WHEDA zero-down loan available today

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.

WHEDA 1st-time buyer finanicng available again

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!!!!!