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WHEDA: Announces new down payment assistance program

September 21, 2023
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MADISON, Wis. – A new Capital Access Advantage down payment assistance program available through the Wisconsin Housing and Economic Development Authority (WHEDA) is a tool available to income-qualifying borrowers to make homeownership possible in high housing need areas.

“As entry-level housing prices and interest rates rise, down payment assistance is more important than ever before to make buying a home more realistic and affordable,” said Elmer Moore, Jr., WHEDA CEO and Executive Director. “This program is just one more way that we are working to ensure all people in Wisconsin have an affordable place to call home.”

The program provides up to $7,500 as a loan that can be used as an additional down payment or to cover closing costs and mortgage insurance premiums. No payments are made toward the loan, and it is zero percent interest for the term of the loan, which is equal to that of the first mortgage provided by WHEDA. The loan becomes payable only when the first mortgage is paid in full or refinanced.

“The Capital Access Advantage loan can be combined with other down payment assistance programs to lower the loan amount or cover closing costs. In some cases, the $7,500 is higher than the typically offered 3% down payment programs, making this a great alternative for buyers that qualify,” said Nicole Kane, WHEDA’s Single Family Sales Manager.

This program is available to eligible borrowers who earn at or less than 80% of the area median income for the county in which the property is located. Details about the loan are available on Begin your journey to homeownership by contacting WHEDA’s sales team at or find a WHEDA lender in your area.


For 50 years, WHEDA has worked to provide low-cost financing for housing and small business development in Wisconsin. Since 1972, WHEDA has financed more than 87,300 affordable rental units, helped more than 138,300 families purchase a home, and provided more than 29,200 small business and agricultural loan guarantees. WHEDA is a self-supporting public corporation that receives no tax dollars for its operations. For more information on WHEDA programs, visit or call 800-334-6873.