THE WHEDA® FANNIE MAE ADVANTAGE

This loan is specifically designed to help first-time homebuyers in Wisconsin achieve their dream of homeownership.

Features and Benefits:

• 100% financing: Finance up to 100% of the home’s acquisition cost with a safe, affordable mortgage serviced by WHEDA.
• Low down payment: Get into a home with as little as $1,000 in out-of-pocket expenses. This reduces your cash required to close, enabling you to purchase a home sooner with WHEDA.
• Low-cost, 30-year fixed interest rate*: Ensures your monthly principal and interest payment is affordable and will not increase during the entire life of your loan.
  

Program Requirements:

• Must be a first-time homebuyer with good credit and an income to support a monthly mortgage payment.
• Borrowers must contribute $1,000 of their own funds into the loan transaction.
• Income and purchase price limits apply.
• Pre-purchase homebuyer education is required.
• Property must be owner occupied.
  

Contact a mortgage loan officer  for more information or apply online.

* The above is based on a purchase price of $150,000 with 360 monthly payments of $875.36. Interest rate of 5.75% with 5.91% Annual Percentage Rate, as of 5/19/10. Rate subject to change. Payment does not include taxes and insurance premiums. Amount for payment obligation could be greater. Down payment can be made up of a gift, seller contribution, grant or borrower’s own funds. Interest rate buy-down may be available. Borrowers must qualify for financing. AnchorBank checking account required. Automatic payment required.