Home Loan for Veterans


The Home Loan for Veterans offers fixed interest rate home financing to military veterans purchasing a home. Military veterans do not have to be first-time home buyers to qualify for a WHEDA Home Loan.

Features and Benefits

Low cost, fixed interest rate—more customers qualify
Fast turnaround time—you won't wait days for approval
Job Loss Protection pays the mortgage payment in the event of involuntary unemployment
Veterans do not have to be first-time home buyers to qualify
Low down payment options are available

Amendment to WHEDA Form 2 is required for veterans applying for a Home Loan.

Eligible veterans must supply a D. D. 214 with a “Member 4” status in the lower right corner.

View a 20 minute presentation on the basics and procedures of processing a WHEDA loan.

What is Federal Recapture and when it is levied.

Borrower Eligibility: Describes the eligibility requirements for a Home Loan.
Income Limits: The combined income of all adults who will occupy the property cannot exceed the limit for the county in which the property is located.
Purchase Price Limits: The purchase price cannot exceed the limit for the county in which the property is located.
Compliance Income Calculator: Compliance income is the anticipated income for all persons who will occupy the property.
Target Areas: Designated by the federal government as places where more home ownership is desired. It is easier to qualify for a Home Loan in a Target Area.

Home Origination Manual: Everything from procedures to underwriting guidelines.
Forms: Available in .pdf and .exe format.
Pre-approval: How to submit an application for preapproval.
Bulletins/Home News: Keep up to date with what's happening with Home.

Servicing Manual (Printer Friendly): Everything you need to know about servicing WHEDA loans.
Servicing Forms: Available in .pdf and .exe format.
Updates: Keep up to date with Servicing news.