If the Lender is unable to close the guaranteed loan within the timeframe stated in the Loan Authorization, contact WHEDA to request an extension. WHEDA will consider extensions on a case-by-case basis. WHEDA reserves the right to review the current financial status of the Borrower to assure that no adverse changes have occurred from the time of the original approval. If there are adverse changes, WHEDA may revise its original Loan Authorization to account for the additional risk or negotiate other changes to the original approval.
