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How to Use Major Rehabilitation
- Major Rehabilitation is appropriate for your customer if they wish
to buy a Home that needs major improvements that equal or exceed a third
of the original purchase price of the Home. If your customer currently
owns a Home they will refinance the mortgage on a Home they currently
own and include the rehabilitation cost into one loan.
- The Major Rehabilitation loan covers both the interim and permanent
financing so only one closing is needed.
- Major Rehabilitation is part of our Home loan product.
- Check out WHEDA's convenient online
services. Rate lock and even check the status of your loans with
the click of a mouse!
- Get the product information you need. Everything from procedures to
underwriting guidelines are available in the lender's
manual.
- Get the forms you need, in
the format you prefer.
- Sign up for e-mail news
about Home.
- If you're not yet a participating Home lender, let's
get started!
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