Download Closing Cost Credit Comparison
WHEDA has ANOTHER way to give your Borrowers more “buying power” with a LIMITED TIME offering of a Closing Cost Credit up to $2000*!
*Up to $2000 for Rural Closing Cost Credit; up to $1250 for Distressed Property Closing Cost Credit
These limited time credits are great tools to pair with the
Advantage Conventional HomeStyle® Renovation enhancement
HomeStyle® Renovation is a registered trademark of Fannie Mae
The WHEDA Advantage Conventional program primarily follows Fannie Mae® guidelines with the exception of WHEDA specific overlays outlined in the
Conventional Eligibility Matrix and
Conventional Underwriting guide*.
Borrowers may be eligible to receive lower interest rates if they meet the definition of a first time home buyer, are an eligible veteran, or are purchasing a home in a designated target area.
(1)First time home buyer: is defined as an individual who has not had an interest in a principal residence, or had the benefit of homeownership, in the last three years.
(2) Eligible Veteran: is defined as a military veteran who served in active duty and was discharged under honorable conditions as verified by a DD-214.
(3)Designated Target Areas: Economically distressed areas as identified by federal or state guidelines.
*Any guideline that is not specifically addressed on the Matrix or within the Guide will follow the requirements outlined in the Fannie Mae Selling Guide.
Use the Capital Access Advantage to help qualify more borrowers for an affordable WHEDA mortgage. A Capital Access second mortgage is a low-cost, deferred down payment assistance loan for home buyers in Wisconsin.
WHEDA is excited to waive the Capital
Access Down Payment Assistance “high housing needs” restriction for a LIMITED
**Limited Waiver: No
property restrictions on a minimum of 425 loans. Available on a first come, first serve basis.**Take advantage of this benefit today!
Register Your 1st Mortgage and Capital Access DPA
Capital Access Advantage home buyers must meet the following program requirements:
How to Register or Rate Lock a Capital Access Advantage DPA loan in WHEDA-Connect