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Borrower Bonus

WCDA is excited to announce our $1,500 Borrower Bonus! The Borrower Bonus is available for a limited time only.

What is it?

A $1,500 gift to qualifying borrower (not limited to first-time homebuyers) purchasing a home using the HFA Preferred loan products.

What can it be used for?

It must be used to increase the funds the borrower has available for closing costs, prepaids and/or inspection fees. The Borrower Bonus cannot be used for down payment.

When the borrower is utilizing our amortizing DPA loan product, the gift will be used to reduce that loan, thereby reducing that monthly payment. The borrower must still have $1,500 of their own funds for the required investment.

Income limits?

Income limits by county.

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