My lender presented the option to take out a WHEDA loan for my downpayment to take advantage of the tax credits. I have money for the downpayment but I want to maximize my savings for future properties. I was originally going to do a conventional loan but want to take advantage of being a first time buyer- house hack, through FHA. Does anyone have experience with WHEDA? Pros and cons?
I'm considering this option as well. I'd be interesting in knowing what you decided to do.
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