Wisconsin Housing & Economic Development Authority (WHEDA) loans are purchase loans designed for homebuyers who have limited funds for down payment and closing costs, but can afford to make monthly mortgage payments. First National Bank offers WHEDA loans with and without private mortgage insurance, as well as programs with reduced rates for first-time homebuyers. The first-time homebuyer program is for borrowers with lower income and purchase price amounts. All WHEDA loans are for Wisconsin properties only, and escrows are required.
Qualifying borrowers also can obtain a WHEDA Easy Close second mortgage.
Income and purchase limits apply. Loans are serviced by WHEDA. Homebuyer education required.
At First National Bank, our knowledgeable mortgage professionals will work with you to help determine your eligibility and to answer all of your questions.
the cost of your mortgage. (does not include private mortgage insurance, if applicable)
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