Eligible Mortgage Insurers

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:

HFA Preferred Only: Loan amounts exceeding 80% LTV; MI Company overlays apply
*Total annual qualifying income is ≤ 80% AMI = Charter Level Coverage**	*Total annual qualifying income is > 80% AMI = Standard Coverage**
95.01 - 97% LTV = 18% coverage 90.01 - 95% LTV = 16% coverage 85.01 - 90% LTV = 12% coverage 80.01 - 85% LTV = 6% coverage 80% LTV and lower = Not required	95.01% - 97.00% = 35% coverage 90.01% - 95.00% = 30% coverage 85.01% - 90.00% = 25% coverage 80.01% - 85.00% = 12% coverage 80% LTV and lower = Not required

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.