Feb
22
WHEDA’s new Fannie Mae Advantage Program, effective March 1, 2010
Posted by dorothyerickson under For Buyers, For Sellers, General Information
Great News! WHEDA is back! WHEDA has a new and improved loan program and will start taking applications on March 1, 2010. The new program called “Fannie Mae Advantage” does not require a down payment or mortgage insurance. It will offer low cost, 30 year, fixed interest rate and higher income limits, $66,00 for 1-2 person household and $75,900 for 3+ person household, in Brown County. Borrower will need to contribute a minimum of $1000 contribution into the loan transaction. Credit score requirements of 660 – 680 depending on the loan to value and home buyers counseling will be required. Purchase price limit in Brown County is $235,000. Contact your lender for more details! Contact Dorothy Erickson at Mark D Olejniczak Realty, 920-321-9138 to start your search for your dream home today!! “There’s No Place Like Home”
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