The Easy Close Advantage program has a low-cost, fixed interest rate, with immediate access to loan funds at the time of closing. The program also grants borrowers free access to educational resources, such as home buyer education and credit counseling.

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August 19, 2017
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Easy Close Advantage Program

Financial Assistance for Homebuyers in Wisconsin

The Wisconsin Housing and Economic Development Authority (WHEDA) offers down payment assistance to borrowers who qualify for a WHEDA Advantage mortgage. The Easy Close Advantage program is a 10-year loan, designed to help you pay for down payment, closing costs and home buyer education expenses.

Specifically for WHEDA Advantage customers, the Easy Close Advantage program has a low-cost, fixed interest rate, with immediate access to loan funds at the time of closing. The program also grants borrowers free access to educational resources, such as home buyer education and credit counseling from WHEDA’s network of partners.

Borrowers qualify for the Easy Close Advantage at the same time you qualify for a WHEDA Advantage mortgage, therefore applicants must meet the first mortgage requirements:
 
  • Borrowers must have good credit and an income to support a monthly mortgage payment.
  • Borrowers must meet the set income limits.
  • Refinancing is not available.
  • Borrowers must complete pre-purchase homebuyer education.
  • The property must serve as the borrower’s primary residence.
  • Borrower can purchase an existing single family home or duplex* within WHEDA’s loan limits. Landlord counseling is required for two-unit properties.

Down Payment Grants in Wisconsin

The Easy Close Advantage program has a low-cost, fixed interest rate, with immediate access to loan funds at the time of closing. The program also grants borrowers free access to educational resources, such as home buyer education and credit counseling.