If you meet all of the WCDA First-time Homebuyer Program requirements and you are purchasing a WCDA–owned property, you may be eligible for a slightly lower interest rate under the Home Again Program.
The Home Again Program is a reduced rate loan program, 30 year fixed rate mortgage to eligible first time homebuyers purchasing a WCDA REO (Real Estate Owned) property under our Standard Single Family Program. To view the REO properties, go to the WCDA Properties Listed for Sale section.
WCDA First-time Homebuyer Program Requirements
You must be a first-time homebuyer or you may not have owned a home, as your principal residence, in the last three years
You must be able to qualify for one of the three following loan types:
• FHA - Federal Housing Administration
• VA - Veterans Administration
• RD - Rural Development Guaranteed loan program
Your total annual family income must be at or below the income limits. See Income & Purchase Price Limits
The home you are purchasing must meet the WCDA purchase price limitations. See Income & Purchase Price Limits
Manufactured homes on permanent foundations that meet the requirements of FHA Mortgage Insurance are eligible. WCDA will finance a manufactured home under the FHA program only.
You must be purchasing a home on six (6) acres or less or on not more than one legal building site.