wheda: WHEDA becomes a viable option again - 05/14/10 06:58 AM
As the consumer lending market tightens, home buyers who do not have at least a 5% down payment for a home are finding it difficult to obtain financing for a home purchase. Traditionally, these buyers have had the option of getting an FHA loan if they have a 3% downpayment or utilizing Rural Development for their mortgage if they don't. Rural Development is currently not lending, however. Legislation is in the works to continue funding this government program, but until then, they are not lending.
Fortunately, another government agency has begun lending once again. WHEDA (Wisconsin Housing and Economic Development … (0 comments)