Printable full term sheet
WHEDA offers multiple borrower selected options relating to Stand Alone tax exempt or taxable bond financing.
Fixed Rate Options
This option may result in a lower rate than fixed rate bonds, but with some corresponding additional risk.
A swapped interest rate will typically be established between commitment and closing, but is at the Borrower's election. The final rate will be based on the length of rate lock chosen by the Borrower and the market at the time the rate is locked. Until the rate is locked, the Borrower is taking the interest rate risk.
Fees are subject to periodic review and change.
20% of all units set-aside for households with incomes not exceeding 50% of County Median Income (CMI). Or 40% of all units set-aside for households with incomes not exceeding 60% of CMI.
Total rent plus utilities cannot exceed 30% of the respective CMI levels.