WHEDA Expands Financing Options for Homebuyers
Angie Diedrich2020-09-10T11:26:51-05:00The Wisconsin Housing and Economic Development Authority has expanded its single-family financing options to help more Wisconsin residents achieve the dream of homeownership. The new financing options include loans with increased down payment assistance of up to 6% of a home’s purchase price and an expanded number of lenders that may originate WHEDA Advantage FHA loans. Meanwhile, the current shortage of move-in ready homes has increased the utility of WHEDA’s Homestyle Renovation loans, which allow borrowers to finance all costs associated with purchase and renovation through a single 30-year, fixed rate mortgage loan. “For many prospective homebuyers, the lack of [...]