Wisconsin WI FHA Government Mortgage Mtg Home Loans

FHA announced they are lowering the annual mortgage insurance on all closing starting January 27th.  HUD announced this will save the average homeowner about $500 per year.  Contact me today to see how much you can get approved for.

Rates & home values are rising. Apply online to get Pre Approved today.


A Wisconsin FHA mortgage mtg loan is a government backed loan to purchase or refinance your Wisconsin home.


Wisconsin FHA loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA), which is part of HUD, insures the Wisconsin FHA mortgage home loan.


FHA loans allow people who have had past credit issues the opportunity to purchase or refinance their Wisconsin home. Underwriting guidelines for FHA mortgage mtg home loans are not as restricted as a conventional mortgage home loan guidlines. This allows FHA the flexibility to lend to individuals with lower credit scores and for those individuals with less money to put down.


Some of the underwriting guidelines for your Wisconsin FHA mortgage home loan are:

  • 3.5% down payment and can be gifted from a relative
  • Closing costs can be paid by the seller
  • No bankruptcy discharged in the last 2 years
  • No foreclosure or short sale in the last 3 years
  • Collections do not have to be paid off.


Effective with FHA Case Numbers assigned on or after January 1, 2018 new loan limits have increased to $294,515.


The below video explains how to calculate correctly your FHA mortgage payment to include the up front mortgage insurance and the monthly mortgage insurance.