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  • Mortgage Lending - Getting Started

    For over 40 years, WHEDA has helped more than 118,000 home buyers in Wisconsin realize their dreams. We achieve this with unique mortgage products designed to expand what's possible for our partners and the families they serve.

    Features and Benefits:

    • Multiple loan options including Conventional, No Mortgage Insurance (MI) and FHA products
    • Preferred interest rate option for eligible first-time home buyers
    • Exclusive Mortgage Credit Certificate (MCC) program for eligible borrowers
    • No loan-level price adjustments
    • Down payment and closing cost assistance (DPA) loans
    • No borrower minimum investment required – gifts, grants, and DPA loans are accepted
    • Reduced MI costs n Multiple channel options available including Broker, Correspondent and Mini-Corr
    • Quick turnaround times for rate locks, underwriting and loan funding
    • Manual underwriting available
    • Live lender support from WHEDA’s origination team
    • Local loan servicing by a non-retail competitor

    We work every day to make our advantage your advantage – the WHEDA Advantage. Certain program restrictions and eligibility requirements apply.

    Getting Started with WHEDA

    Lender Training

    Lender Updates

    • 2020 Updates
    • 2019 Updates
    • 2018 Updates
    • 2017 Updates
    • 2016 Updates
    2020 Updates
    2020.04WHEDA Advantage Conventional COVID-19 Guidance; Tax Transcripts; Resources - Staff Roster and Important Numbers
    2020.03WHEDA Advantage Conventional COVID-19 Guidance; Post Closing Outstanding Document Report - Fees; Resources - Staff Roster and Important Numbers
    2020.02FHA Updates
    2020.01Rural Closing Cost Credit - Discontinued! 
    2019 Updates
    2019.15Lender Update 2019-15 Rural Closing Cost Credit: Extended and New Income Limits!
    2019.14Taxpayer First Act Compliance Requirements; FHA HRAP Approved Condominium Process - Form Correction! 
    2019.13Annual Real Estate Tax Disclosure on CD for Loans Closing Dec 1, 2019 and After; Conventional Program Changes per Fannie Mae Selling Guide Update 2019-08; FHA Updates and Changes
    2019.12Important Lender Update on Security Incident
    2019.11 WHEDA Advantage Conventional Updates; Updated Resources
    2019.10WHEDA Advantage Conventional Updates; New Application Package Checklist and Closing Package Checklist; Updated Resources
    2019.09Closing Cost Credits
    2019.08WHEDA Advantage FHA & WHEDA DPA Programs; New Capital Access Income and Purchase Price Limits; Revised Staff Roster
    2019.07New Income & Purchase Price Limits 
    2019.06FHA Update; Conventional Update
    2019.05Changes to Capital Access DPA Income and Purchase Price Limits
    2019.04New Purchase Price Limits; Advantage Conventional Update; Advantage FHA Update; Revised Staff Roster
    2019.03HomeStyle® Renovation; New Net-Worth Requirements for WHEDA Approved Lenders; Mini-Correspondent Channel
    2019.02Advantage Conventional Underwriting Guide Updates; Advantage FHA Underwriting Guide Updates; Down Payment Assistance Clarification; New Advantage FHA Matrix. 
    2019.01Advantage Conventional HomeStyle® Renovation Loan Originator Certification Requirements; Tax Transcripts.
    2018 Updates
    2018.17WHEDA Advantage FHA minimum credit score; New Conventional and FHA Loan Limits; Tax Transcripts during government shutdown
    2018.16Annual Real Estate Taxes; Principal Reductions and New Funding Request; Rental Income from other Real Estate Owned; Uniform Closing Dataset (UCD)
    2018.15Up to $1250 Closing Cost Credit for Distressed Properties!
    2018.14Introducing the latest addition to WHEDA’s Advantage Conventional Program - HomeStyle® Renovation
    2018.13 Conventional Updates; HBE Clarification
    2018.12WHEDA Conventional Updates; WHEDA Easy Close Updates
    2018.11Form Updates
    2018.10Changes to Capital Access
    2018.9WHEDA Advantage Conventional Updates; Policy and Procedure Update; Updated Single Family Roster
    2018.8WHEDA Advantage New Income Limits; Tips & Tricks
    2018.7 WHEDA Advantage Conventional Updates; Forms Update; Tips & Tricks
    2018.6 WHEDA Advantage Conventional Updates; Tips & Tricks
    2018.5Capital Access Advantage Down Payment Assistance
    2018.4 WHEDA Advantage Conventional Updates
    2018.3 Policy and Procedure Updates; Preapproval Certificates Now Available; Updated Single Family Staff Roster
    2018.2WHEDA Advantage Conventional Updates
    2018.1WHEDA-Connect Changes; Coming Soon
    2017 Updates
    2017.33WHEDA Tax Advantage is Back!
    2017.32New Conventional and FHA Loan Limits
    2017.315 WHEDA $1500 Closing Cost Credits remain with extended closing date
    2017.30WHEDA Tax Advantage – Mortgage Credit Certificates (MCC)
    2017.29DACA - Deferred Action for Childhood Arrivals
    2017.28WHEDA $1500 Closing Cost Credit – Only 15 credits remaining
    2017.274% Interested Party Contributions (IPC) Update; Repair/Improvement Escrow  - Rolling Repairs into the Loan - suspended 
    2017.26Frozen Credit Reports; Previous WHEDA Foreclosure, Deed-in-Lieu or Short Sale
    2017.25WHEDA Connect
    2017.242017 Annual Real Estate Taxes and Submission of Closing and Trailing Documents
    2017.23Closing Cost Credit Offer Extended
    2017.22Uniform Closing Dataset; Conventional and FHA Closing Package Checklist Revisions
    2017.21Conventional Debt-to-Income Radio Update; Conventional Guide Updates
    2017.20Early Registration and Hotel Room Discount for Wisconsin Homeownership Conference Ends September 3rd
    2017.19Uniform Closing Cost Dataset .XML File Required for Conventional; FHA Settlement Certification Form; Mortgage Electronic Registration System (MERS) Requirements
    2017.18 New Track of Topics and Speakers Added to Wisconsin Homeownership Conference
    2017.17Uniform Closing Dataset (UCD) is Coming September 25, 2017
    2017.16Coming Soon: WHEDA Single Family Homeownership Conference 2017
    2017.15Accepting Reservation Requests Beginning Monday, July 3rd for the WHEDA Closing Cost Credit up to $1,500
    2017.14Revised Policy for Trailing Documents; Correction: Closing Interest on First Mortgage and Easy Close Loan; FTHB and VALOR Loans Combined Pricing; Revised Hazard Insurance Maximum Deductible
    2017.13Updated Capital Access Income and Purchase Price Limits
    2017.12Closing Cost Credit
    2017.11New Income Limits; Closing Interest on the First Mortgage and Easy Close Loans
    2017.10Valor Program, Conventional Guide Updates, Changing the Information of a Locked Loan 
    2017.09Single Family Announces Staffing, Departmental, and Procedural Changes 

    Conventional Product Matrix Updated

      2017.07 New 2017 Income and Purchase Price Limits
    2017.06 Know the Key Differences Between Capital Access and Easy Close Down Payment Assistance (DPA)
    2017.05Easy Close Payment Due Date Change; Underwriting Guide Updates; more
    2017.04New Program - Capital Access Advantage
    2017.03Capital Access Advantage - Down Payment Assistance
    2017.02Happy Retirement to Cindy Jenson
    2017.012017 Loan Limits Increase
    2016 Updates
    2016.14 Wisconsin Mortgage Form 3050
    2016.13Conventional and FHA overlay Grid Revisions; New WI Security Agreement; Conventional Loan Limit changes; WHEDA Form revisions
    2016.13Submission of Post Closing Trailing Documents
    2016.12Home Improvement Advantage
    2016.11Mortgage Credit Certificate (MCC) Program Updates; MCC Forms and Exhibits 
    2016.102016 Household Income and Purchase Price/Loan Limit; Conventional Guide & Matrix Updates
    2016.9Policy & Procedure Manual Update 
    2016.8TRID - Common Findings
    2016.7WHEDA-Connect Guide Updated
    2016.6 Revised Income Limits for all WHEDA Programs - Effective June 10, 2016
    2016.5WHEDA Madison Office Temporary Closing 
    2016.4Conventional Program Updates; Easy Close Update; FHA Program Updates; Coming Soon
    2016.3Loan Funding Change 
    2016.2WHEDA’s New Website; WHEDA 2016 Home Ownership Conference
    2016.12015 Year in Review