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  • Existing Homeowner Loan Programs

    • Disaster Relief Loan Program
    • Home Improvement Advantage
    • Refi Advantage
    Disaster Relief Loan Program

    Disaster Relief Loan Program

    • $2 million Disaster Relief Loan program for homeowners affected in the counties officially designated to receive individual assistance in the requested federal disaster declaration.
    • No interest (0% APR) loans of up to $10,000 for repairing homes damaged by the storms noted in the federal disaster declaration.
    • Loan will be forgiven after ten years so long as the Borrower still owns the property.

    Program Features 

    • Maximum loan amount per home is $10,000
    • No interest (0% APR) loan secured by a mortgage on the home  
      • Repayment due upon the sale of the home during the first 10 years.
      • Loan will be forgiven1 if not repaid within 10 years.

    1At the time of forgiveness, the amount forgiven may be considered taxable income.  Consult your tax professional.

    Program Guidelines

    • Funds must be used to repair damage caused by the federally declared disaster.
      • Repair or replace heating, electrical or plumbing systems, foundations and/or structural elements.
    • Homeowners with damages should save receipts and document damage by taking pictures.
    • Only eligible for loan after all insurance proceeds and available federal disaster aid and federal disaster loans have been used to repair damaged homes.

    Loan Eligibility Requirements

    • Owner-occupied single family home which serves as the principal residence of the owner, or residential structures of two to four units where one of the units must be owner-occupied and serve as the principal residence of the owner.
    • Total family income of the Borrower (income of ALL occupants of household over 18 years of age) cannot exceed 120% of county median income, as adjusted for family size;
    • The Borrower will be required to utilize all available insurance proceeds as well as pursue, accept, and utilize all available federal disaster aid and federal disaster loans prior to utilizing WHEDA loan proceeds; and
    • The Borrower will be required to document the use of WHEDA loan proceeds for eligible uses
    • Borrower must have a valid social security number.
    • Borrower must not be listed on the Wisconsin Child Support Lien Docket
    • Any existing mortgage liens and property taxes must be paid to date.

    How to Apply - Application Package

    To request an application package to be mailed to you, please contact 800-562-5546, email, or print this application package.

    Important Deadlines

    • Deadline to apply for FEMA and SBA assistance is December 17, 2018
      • Borrowers who do not apply for federal aid prior to the scheduled deadlines will be deemed ineligible for WHEDA’s Disaster Relief program.
    • Deadline to apply for WHEDA Disaster Relief loan is February 16, 2019

    How to get Information from WHEDA

    Homeowners interested in applying for a WHEDA Disaster Relief Loan can call 1-800-562-5546 or email questions to


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    Home Improvement Advantage

    Home Improvement Loan Advantage Program

    Looking for an easy, affordable loan to improve your home? With the WHEDA Home Improvement Advantage loan you can borrow up to $15,000 to improve the quality and value of your home for years to come!


    • A low-cost, fixed interest rate for 15 years allows you to fit your loan payment into your budget.
    • Closing costs can be paid from the loan proceeds. You do not have to save any additional money to enter into the loan transaction.
    • Minimal paperwork makes the application process quick and easy for you and your lender.
    • No prepayment penalty.


    • No late mortgage payments in the past 6 months
    • A credit score of 620 or better
    • Total mortgage debt cannot exceed 110% of value
    • Household must meet WHEDA Home Improvement Advantage income limits  


    • Additions and remodeling projects
    • Home repairs, including repairs to make a home handicap accessible
    • Energy updates that are permanent in nature
    • Energy Star appliances


    • Do your remodeling homework – Visit the National Association of the Remodeling Industry (NARI) to get remodeling ideas, locate contractors and find important tips to ensure your remodeling project runs smoothly.
    • Find the best price for quality work – Get bids for the planned improvements. DO NOT start the work until your home improvement loan from WHEDA has been approved.
    • Contact a WHEDA lender – Talk to a participating WHEDA lender to begin the loan application process.
    • Get the WHEDA Home Improvement Advantage – Based on your work estimates, your lender will complete the loan application and send it to WHEDA for approval.


    Refi Advantage

    WHEDA Refi Advantage Loan Program

    The WHEDA Refi Advantage is an exclusive mortgage refinance product designed specifically to make home ownership more affordable for borrowers who currently have a WHEDA loan. Available August 30, 2013, the Refi Advantage will allow eligible homeowners to refinance their mortgage with as little as 3% equity in their home.

    As with most refinance programs on the market, the Refi Advantage will only be accessible to homeowners who are current with mortgage payments, have a good standing mortgage payment history and have a strong overall credit profile. Other eligibility criteria will apply at the time an application is submitted. 

    Features of the Refi Advantage include

    • Qualify with as little as 3% equity
    • Closing costs can be added into the mortgage
    • Access the Easy Close Advantage down payment assistance loan up to a 105% combined loan-to-value
    • Get cash back in the amount of the lesser of 2% of the new loan amount or $2,000
    • No mortgage insurance option

    *IMPORTANT* Please note that borrowers will NOT be eligible if one or more of the following applies:

    • Property is a condominium
    • Property is a manufactured home
    • Credit score less than 620
    • Bankruptcy or foreclosure during current loan term
    • Property is currently listed "For Sale"
    • Payment of real estate taxes more than 60 days delinquent
    • Current loan was modified within the last 24 months