It's March 1st! The WHEDA FannieMae Advantage program came out today. Zero down, 30 year fixed rate for Wisconsin homes. 1st-time buyers (haven't owned a home in the last 3 years) or any buyer in a TARGET area. Rates change daily, but todays rate is 5.75% but that's with no mortgage insurance, no down payment, and only a $1,000 investment from borrower's own funds. Balance of closing costs and pre-paid expenses can be paid by the seller.
Just another program to help borrowers get in on the $8,000 1st-time buyer tax credit.
Call me for details. If you're not a 1st-time buyer, call me for the "target areas" to see if you can buy anyway.
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