Looking for help with your down payment and closing costs? When you qualify for a WHEDA Advantage mortgage, you may also qualify for the Easy Close Advantage. This $3,000 loan for 10 years is designed to help you pay for down payment, closing costs and home buyer education expenses.
Features and Benefits
- An exclusive offer. Designed specifically for WHEDA Advantage customers to help first-time home buyers get into a home sooner.
- A low-cost, fixed interest rate for 10 years. This loan term combined with a fixed interest rate ensures your loan payments are affordable, approximately $34 a month.
- Immediate access to loan funds at the time of closing. You qualify for the Easy Close Advantage at the same time you qualify for a WHEDA Advantage mortgage, making the process quick and easy.
- Free access to educational resources. You can access home buyer education and credit counseling from WHEDA’s trusted network of partners to help ensure your future success as homeowners.
Program Requirements
- First-time home buyers must use a WHEDA Advantage mortgage to be eligible for the Easy Close Advantage.
- Borrowers must contribute a minimum of $1,000 into the WHEDA Advantage mortgage loan transaction.
- Face-to-face home buyer education is required.
- Income and credit guidelines do apply.
Visit with a WHEDA Advantage lender to understand how the Easy Close Advantage can help get you into a home sooner. Review the WHEDA Easy Close Advantage promotional flyer to learn more program specifics.