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WHEDA Interest Rates 
as of Wednesday, July 23, 2014 from 8:30 am to 5:30 pm CT

(rates subject to change without notice)
The Annual Percentage Rate (APR) is a measure of the cost of obtaining credit. It takes into account, among other things, the interest rate, points, origination fee, mortgage insurance premium and certain other charges assessed to you by a lender for originating a loan. The APR may be used to compare loans offered by competing lenders taking into account both interest rate and closing fees.

WHEDA Advantage

Product Option
(click name for description)
Loan-to-Value
(LTV) Ratio
Interest
Rate
Estimated
WHEDA Closing
Costs

WHEDA Advantage Conventional - HFA          
 Preferred (Table Funded Channel)
 
Lender requests funds from WHEDA at least two business days prior to closing. WHEDA transfers funds to the lender's bank account the day of closing.
0.00 - 97.00%  4.375%   $545 

WHEDA Advantage Conventional - HFA          
 Preferred Risk Sharing* (Table Funded Channel) Borrower-paid mortgage insurance 
  is not required. * No additional risk is incurred by the lender.
 
Lender requests funds from WHEDA at least two business days prior to closing. WHEDA transfers funds to the lender's bank account the day of closing.
0.00 - 97.00%  5.125%   $545 

WHEDA Advantage Conventional - HFA          
 Preferred (Closed Loan Channel)
 
Lender closes the loan prior to the rate lock expiration date using their own source of funds. WHEDA must receive all origination and closing documents within 10 business days of the closing.
0.00 - 97.00%  4.375%   $1095 

WHEDA Advantage Conventional- HFA Preferred 
 Risk Sharing* (Closed Loan Channel) Borrower-paid mortgage insurance is not     
 required. * No additional risk is incurred by the lender.
 
Lender closes the loan prior to the rate lock expiration date using their own source of funds. WHEDA must receive all origination and closing documents within 10 business days of the closing.
0.00 - 97.00%  5.125%   $1095 

WHEDA FHA Advantage  (Table Funded          
 Channel)
 
Lender requests funds from WHEDA at least two business days prior to closing. WHEDA transfers funds to the lender's bank account the day of closing.
0.00 - 96.50%  4.250%   $2200 

WHEDA FHA Advantage  (Closed Loan           
 Channel)
 
Lender closes the loan prior to the rate lock expiration date using their own source of funds. WHEDA must receive all origination & closing documents within 10 business days of the closing.
0.00 - 96.50%  4.250%   $2530 

WHEDA 2nd Mortgage Options

Product Option
(click name for description)
Maximum
Loan Amount
Interest
Rate
Estimated
WHEDA Closing
Costs

Easy Close Advantage used with a HFA        
 Preferred first mortgage.
 
A second mortgage product to assist with down payment and closing costs. Proceeds can be used to pay for single premium private mortgage insurance.
The greater of $3,000.00 or 3.0%  5.375%  
The interest rate is 1% higher than the borrower's first mortgage interest rate.
$30 

Easy Close Advantage used with a HFA        
 Preferred Risk Sharing first mortgage.
 
A second mortgage product to assist with down payment and closing costs.
The greater of $3,000.00 or 3.0%  6.125%  
The interest rate is 1% higher than the borrower's first mortgage interest rate.
$30 

Easy Close Advantage used with  a FHA       
 Advantage first mortgage.
 
A second mortgage product to assist with down payment and closing costs. Proceeds can be used to pay for the FHA Up-front MIP. When used with a FHA 1st mortgage, WHEDA must be named as the Mortgagee.
The greater of $3,500.00 or 3.5%  5.250%  
The interest rate is 1% higher than the borrower's first mortgage interest rate.
$0 

Home Improvement Advantage
 
A subordinate mortgage product to finance most types of home repairs/improvements. Closing costs may be added into the loan. Maximum CLTV is 110% of estimated value upon completion of repairs/improvements.
$15,000.00  5.000%   $55 

 

To learn more about WHEDA Advantage loan pricing options and interest rates, contact a participating WHEDA Advantage lender.