum of $1,000 into the WHEDA Advantage mortgage loan transaction.
  • Face-to-face home buyer education is required.
  • Income and credit guidelines do apply.

Visit with a WHEDA Advantage lender to understand how the Easy Close Advantage can help get you into a home sooner. Review the WHEDA Easy Close Advantage promotional flyer to learn more program specifics.

Where to Start?

Contact a participating lender to learn more about WHEDA loan product options and interest rates.