WHEDA FTHB Advantage

First Time Home Buyer (FTHB) Advantage

The FTHB Advantage offers a preferred fixed, interest rate for qualified first-time home buyers.

FEATURES AND BENEFITS

First-time home buyers, veterans or people purchasing in a federally designated target area are eligible for this fixed-rate mortgage priced below the standard conventional interest rate.

GENERAL ELIGIBILITY GUIDELINES

  • Borrowers must qualify for a conventional WHEDA Advantage loan
  • Borrowers who have not owned a principal place of residence in the last three years*
  • * This requirement is waived if a home buyer is purchasing a home in a federally designated target area.

Veterans Affordable Loan Opportunity Rate (VALOR)

VALOR is an exclusive loan program that offers a reduced home loan interest rate for qualified veterans. This is a limited loan program and mortgage funds are available on a first come, first served basis.

FEATURES AND BENEFITS

Veterans are eligible for this fixed-rate mortgage priced below the conventional WHEDA Advantage market rate.

GENERAL ELIGIBILITY GUIDELINES

  • Must be a military veteran with an honorable discharge or release
  • Borrowers must qualify for a WHEDA Conventional Advantage loan
  • First-time home buyer requirement is waived