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FHA loans in Wisconsin

Quick answer

FHA loans in Wisconsin require 3.5% down with a 580+ credit score; on a $247,400 home that's about $8,659. County FHA limits start at $541,287 for one-unit homes in lower-cost areas.

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

FHA loan snapshot for Wisconsin

ItemEstimate
Minimum down payment3.5%
Minimum credit score580
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 FHA 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).

Who is an FHA loan best for?

FHA is designed for buyers with modest savings or credit that's still being built. Because the government insures the lender against loss, lenders can approve borrowers they might otherwise decline.

  • Credit scores between 580 and 680.
  • Debt-to-income ratios up to about 50% with compensating factors.
  • Buyers using gift funds for the entire down payment.
  • Buyers who had a bankruptcy 2+ years ago or foreclosure 3+ years ago.

How much does FHA mortgage insurance cost?

The upfront premium (UFMIP) is 1.75% of the base loan amount and is usually rolled into the loan. The annual premium for most 30-year loans is 0.55% of the balance, paid monthly. With less than 10% down, annual MIP lasts for the life of the loan; with 10% or more, it ends after 11 years. Many owners later refinance into a conventional loan to drop MIP.

FHA loans in Wisconsin cities

FHA in MilwaukeeFHA in MadisonFHA in Green BayFHA in KenoshaFHA in RacineFHA in AppletonFHA in WaukeshaFHA in Eau ClaireFHA in OshkoshFHA in JanesvilleFHA in West AllisFHA in La CrosseFHA in SheboyganFHA in WauwatosaFHA in Fond du LacFHA in BrookfieldFHA in New BerlinFHA in WausauFHA in Menomonee FallsFHA in GreenfieldFHA in BeloitFHA in Oak CreekFHA in Sun PrairieFHA in FranklinFHA in ManitowocFHA in West BendFHA in FitchburgFHA in Mount PleasantFHA in NeenahFHA in SuperiorFHA in Stevens PointFHA in De PereFHA in CaledoniaFHA in MequonFHA in MuskegoFHA in WatertownFHA in MiddletonFHA in Pleasant PrairieFHA in GermantownFHA in South MilwaukeeFHA in HowardFHA in Fox CrossingFHA in OnalaskaFHA in Wisconsin RapidsFHA in MarshfieldFHA in OconomowocFHA in MenashaFHA in CudahyFHA in KaukaunaFHA in AshwaubenonFHA in Beaver DamFHA in MenomonieFHA in River FallsFHA in BellevueFHA in PewaukeeFHA in WestonFHA in HartfordFHA in WhitewaterFHA in HudsonFHA in Waunakee

Frequently asked questions

Yes. FHA 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.