The WHEDA Fannie Mae Advantage Loan - now offered by Summit – is designed specifically for first-time homebuyers. First-timers can get into a home with as little as $1,000 out-of-pocket. The WHEDA loan program offers low- to moderate-income members a fixed rate mortgage at a low cost and no monthly mortgage insurance premium.

Features and Benefits

• Low cost, 30-year fixed interest rate
• $1,000 minimum borrower down payment
• No mortgage insurance premium
• Job loss mortgage payment protection

This program coupled with the first-time homebuyer tax credit makes it a perfect time for first-time homebuyers to purchase a home.

To learn more about the WHEDA Fannie Mae Advantage for first-time homebuyers, contact one of our mortgage consultants or visit WHEDA.com.

Whether it's your first, second or third home, we're here to get you started today. Learn more about the home buying process and financing options available with Summit.