Wisconsin (WI) FHA Home Loans
Wisconsin FHA loans are home loans insured by the FHA (Federal Housing Administration) which give Wisconsin borrowers the opportunity to secure WI home loans, when they don’t quality for other conventional loans. For example, future Wisconsin homeowners with little credit history or poor credit history are sometimes able to qualify for Wisconsin FHA loans.
- FHA Loans for First Time Homeowners: WI FHA loans are ideal for first-time Wisconsin homeowners due to low down-payment requirements and flexible qualifying guidelines.
- FHA Refinancing: FHA also offers a refinancing option for Wisconsin homeowners where it’s possible to refinance up to 97.5 percent of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85 percent.
FHA Loan Requirements – Wisconsin
- No income limit
- Wisconsin borrower credit score flexibility
- 3.5 percent down payment on Wisconsin Purchase Loans
- Bankruptcy: WI FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
- Foreclosures: Wisconsin FHA loans can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)
Wisconsin FHA Loan Limits
FHA loan limits in Wisconsin vary based on a number of criteria including the specific location (county), number of units in the property (up to 4-unit properties in Wisconsin), etc. Please contact Home Point Financial’s Wisconsin FHA loan experts for details on loan limits for FHA loans in Wisconsin (WI). Contact Home Point Financial to learn more about FHA Loans in Milwaukee, Madison, Green Bay and throughout Wisconsin.
