WHEDA Home News - December 2007

Zero Down Program Change

Effective January 9, 2008, Zero Down loans rate locked on or after this date will no longer include WHEDA® paid private mortgage insurance.

The private mortgage insurance coverage will be paid by the borrower at the current special WHEDA private mortgage insurance premium rates.

If you do not have a current WHEDA Rate Chart, please contact your Private Mortgage Insurance representative.

WHEDA Zero Down offers first-time Home buyers an affordable mortgage with a fixed interest rate and no down payment. Zero Down also features WHEDA value-added benefits such as job loss mortgage payment protection and an instant line of credit at closing with Home Plus.

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