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Home$tretch Loan Program

The Home$tretch Loan Program provides assistance with down payment and closing costs for borrower’s utilizing our Standard First Time Homebuyer Program. This program places a second mortgage on the property of up to $10,000. The homebuyer is required to take both our regular Homebuyer Education Class and the One-on-One Counseling class. These loans are offered in conjunction with WCDA first mortgage purchase loans through WCDA participating lenders only.

  • Minimum Required Borrower’s Contribution –$1,500.00

  • Maximum loan amount - $10,000

  • 0% interest rate and 0.080% APR

  • No monthly payment

  • Minimum middle FICO score (credit score) - not less than 620

  • Total Debt to Income ratio may not exceed 41%

  • Due upon sale of the property or refinance

WCDA news

WCDA Closed February 19, 2018

WCDA will be closed all day Monday, February 19, 2018. We will reopen with regular…read more »

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