WHEDA Home News - July 2008

Home Program Changes

Section 8 Home Ownership Voucher Program
As a change to our June 17 announcement, the voucher payment may now be used as a reduction to the PITI to determine qualifying ratios.
Veterans
Legislation has been passed to permanently exempt veterans from the first-time home buyer requirement.

Recap of the 2008 Home Program Changes

Review the 2008 Home Program changes, including these new changes just announced.

New On-line Home Origination Guide

We are excited to announce the availability of the new and improved online Home Origination Guide.

We hope that you find the new manual easier to navigate. And, we welcome your feedback and any helpful suggestions that could make it even better.

Helpful Hints

Appraisal Report
When submitting a loan package using the Uniform Application Package Checklist (WHEDA Home form 6), don't forget the appraisal report. Failure to include the appraisal will delay the decision on the loan.

If you have any questions regarding the information in this e-mail, contact Pat Multerer at 1-800-334-6873 or via e-mail at pat.multerer@wheda.com.