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  • Home Buyers - Getting Started

    Buying a home is one of the biggest, most exciting decisions you’ll ever make. Let WHEDA guide you toward your future home. Click here to download the Six Steps to a WHEDA Loan flyer.

    Six Steps to a WHEDA Loan

    STEP 1
    Manage Money

    Have your finances in order before applying for a loan. Know your credit score, as most of WHEDA's programs require a minimum credit score of 620.

    STEP 2

    Contact a WHEDA Participating Lender. Our mortgage lender partners look at your monthly income, credit history and debt level to qualify you for a WHEDA loan that best fits your needs.

    STEP 3

    WHEDA has loan programs tailored to your individual needs, whether you are purchasing, refinancing, a first-time, or repeat buyer.

    STEP 4
    Home Buyer Education

    Get educated! First-time borrowers using a WHEDA loan are required to take a home buyer education class. Learn about the buying process, financing options, and being a responsible homeowner.

    STEP 5

    Get preapproved! Finding out how much house you can afford narrows your search saving you time. After preapproval, you can work with a qualified real estate professional to find a home in your target neighborhood and price range.

    STEP 6

    Congratulations! Closing is done, you are now officially a homeowner! Let WHEDA’s Loan Servicing Team help you manage your WHEDA loan account via phone at 800-562-5546 or email at