WHEDA loans for Wisconsin first time home buyers.
WHEDA stand for "Wisconsin Housing and Economic Development Authority".
A WHEDA loan is Wisconsin's first time home buyer loan. Technically, it is NOT just for "first time" home buyers. The buyer cannot have owned a principal residence in the last 3 years. So, if you currently own an investment property, or you owned a principal residence more than 3 years ago, you qualify. For a WHEDA loan, you must still meet the income limitations, however.
The WHEDA HOME LOAN offers below-market fixed interest rate home financing to first time home buyers with low to moderate incomes.
Up to date information can be found on the Official Wheda website, linked below.
http://www.wheda.com/cat_sfb/home.asp