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Lender Toolkit
Discontinuation of HFA Risk Share Option
On Thursday, April 2, 2020, WHEDA announced Fannie Mae’s surprise discontinuation of the HFA Preferred Risk Sharing option for WHEDA’s Advantage Conventional program, effective Friday May 3, 2020.
Despite being informed of the effects the abrupt termination would have on our Business partners and WHEDA borrowers, Fannie Mae was extremely resolute and has put us all on a very short timeline.
Please reference Lender Update 2020-05 for complete information and the timeline.
- The HFA Preferred Risk Sharing option is no longer available for new registrations or locks.
- Our current guides and matrices will remain in place until the end of April to allow the remaining loans to work through the pipeline.
- Fully updated guides and matrices will be posted no later than May 1, 2020.
PLEASE NOTE: The HFA Preferred w/MI option remains unchanged!
Doing Business with WHEDA
Product Comparisons
Product Comparison DPA Product Comparison
Income Limits
WHEDA Income Limits Capital Access DPA Income Limits
Forms
Trainings
FNMA changes to WHEDA Advantage Conventional Program Training
View the pre-recorded webinar to learn about the FNMA changes to the WHEDA Advantage Conventional program that went into effect with all AUS casefiles with a FIRST submission date of September 5, 2019.
WHEDA HomeStyle® Renovation Training
View the pre-recorded webinar to learn more about HomeStyle® Renovation that may be used with the WHEDA Advantage Conventional program.
Loan Officers seeking their necessary certification may email kristi.rickey@wheda.com upon viewing the webinar to receive the assessment.
Loan Products
Limited Products
Lender Updates
2020 Updates
2019 Updates
2018 Updates
2017 Updates
2016 Updates
| UPDATE NUMBER |
DESCRIPTION |
|---|---|
| 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 |
| UPDATE NUMBER | DESCRIPTION |
|---|---|
| 2016.14 | Wisconsin Mortgage Form 3050 |
| 2016.13 | Conventional and FHA overlay Grid Revisions; New WI Security Agreement; Conventional Loan Limit changes; WHEDA Form revisions |
| 2016.13 | Submission of Post Closing Trailing Documents |
| 2016.12 | Home Improvement Advantage |
| 2016.11 | Mortgage Credit Certificate (MCC) Program Updates; MCC Forms and Exhibits |
| 2016.10 | 2016 Household Income and Purchase Price/Loan Limit; Conventional Guide & Matrix Updates |
| 2016.9 | Policy & Procedure Manual Update |
| 2016.8 | TRID - Common Findings |
| 2016.7 | WHEDA-Connect Guide Updated |
| 2016.6 | Revised Income Limits for all WHEDA Programs - Effective June 10, 2016 |
| 2016.5 | WHEDA Madison Office Temporary Closing |
| 2016.4 | Conventional Program Updates; Easy Close Update; FHA Program Updates; Coming Soon |
| 2016.3 | Loan Funding Change |
| 2016.2 | WHEDA’s New Website; WHEDA 2016 Home Ownership Conference |
| 2016.1 | 2015 Year in Review |