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6 Steps to a WHEDA Loan June 8, 2018

Interested in buying a home? Start with WHEDA!

Buying a home is one of the biggest and most exciting decisions you’ll make in your life. That’s why it’s important to get the best home loan available to match your financial situation. Let the WHEDA guide you toward your future home. 

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1. MANAGE YOUR MONEY

Have your finances in order before applying for a loan. Know your credit score, as most WHEDA’s programs require a minimum credit score of 620.

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2. FIND A LENDER

Contact a WHEDA Participating Lender, like Forward Bank. Our mortgage lender team will look at your monthly income, credit history, and debt level to qualify you for a WHEDA loan that best fits your needs. 

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3. CHOOSE YOUR LOAN

WHEDA has loan programs tailored to your individual needs whether you are purchasing, refinancing, or first-time or repeat buyer.

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4. HOME BUYER EDUCATION

Get educated! First-time borrowers using a WHEDA loan are required to take a home buyer education class. Learn about the buying process, financing options, and being a responsible homeowner.

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5. SHOP FOR YOUR HOME

Get pre-approved! Find out how much house you can afford narrows your search saving you time. After pre-approval, you can work with a qualified real estate professional to find a home in your target neighborhood and price range. 

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6. BECOME A HOMEOWNER

Congratulations!Closing is done, you are now officially a homeowner! Let WHEDA’s Loan Servicing Team help you mange your WHEDA loan account via phone at800-562-5546 or email servicing@wheda.com.

 

Contact a mortgage lender  or call us at 1-800-671-0942 to get started!

 

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