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Wisconsin program

WHEDA Advantage Conventional or FHA with Easy Close DPA

Wisconsin route through Wisconsin Housing and Economic Development Authority (WHEDA). This page stays free for the core public facts. Open paid access only when you need the full state board, related paths, and the decision layer around this program.

Deferred second mortgage Check official rules 2026-04-19
Agency Wisconsin Housing and Economic Development Authority (WHEDA)
Support type Deferred second mortgage
Amount highlight When paired with a WHEDA first mortgage, Easy Close down payment assistance can reach up to 6 percent of the purchase price, subject to WHEDA program limits.
Last verified 2026-04-19

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Choose FHA or Conventional first

This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.

WHEDA publishes multiple first-mortgage tracks and more than one DPA option. This page focuses on the Advantage first mortgages paired with Easy Close.

Decision-ready public facts

What stays free on this program page

Quick answer from published facts. Use this first, then jump to Go to Wisconsin program hub if you need the wider state context.

Amount

When paired with a WHEDA first mortgage, Easy Close down payment assistance can reach up to 6 percent of the purchase price, subject to WHEDA program limits.

Type

Deferred second mortgage

Second mortgage with monthly payment

Repayment

WHEDA says Easy Close is a 10-year fixed-rate second mortgage with monthly payments. The interest rate matches the WHEDA first mortgage.

First-time buyer

Not required

Program guide

What to know before you click through

This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.

Who qualifies?

Wisconsin homebuyers purchasing a property in Wisconsin, Borrowers using a WHEDA Advantage Conventional first mortgage, Borrowers using a WHEDA Advantage FHA first mortgage, Buyers who will owner-occupy the property for the life of the WHEDA loan

What support do you get?

When paired with a WHEDA first mortgage, Easy Close down payment assistance can reach up to 6 percent of the purchase price, subject to WHEDA program limits.

Do you repay it?

WHEDA says Easy Close is a 10-year fixed-rate second mortgage with monthly payments. The interest rate matches the WHEDA first mortgage.

How do you apply?

Work with a certified WHEDA approved lender, choose the WHEDA Advantage Conventional or FHA first mortgage path, and have the lender reserve Easy Close down payment assistance alongside the first mortgage.

Application timing

The lender may lock after a complete application and accepted offer; WHEDA confirms locks the same day if requested before 5:00 p.m. CT, otherwise next business morning, requires locking at least 7 business days before closing, and funds Easy Close with the related WHEDA first mortgage at closing.

Official source evidence

The official WHEDA Available Programs page says Advantage Conventional and Advantage FHA are statewide 30-year fixed first mortgages, do not require the buyer to be a first-time homebuyer, and can pair with Easy Close down payment assistance up to 6 percent of the purchase price. WHEDA says Easy Close is a 10-year fixed-rate second mortgage with monthly payments.

View official source

Last verified

2026-04-19

Effective date not captured.

Paid preview

What paid access adds for WHEDA Advantage Conventional or FHA with Easy Close DPA

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Comparison preview

WHEDA Advantage Conventional or FHA with Easy Close DPA

Amount: When paired with a WHEDA first mortgage, Easy Close down payment assistance can reach up to 6 percent of the purchase price, subject to WHEDA program limits.

Repayment: WHEDA says Easy Close is a 10-year fixed-rate second mortgage with monthly payments. The interest rate matches the WHEDA first mortgage.

First-time buyer: Not required

Timing: The lender may lock after a complete application and accepted offer; WHEDA confirms locks the same day if requested before 5:00 p.m. CT, otherwise next business morning, requires locking at least 7 business days before closing, and funds Easy Close with the related WHEDA first mortgage at closing.

Risk checks preview

What gets flagged before you call a lender

  • WHEDA Advantage Conventional or FHA with Easy Close DPA requires a participating lender.
  • WHEDA Advantage Conventional or FHA with Easy Close DPA must be paired with a specific first mortgage.

Lender questions preview

Questions tied to this exact path

  • Is your team approved to originate WHEDA Advantage Conventional or FHA with Easy Close DPA for this household and loan setup?
  • Which first-mortgage product must be paired with WHEDA Advantage Conventional or FHA with Easy Close DPA, and what breaks eligibility?

Action checklist preview

What you would do next

  • Review the official WHEDA Available Programs page for WHEDA Advantage Conventional or FHA with Easy Close DPA
  • Ask whether your lender is approved for this exact program and loan structure.
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Paid research preview

What paid research already covers in Wisconsin

Paid research already tracks city and county programs, employer-assisted paths, specialty and conditional paths for Wisconsin.

6 tracked deeper records

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What unlocks after payment

Specific program names, source notes, current-vs-conditional judgments, and the next lender or agency questions tied to this state.

1 tracked

city and county programs

City and county down payment or closing-cost programs that never make it into the free statewide layer.

1 tracked

employer-assisted paths

Employer-linked housing incentives and workforce programs that matter only if they fit your job or agency.

4 tracked

specialty and conditional paths

Conditional, paused, or specialty paths worth checking before you assume the state is a dead end.

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What paid access adds after the free facts

This page stays free for public facts. Paid access turns this program into a shortlist item, a related-path decision layer, risk checks, lender-call prep, and a next-step queue.

If the public facts still look relevant, paid access is where you decide whether this path is stronger than your fallback and what to do next.

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Full state board

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