WHEDA VALOR (Veterans Affordable Loan Opportunity Rate)

What is WHEDA VALOR (Veterans Affordable Loan Opportunity Rate)?

WHEDA VALOR (Veterans Affordable Loan Opportunity Rate) is a first mortgage for homebuyers in Wisconsin, administered by Wisconsin Housing and Economic Development Authority (WHEDA).

• A reduced-interest-rate pricing tier on WHEDA Advantage Conventional for qualified Wisconsin veterans (honorable discharge), with no VA funding fee and the FTHB requirement waived.
• Reduced rate for veterans.
• No VA funding fee.
• Simpler than a VA loan.
• FTHB waived.
• Pairs with WHEDA DPA.
• Funding comes from State.

Do you have to pay it back?

WHEDA VALOR (Veterans Affordable Loan Opportunity Rate) is a first mortgage and is repaid under the terms set by Wisconsin Housing and Economic Development Authority (WHEDA).

• The assistance is recorded in 1st Lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

WHEDA VALOR (Veterans Affordable Loan Opportunity Rate) is open to buyers who will live in the home as their primary residence.

What are the income limits?

WHEDA VALOR (Veterans Affordable Loan Opportunity Rate) sets its income limit as follows: Same WHEDA FTHB/MCC/VALOR compliance income limits (non-target 1-2 person $104,800-$132,400 eff 5/18/2025).

• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

WHEDA VALOR (Veterans Affordable Loan Opportunity Rate) caps the purchase price at $544,232.

• Eligible property types include Single Family, Condo, 2-4 Unit, and Manufactured.
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

WHEDA VALOR (Veterans Affordable Loan Opportunity Rate) names veterans among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

WHEDA VALOR (Veterans Affordable Loan Opportunity Rate) serves buyers purchasing anywhere in Wisconsin.

How do you apply?

Applications for WHEDA VALOR (Veterans Affordable Loan Opportunity Rate) go through Wisconsin Housing and Economic Development Authority (WHEDA), which publishes the current terms and the application steps on its own site.

1. 1

   Contact Wisconsin Housing and Economic Development Authority (WHEDA) to reserve funds

   Funds are reserved with the provider and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.