Features and Benefits
- Low cost, fixed interest rate—more customers qualify
- Fast turnaround time—you won't wait days for approval
- 3% minimum downpayment—gets your customers into a Home
sooner
- Easy Close Loan available - helps your customer cover down payment and closing costs.
- Job Loss Protection pays the mortgage payment in the event of involuntary unemployment
How to Use Home
Getting started with Home:
I'm a Lender
I'm a Real Estate Professional
Federal Recapture
What is Federal
Recapture and when it is levied.
Frequently Asked Questions
Top 4
Eligibility
Credit
Process
Property
Other
Recapture
Major Rehab
Partnership for Home Ownership
Servicing
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Eligibility
- Borrower Eligibility
- Describes the eligibility requirements for a Home loan.
- Property Eligibility
- Describes property eligibility criteria for a Home Loan.
-
Income
Limits
and Purchase
Price Limits
- The combined income of all occupants of the property
cannot exceed the limit for the county in which the property is
located. The purchase price cannot exceed the limit for the county in
which the property is located.
- Compliance Income Calculator
- Compliance Income is the anticipated income for all persons
who will occupy the property.
- Target Areas
- Designated by the federal government as places where more Homeownership
is desired. It is easier to qualify for a Home Loan in a Target
Area.
Origination Guidelines
- Home Loan Origination Guide
- Everything from procedures to underwriting guidelines.
- Forms
- Available in .pdf and .exe format.
- Pre-approval
- How to submit an application for preapproval.
- Bulletins/Home News
- Keep up to date with what's happening with Home.
- Servicing Manual (Printer Friendly)
- Everything you need to know about servicing WHEDA loans.
- Servicing Forms
- Available in .pdf and .exe format.
- Updates
- Keep up to date with Servicing news.
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