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Lender Toolkit
WHEDA FHA Sponsored Origination is now available!
Please review the below information on how you can offer the WHEDA Advantage FHA program without having a HUD DE certification.
WHEDA Advantage Conventional Refinance Option
Product Comparisons
Product Comparison DPA Product Comparison
Income Limits
WHEDA Income Limits Capital Access DPA Income Limits
Forms
On Demand Trainings
Single Family Required Program Training
WHEDA Connect
WHEDA Mini Training Sessions
| Training | Video |
|---|---|
| WHEDA Origination to Underwriting On Demand Training | View Training |
| WHEDA HomeStyle® Renovation On Demand Training (required for originators to offer the HomeStyle® Renovation Enhancement) (Email sales@wheda.com to receive the assessment) |
View Training |
| Training | Video |
|---|---|
| Delegated Administrator Training | Watch the Video |
| Registering a Loan, Rate Lock and Document Upload | Watch the Video |
| Uploading Loan Documentation | Watch the Video |
| Registering and Locking Your WHEDA Loan | Watch the Video |
Coming soon.
Scheduled Lender Training
Doing Business With WHEDA
Loan Products
Lender Updates
2022 Updates
2021 Updates
2020 Updates
2019 Updates
2018 Updates
2017 Updates
| UPDATE NUMBER |
DESCRIPTION |
|---|---|
| 2022.2 | Minimum Volume Requirement Change for 2022, Changes beginning with 2023 Lender Recertification |
| 2022.1 | WHEDA responds to FNMA Selling Guide Update SEL-2022-01, WHEDA responds to FNMA Lender Letter LL 2021-03 |
| UPDATE NUMBER |
DESCRIPTION |
|---|---|
| 2021.13 | Fannie Mae Announces NEW Free Home Buyer Education Option, WHEDA Single Family Employee Promotion |
| 2021.12 | Conventional Eligibility Matrix Updated: Clarifying LTV limitations on Homestyle Renovation loans, New Conventional and FHA Loan Limits |
| 2021.11 | Annual Real Estate Taxes, Staffing Update |
| 2021.10 | Taxpayer First Act Compliance Requirement Change |
| 2021.09 | WHEDA Advantage Conventional Update |
| 2021.08 | COVID-19 Guidance Flexibilities Continued, WHEDA Advantage Conventional Update |
| 2021.07 | Changes to the Advantage Conventional HomeStyle® Renovation, Program begin July 1, 2021 (Updated guidelines, Updated required training, Updated resources, forms and manuals) |
| 2021.06 | New Capital Access Income Limits, FHA Updates - Student Loans and Citizenship, Staff Roster |
| 2021.05 | New Conventional Area Median Income (AMI) Limits, Staff Roster |
| 2021.04 | Changes to the Advantage Conventional HomeStyle® Renovation guidelines, Updated required training for the Advantage Conventional HomeStyle® Renovation program, Revised Home Improvement Loan Program (HILP) coming July 1, 2021 - Become an approved HILP lender now! |
| 2021.03 | New Purchase Price and Income Limits - corrected link, Staff Roster |
| 2021.02 | Desktop Underwriter® (DU®) and Desktop Originator® (DO®), April 30 deadline for legacy URLA loan submissions, Uniform Closing Dataset, Funding Requests, Staff Roster |
| 2021.01 | COVID-19 Guidance Flexibilities Continued, FHA - Deferred Action for Childhood Arrivals, Staff Changes and updated Staff Roster |
| UPDATE NUMBER |
DESCRIPTION |
|---|---|
| 2020.17 | New Conventional and FHA Loan Limits, COVID-19 Guidance Flexibilities Continued, URLA Implementation, Home Buyer Education Requirements |
| 2020.16 | Clarification on Direct Endorsement (DE) Lenders submitting FHA loans in the Mini-Correspondent Channel; reminder of payment of annual real estate taxes; IRS tax transcripts and the expiration of flexibility; COVID-19 guidance flexibilities continued; staff roster and important numbers |
| 2020.15 | Annual Real Estate Taxes; Reminder for IRS Tax Transcripts - Expiration of Flexibility; New IRS Form 4506-C; COVID-19 Guidance Extensions for Conventional Loans; Staff Roster and Important Numbers |
| 2020.14 | IRS Tax Transcripts Flexibility; COVID Guidance Extensions for Conventional Loans; Reminder Post-Closing Outstanding Document Fees and Resume; Staff Roster and Important Numbers |
| 2020.13 | Changes to the Home Buyer Education Requirements; COVID Guidance Flexibilities Continued; Judgment Clarification for all WHEDA Programs; Staff Roster & Important Numbers |
| 2020.12 | WHEDA to WHEDA Refinances; IRS Transcripts; Post-Closing Outstanding Document Report Fees; COVID Related Guidance Reminder; Staff Roster & Important Numbers |
| 2020.11 | Increase to the Easy Close Maximum Loan Amount; Compliance Income Evaluation Requets; Resources - Staff Roster & Important Numbers |
| 2020.10 | New Capital Access Income Limits; Summary of Income and Purchase Price Limit Changes; Requirement for Original Notes |
| 2020.09 | Conventional - New AMI Limits & COVID-19 Guidance; Attestation of Income and Understanding of Forbearance; Clarification of Documents Required; Resources |
| 2020.08 | COVID-19 Guidance; Attestation of Income and Understanding of Forbearance; Resources |
| 2020.07 | New Purchase Price and Income Limits |
| 2020.06 | Attestation of Income and Understanding of Forbearance; WHEDA Advantage Conventional - COVID-19 Guidance; Changes to Capital Access DPA Purchase Price Limits; Staff Resources/Roster |
| 2020.05 | Discontinuation of HFA Risk Sharing; March 31 revisions to FNMA Lender letters |
| 2020.04 | WHEDA Advantage Conventional COVID-19 Guidance; Tax Transcripts; Resources - Staff Roster and Important Numbers |
| 2020.03 | WHEDA Advantage Conventional COVID-19 Guidance; Post Closing Outstanding Document Report - Fees; Resources - Staff Roster and Important Numbers |
| 2020.02 | FHA Updates |
| 2020.01 | Rural Closing Cost Credit - Discontinued! |
| UPDATE NUMBER | DESCRIPTION |
|---|---|
| 2019.15 | Lender Update 2019-15 Rural Closing Cost Credit: Extended and New Income Limits! |
| 2019.14 | Taxpayer First Act Compliance Requirements; FHA HRAP Approved Condominium Process - Form Correction! |
| 2019.13 | Annual Real Estate Tax Disclosure on CD for Loans Closing Dec 1, 2019 and After; Conventional Program Changes per Fannie Mae Selling Guide Update 2019-08; FHA Updates and Changes |
| 2019.12 | Important Lender Update on Security Incident |
| 2019.11 | WHEDA Advantage Conventional Updates; Updated Resources |
| 2019.10 | WHEDA Advantage Conventional Updates; New Application Package Checklist and Closing Package Checklist; Updated Resources |
| 2019.09 | Closing Cost Credits |
| 2019.08 | WHEDA Advantage FHA & WHEDA DPA Programs; New Capital Access Income and Purchase Price Limits; Revised Staff Roster |
| 2019.07 | New Income & Purchase Price Limits |
| 2019.06 | FHA Update; Conventional Update |
| 2019.05 | Changes to Capital Access DPA Income and Purchase Price Limits |
| 2019.04 | New Purchase Price Limits; Advantage Conventional Update; Advantage FHA Update; Revised Staff Roster |
| 2019.03 | HomeStyle® Renovation; New Net-Worth Requirements for WHEDA Approved Lenders; Mini-Correspondent Channel |
| 2019.02 | Advantage Conventional Underwriting Guide Updates; Advantage FHA Underwriting Guide Updates; Down Payment Assistance Clarification; New Advantage FHA Matrix. |
| 2019.01 | Advantage Conventional HomeStyle® Renovation Loan Originator Certification Requirements; Tax Transcripts. |
| UPDATE NUMBER | DESCRIPTION |
|---|---|
| 2018.17 | WHEDA Advantage FHA minimum credit score; New Conventional and FHA Loan Limits; Tax Transcripts during government shutdown |
| 2018.16 | Annual Real Estate Taxes; Principal Reductions and New Funding Request; Rental Income from other Real Estate Owned; Uniform Closing Dataset (UCD) |
| 2018.15 | Up to $1250 Closing Cost Credit for Distressed Properties! |
| 2018.14 | Introducing the latest addition to WHEDA’s Advantage Conventional Program - HomeStyle® Renovation |
| 2018.13 | Conventional Updates; HBE Clarification |
| 2018.12 | WHEDA Conventional Updates; WHEDA Easy Close Updates |
| 2018.11 | Form Updates |
| 2018.10 | Changes to Capital Access |
| 2018.9 | WHEDA Advantage Conventional Updates; Policy and Procedure Update; Updated Single Family Roster |
| 2018.8 | WHEDA Advantage New Income Limits; Tips & Tricks |
| 2018.7 | WHEDA Advantage Conventional Updates; Forms Update; Tips & Tricks |
| 2018.6 | WHEDA Advantage Conventional Updates; Tips & Tricks |
| 2018.5 | Capital Access Advantage Down Payment Assistance |
| 2018.4 | WHEDA Advantage Conventional Updates |
| 2018.3 | Policy and Procedure Updates; Preapproval Certificates Now Available; Updated Single Family Staff Roster |
| 2018.2 | WHEDA Advantage Conventional Updates |
| 2018.1 | WHEDA-Connect Changes; Coming Soon |
| UPDATE NUMBER | DESCRIPTION |
|---|---|
| 2017.33 | WHEDA Tax Advantage is Back! |
| 2017.32 | New Conventional and FHA Loan Limits |
| 2017.31 | 5 WHEDA $1500 Closing Cost Credits remain with extended closing date |
| 2017.30 | WHEDA Tax Advantage – Mortgage Credit Certificates (MCC) |
| 2017.29 | DACA - Deferred Action for Childhood Arrivals |
| 2017.28 | WHEDA $1500 Closing Cost Credit – Only 15 credits remaining |
| 2017.27 | 4% Interested Party Contributions (IPC) Update; Repair/Improvement Escrow - Rolling Repairs into the Loan - suspended |
| 2017.26 | Frozen Credit Reports; Previous WHEDA Foreclosure, Deed-in-Lieu or Short Sale |
| 2017.25 | WHEDA Connect |
| 2017.24 | 2017 Annual Real Estate Taxes and Submission of Closing and Trailing Documents |
| 2017.23 | Closing Cost Credit Offer Extended |
| 2017.22 | Uniform Closing Dataset; Conventional and FHA Closing Package Checklist Revisions |
| 2017.21 | Conventional Debt-to-Income Radio Update; Conventional Guide Updates |
| 2017.20 | Early Registration and Hotel Room Discount for Wisconsin Homeownership Conference Ends September 3rd |
| 2017.19 | Uniform Closing Cost Dataset .XML File Required for Conventional; FHA Settlement Certification Form; Mortgage Electronic Registration System (MERS) Requirements |
| 2017.18 | New Track of Topics and Speakers Added to Wisconsin Homeownership Conference |
| 2017.17 | Uniform Closing Dataset (UCD) is Coming September 25, 2017 |
| 2017.16 | Coming Soon: WHEDA Single Family Homeownership Conference 2017 |
| 2017.15 | Accepting Reservation Requests Beginning Monday, July 3rd for the WHEDA Closing Cost Credit up to $1,500 |
| 2017.14 | Revised Policy for Trailing Documents; Correction: Closing Interest on First Mortgage and Easy Close Loan; FTHB and VALOR Loans Combined Pricing; Revised Hazard Insurance Maximum Deductible |
| 2017.13 | Updated Capital Access Income and Purchase Price Limits |
| 2017.12 | Closing Cost Credit |
| 2017.11 | New Income Limits; Closing Interest on the First Mortgage and Easy Close Loans |
| 2017.10 | Valor Program, Conventional Guide Updates, Changing the Information of a Locked Loan |
| 2017.09 | Single Family Announces Staffing, Departmental, and Procedural Changes |
| 2017.08 | Conventional Product Matrix Updated |
| 2017.07 | New 2017 Income and Purchase Price Limits |
| 2017.06 | Know the Key Differences Between Capital Access and Easy Close Down Payment Assistance (DPA) |
| 2017.05 | Easy Close Payment Due Date Change; Underwriting Guide Updates; more |
| 2017.04 | New Program - Capital Access Advantage |
| 2017.03 | Capital Access Advantage - Down Payment Assistance |
| 2017.02 | Happy Retirement to Cindy Jenson |
| 2017.01 | 2017 Loan Limits Increase |
Lender Announcements/Newsletters
2022
| Announcement Number |
Description |
|---|---|
| 2022.3 | HPML Loan Scenario Guidance (Conventional), Updates to WHEDA Single Family Staff Roster |
| 2022.2 | WHEDA Director of Single Family Housing Dave Rouse Retires |
| 2022.1 | Wisconsin Help for Homeowners (WHH) Lender Briefing, WHEDA Single Family Account Executive Milwaukee Region |
| Newsletter Number |
Description |
|---|---|
| Issue 1 | Introducing the NEW WHEDA Newsletter- "WHEDA WIRE" |