WHEDA's Easy Close Advantage loan is back by popular demand!  Effective September 1, 2010 this loan will provide borrower's with down payment and closing cost assistance on a WHEDA first mortgage loan.  The maximum loan is $3,000 with an interest rate that’s just 1% higher than the proposed WHEDA first mortgage.  The minimum loan-to-value is 95%.  Education through a WHEDA-approved credit counseling agency or WHEDA Home Buyer Workshop is required. For more infomation, feel free to contact me or WHEDA (414) 227-2039.

WHEDA FANNIE MAE ADVANTAGE
With this program, buyers can get into a home for a lot less down and with a competitive monthly mortgage payment. This statewide loan product keeps borrower costs down by eliminating some common mortgage fees enabling WHEDA to provide an affordable, 30-year fixed rate loan product.

WISCONSIN NEIGHBORHOOD ADVANTAGE PROGRAM
The loan can be used to purchase a foreclosed and a vacant single family home and finance limited home repairs. This loan product is available for a limited time in Milwaukee, Racine, Kenosha, Brown and Rock counties.

WHEDA HOME IMPROVEMENT ADVANTAGE
This loan is now available exclusively for WHEDA homeowners to complete up to $10,000 in home repairs.

WHEDA has adapted to meet changing market demands while continuing to develop innovative products and programs—from unique down payment options to job loss mortgage payment protection, to educational resources and more. Click here for more information and income limits and also visit the WHEDA web site for more information on their products.

LEARN MORE: www.wheda.com

Highlights of the WHEDA Fannie Mae Advantage include:

• 100% financing for borrowers with excellent credit
• A low-cost, 30-year fixed interest rate
• As little as $1,000 cash out-of-pocket, reducing the amount of money borrowers need to close
• Reduced mortgage fees, including no private mortgage insurance requirement
• Job loss payment protection, which covers up to six months of mortgage payments in the event of an involuntary job loss
• The WHEDA Fannie Mae Advantage can be paired with the home buyers tax credit
• WHEDA's income and purchase price limits are substantially higher than previous years - as much as 10-13% - allowing more families and more homes to qualify for this loan.
  

Building Stronger Neighborhoods

Milwaukee Foreclosure Partnership Initatives provides help for foreclosure relief. For information visit: Milwaukee DCD: Neighborhood Stabilization Program