The WHEDA Advantage has a lower interest rate and lower monthly payments than most conventional loan products. Special underwriting guidelines and mortgage insurance premiums are available through WHEDA-approved mortgage insurance (MI) providers.
When submitting applications to the MI company, be sure to properly identify the application as a WHEDA loan. This will ensure the MI company uses the correct underwriting guidelines and applies the correct pricing. Coverage requirements are:
The following mortgage insurance partners are eligible for the WHEDA Advantage. By clicking on the partner links below you will be able to access premium rates and how to submit a loan application package for approval. If you have questions, please contact your local mortgage insurance account manager for more details.
Arch Mortgage Insurance Company - Banks and Mortgage Brokers
Arch Mortgage Insurance Company - Credit Unions
Essent Guaranty Inc.
Genworth Mortgage Insurance Corporation (Genworth)
Mortgage Guaranty Insurance Corporation (MGIC)
National Mortgage Insurance Corporation
Radian Guaranty, Inc.