Page 12 - WHEDA Annual Report 2014
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He even charted out various loan options and the impact each would have on the Hillebrands’ budget.
“In the end, I recommended that a WHEDA loan would be the best option,” said Mr. Smart. “WHEDA was a great choice for Matt and Kerry. They had limited funds for a down payment, and WHEDA requires as little as a three percent down payment. In addition, WHEDA offers its Easy Close Advantage, a second mortgage loan option, to help pay for down payment and closing costs.”
Matt and Kerry chose a WHEDA mortgage along with an Easy Close Advantage loan, which meant they only had to pay $500 out-of-pocket at loan closing. As first-time home buyers,
they were also eligible for the WHEDA Tax Advantage program, which allows them to claim up to 25% of their annual mortgage interest as
a tax credit.
For over 40 years, WHEDA has helped more than 118,000 Wisconsin families and individuals become homeowners. Just like many home buyers before them, this millennial couple
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MiSSion. viSion. vAluES.
