Features and Benefits
- Low cost, fixed interest rate—more customers qualify
- Lower mortgage insurance premium - reduces monthly payment
- Fast turnaround time—you won't wait days for approval
- 3% minimum downpayment—gets your customers into a Home
sooner
- 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
|
Eligibility
- Borrower Eligibility
- Describes the eligibility requirements for a Home loan.
Property Eligibility
Describes property eligibility criteria for a Home Loan.
-
Income
Limits
- The combined income of all adults who will occupy the property
cannot exceed the limit for the county in which the property is
located.
- Purchase
Price Limits
- 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
Origination Manual
- 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.
|
