-
WHEDA 1st Time Homebuyer Loans Resume
Posted on February 12th, 2010 No commentsAfter a 17-month hiatus, Wisconsin Housing and Economic Development Authority will resume lending to first-time homebuyers starting March 1. WHEDA says low- and middle-income buyers with good credit will qualify for its new Fannie Mae Advantage product, WBAY-TV in Green Bay reported.
-
Putting Low-Income Buyers in Foreclosed Homes
Posted on January 3rd, 2010 No commentsThe Wisconsin Housing and Economic Development Authority introduced its Neighborhood Advantage program earlier this year to encourage people to buy foreclosed homes in five counties, including Rock County. Those who make less than 50 percent of the county median income are eligible for a loan of 50 percent of the purchase price. A separate, forgivable loan of up to 25 percent of the purchase price is offered to very low-income residents, the Janesville Gazette reported.
-
WHEDA Expects to Resume Mortgage Lending
Posted on October 23rd, 2009 No commentsA year after the financial crisis forced it to stop making mortgages, officials at Wisconsin Housing and Economic Development Authority (WHEDA) said the agency hopes to resume lending by early 2010, if not sooner, with the help of a new federal government initiative. WHEDA lending would make mortgage loans available again to low- and moderate-income Wisconsin residents at attractive rates, the Milwaukee Journal Sentinel reported.