Page 11 - WHEDA Annual Report 2014

The Hillebrands, McFarland, Wisconsin
younG fAMily’S viSion of HoME coMES to fRuition WitH WHEDA
As marketers, economists, and newscasters try to understand the unique values, spending habits, and lives of millennials, they often cite how recent graduates would like to buy a home, but just can’t afford it. Whether the challenge is mounting student debt or difficulty in finding good, high paying jobs isn’t clear, but owning a home is still their vision for the future. Conversely, at WHEDA, millennials comprised 77 percent of all 2013 WHEDA single family loans made statewide, totaling $97.5 million. Through WHEDA’s mission, local lenders are able to offer products that can help millennials purchase a home of their own.
Kerry and Matt Hillebrand’s two-year old daughter Cora was the inspiration that ultimately resulted in a WHEDA mortgage and the young family’s first home.
In early 2014, the young couple wanted to learn more about home financing options. As members of the UW Credit Union, they worked with mortgage loan officer Chris Smart. The couple specifically inquired about two different programs: FHA and WHEDA. Mr. Smart discussed the loan process and the importance of getting pre-approved for a home loan, before setting out on their home buying search.
WHEDA AnnuAl REpoRt 2014
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