Do approved WHEDA lenders need to complete a separate application and Loan Origination Agreement to do the Wisconsin Neighborhood Advantage loans?

April 26, 2017Agreement application Approved COMPLETE lenders loan Origination separate wheda Wisconsin

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Do approved WHEDA lenders need to complete a separate application and Loan Origination Agreement to do the Wisconsin Neighborhood Advantage loans?

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Yes. State statutes require that WHEDA maintains a strict firewall between its mortgage revenue bond (MRB) lending and other lending programs. As a result, any lender participating in the Wisconsin Neighborhood Advantage must sign a separate agreement.