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Updated almost 5 years ago on .

User Stats

50
Posts
4
Votes
Buddy Chou
  • Involved In Real Estate
  • Milwaukee, WI
4
Votes |
50
Posts

Looking for feedback on WHEDA loans

Buddy Chou
  • Involved In Real Estate
  • Milwaukee, WI
Posted

I have a property on the market.  I received an offer that is satisfactory in terms of price and other conditions.  However, the buyer is getting a WHEDA loan (Wisconsin's downpayment assistance program).  I have heard terrible things about the program: long underwriting time, change of borrower criteria, change of decision at last minute.  This information is several years old.  Does anyone have more recent experience with them?  Are there lenders that can bypass some of the WHEDA underwriting and underwrite directly themselves?

Thanks in advance.