WHEDA Loans
Rob and the Mad City Home Loans Team proudly serve Wisconsin, Illinois, Iowa, Minnesota, Michigan, Florida, Texas, North Dakota, South Dakota, Colorado, and Washington.
Rob and Mad City Home Loans offers WHEDA loan solutions designed to help Wisconsin residents achieve affordable and accessible homeownership. These programs are built to make buying a home easier by reducing upfront costs and keeping long-term payments manageable. WHEDA loans provide clear guidance and structured financing options to support buyers at every step of the process.
With over 20 years of experience, Rob helps buyers navigate WHEDA guidelines and requirements with clarity and confidence. His approach focuses on finding the best loan structure for each client’s situation while keeping the process simple, transparent, and easy to understand. From eligibility review to closing day, you’ll receive clear explanations, personalized guidance, and steady support at every step.
How it works
Apply
Start with Clarity and Confidence
Not sure if a WHEDA loan is right for you? We’re here to help Wisconsin residents understand eligibility, program benefits, and available options. WHEDA loans are designed to make homeownership more affordable and accessible while keeping the process clear, structured, and easy to follow.
1
See Custom Loan Options
Receive personalized WHEDA loan recommendations based on your income, credit profile, and homeownership goals. We’ll review interest rates, estimated payments, and program requirements to help you understand how WHEDA financing can work for your situation. Schedule a consultation today to get started.
2
Get Approved
Complete a secure online application to begin the WHEDA pre-approval process. Pre-approval helps you determine your buying power and ensures you can confidently start shopping for homes in Wisconsin.
3
Close Your Loan Fast
Access your Rob and Mad City Home Loans to-do list, securely upload documents, and track your loan progress using your smartphone or computer. Our organized, step-by-step process helps keep your WHEDA loan moving forward smoothly.
4
After Close
Your relationship with Rob and Mad City Home Loans continues after closing. Stay connected for future refinancing opportunities, loan reviews, and educational resources. We also recommend scheduling an annual mortgage checkup to ensure your loan continues supporting your long-term goals.
Mortgage Process
1. Initial Phone Consultation
Your WHEDA mortgage journey begins with an initial phone consultation focused on clarity and planning. We’ll review WHEDA program requirements, income limits, and how the overall process works. We’ll also estimate your buying power and discuss realistic monthly payments. You’ll receive a clear checklist of documents needed for pre-approval.
2. Pre-Approval Consultation
After your application is submitted, we’ll schedule a detailed pre-approval consultation. During this call, we review your income, assets, and credit to confirm eligibility under WHEDA guidelines. We explain all numbers in plain language and answer questions. You’ll then receive a pre-approval letter to support your home search.
3. Shopping for a Home
With pre-approval ready, you’ll work with a real estate agent to find homes in Wisconsin that fit your needs and budget. Your agent will assist with showings, pricing strategies, and neighborhood insights. When you’re ready to make an offer, your pre-approval shows sellers you’re financially prepared.
4. Loan Application Consultation
Once your offer is accepted, we move into the formal WHEDA loan application phase. We’ll review your full application together, confirm accuracy, and discuss loan structure, payments, and program requirements. You may also choose to lock your interest rate to protect against market fluctuations.
5. Document Collection and Review
We’ll collect any remaining documents required to support your WHEDA loan file, including updated income, employment, or asset information. Our team carefully reviews everything to ensure compliance with WHEDA and lender guidelines, helping prevent delays later in the process.
6. Insure Your Home
Homeowners insurance is required for WHEDA loans and protects your investment. You’ll begin shopping for coverage, often starting with your current insurance provider. If needed, we can connect you with trusted insurance professionals. Proof of coverage is collected to keep your loan moving forward.
7. Appraisal and Inspection
We’ll order a home appraisal to confirm the property value supports the agreed purchase price and meets program standards. This protects both you and the lender. You may also choose to schedule a home inspection to identify potential issues before closing.
8. Processing and Underwriting
During processing, we verify all loan details, including income, employment, assets, and property information. Third-party verifications are completed, and the appraisal is reviewed. Your file is then submitted to underwriting for a detailed review to ensure compliance with WHEDA and lender requirements.
9. Conditional Loan Approval
After underwriting reviews your file, you’ll typically receive a conditional loan approval. This means the loan is moving forward, though additional documents or clarifications may be requested. We guide you clearly through each requirement to keep your loan on track.
10. Final Loan Approval (Cleared to Close) & Pre-Closing Consultation
Once all conditions are satisfied, your loan is officially cleared to close. We’ll schedule a pre-closing consultation to review the final steps and ensure you feel confident heading into closing day.
11. Final Closing Disclosure Consultation
Before closing, you’ll receive your Closing Disclosure outlining final loan terms, monthly payments, and closing costs. We’ll review it together and confirm the closing date, time, and location while answering any last questions.
12. Closing
Closing day is when your WHEDA loan is finalized. You’ll sign mortgage documents, complete any required payments, and finalize the transaction. For purchases, this is when ownership officially transfers and you receive the keys to your new home.
13. After Closing & Beyond
Your first mortgage payment is typically due about one month after closing. We’ll provide clear instructions and continued support. From here on, you become a Client for Life with Rob and Mad City Home Loans. With over 20 years of experience, Rob continues to help clients improve their mortgage strategy, refinance when appropriate, and plan for future homeownership goals.
Contact Us
Get in Touch
Have a question about your mortgage or next steps? Send us a message and our team will get back to you as soon as possible.
