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Conventional loans in Wisconsin

Quick answer

Conventional loans in Wisconsin allow as little as 3% down (about $7,422 on a $247,400 home) with a 620+ credit score, up to the $832,750 baseline conforming limit.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

Conventional loan snapshot for Wisconsin

ItemEstimate
Minimum down payment3%
Minimum credit score620
Typical WI home value$247,400
3.5% down on typical home$8,659
20% down on typical home$49,480
Avg. effective property tax1.51%/yr (~$312/mo)
Income for typical home (31% rule)$83,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which Wisconsin programs pair with Conventional loans?

  • WHEDA Advantage: FHA and conventional first mortgages for first-time and repeat buyers.
  • Easy Close DPA: A second loan for down payment and closing costs.

Details and current limits: Wisconsin Housing and Economic Development Authority (WHEDA).

How does a conventional loan work?

Conventional loans are made by private lenders and usually sold to Fannie Mae or Freddie Mac. Because they follow those agencies' guidelines, they're called conforming loans. You can choose a fixed rate (15, 20 or 30 years) or an adjustable rate.

Your rate and mortgage insurance cost depend heavily on your credit score and down payment, so improving either before you apply can noticeably lower your payment.

Who qualifies for a conventional loan?

  • Credit score: generally 620 minimum.
  • Debt-to-income (DTI): up to 45%, and sometimes 50% with strong compensating factors.
  • Down payment: 3% (HomeReady, Home Possible, 97% LTV programs) to 5%+.
  • Steady, documented income — usually two years of history.
  • Property: primary homes, second homes and investment properties are all allowed (with higher down payments for non-primary homes).

Conventional loans in Wisconsin cities

Conventional in MilwaukeeConventional in MadisonConventional in Green BayConventional in KenoshaConventional in RacineConventional in AppletonConventional in WaukeshaConventional in Eau ClaireConventional in OshkoshConventional in JanesvilleConventional in West AllisConventional in La CrosseConventional in SheboyganConventional in WauwatosaConventional in Fond du LacConventional in BrookfieldConventional in New BerlinConventional in WausauConventional in Menomonee FallsConventional in GreenfieldConventional in BeloitConventional in Oak CreekConventional in Sun PrairieConventional in FranklinConventional in ManitowocConventional in West BendConventional in FitchburgConventional in Mount PleasantConventional in NeenahConventional in SuperiorConventional in Stevens PointConventional in De PereConventional in CaledoniaConventional in MequonConventional in MuskegoConventional in WatertownConventional in MiddletonConventional in Pleasant PrairieConventional in GermantownConventional in South MilwaukeeConventional in HowardConventional in Fox CrossingConventional in OnalaskaConventional in Wisconsin RapidsConventional in MarshfieldConventional in OconomowocConventional in MenashaConventional in CudahyConventional in KaukaunaConventional in AshwaubenonConventional in Beaver DamConventional in MenomonieConventional in River FallsConventional in BellevueConventional in PewaukeeConventional in WestonConventional in HartfordConventional in WhitewaterConventional in HudsonConventional in Waunakee

Frequently asked questions

Yes. Conventional loans are available statewide in Wisconsin through approved lenders, subject to county loan limits where they apply.

Often yes. Wisconsin Housing and Economic Development Authority (WHEDA) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve Wisconsin.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.