WHEDA Capital Access Advantage DPA

WHEDA Capital Access Advantage DPA is a deferred second loan for homebuyers in Wisconsin, administered by Wisconsin Housing and Economic Development Authority (WHEDA). A $7,500, 0% interest deferred second mortgage (no monthly payments, due on first-mortgage payoff) used with a WHEDA Advantage first mortgage. Relaunched 1/15/2026 with limited funding. Flat $7,500. 0% interest. No monthly payments (deferred). Up to 100% financing. Lower income limits target affordability. Funding comes from State.

WHEDA Capital Access Advantage DPA offers between $7,500 and $7,500 in assistance. The program can be combined with WHEDA Advantage Conventional, WHEDA Advantage FHA, and WHEDA Tax Advantage MCC. Amounts are the program's published maximums, not an offer — Wisconsin Housing and Economic Development Authority (WHEDA) determines any individual award.

WHEDA Capital Access Advantage DPA is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by No monthly payments and Paid in full when first mortgage pays off. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

WHEDA Capital Access Advantage DPA is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Determined by the WHEDA first mortgage (620 Conv / 640 FHA). A homebuyer education course is required, through HUD-approved agency, WHEDA-approved PMI provider, eHomeAmerica, or Framework. Residency requirement: Property must be in Wisconsin. 2nd lien behind a WHEDA first mortgage. Fixed $7,500. Funds reserved with property address (first-come, limited funding).

WHEDA Capital Access Advantage DPA sets its income limit as follows: Lower Capital Access income limits (eff 1/15/2026): 1-person $52,000-$72,950; 4-person $74,250-$104,200 by county. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

WHEDA Capital Access Advantage DPA can be used for Single Family, Condo, 2-4 Unit, and Manufactured. New construction is eligible. Manufactured homes are eligible.

WHEDA Capital Access Advantage DPA serves homebuyers purchasing anywhere in Wisconsin.

Applications for WHEDA Capital Access Advantage DPA go through Wisconsin Housing and Economic Development Authority (WHEDA), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.