THEY'RE BACK! Wheda has been out of home financing for a couple years but is back just in time! Their new program is the WHEDA Fannie-mae Advantage ZERO DOWN loan. Designed for borrowers who haven't owned a home in the past 3 years. Borrowers must contribune $1,000 toward closing costs from their own funds. Income restrictions vary per county. Wisconsin homes only. Single family and duplexes over 5 years old. Owner occupied only! Rates estimated around 5.75% with no mortgage insurance which makes it a competitive rate compared to a conventional loan around 5% with mortgage insurance.
This program comes out just in time for buyers to take advantage of the $8,000 buyer tax credit, also for those who haven't owned a home in the past 3 years.
There are also TARGET areas throughout Wisconsin where you can still buy even though you have owned a home in the past 3 years.
Call me if you need details.
63 days remain to get your offers accepted and take adavantage of the homebuyer tax credits!!!!!
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