Wisconsin First-Time Home Buyer Programs of 2021

NerdWalletJanuary 1, 2021

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Buying a first home can be intimidating, but the Wisconsin Housing and Economic Development Authority, or WHEDA, offers programs to make it easier for first-time home buyers.

For the WHEDA programs, a first-time home buyer is considered to be someone who has not owned a home in the past three years. Qualified veterans and people buying in lower-income federally designated target areas can qualify for these programs, too.

National first-time home buyer programs

For residents in all 50 states, these national loan programs allow low and sometimes even no down payments.

WHEDA first-time home buyer programs

Programs offered by the Wisconsin Housing and Economic Development Authority, or WHEDA, can apply to first-time home buyers and in some cases to repeat buyers. Some programs allow borrowers to accept down payment assistance. There are income limits as well as limits on loan amounts or purchase prices.

WHEDA highlights and eligibility requirements


  • 30-year fixed-rate mortgages for first-time home buyers, repeat buyers and veterans.

  • Down payment and closing cost assistance available; income limits apply.


  • Minimum 620 credit score, in most cases.

  • Home buyer education required for most programs.

Your next step

You know the basics of first-time home buyer programs available in Wisconsin. If you want to dig into the specifics, visit the WHEDA website.

WHEDA doesn't approve loan applications or lend money; instead, it relies on a network of participating lenders. If one of the above home buyer programs looks like a good fit or you need help deciding which option is best, reach out directly to a participating lender for more information.

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