Transcription of HOME ADVANTAGE MANUAL - WSHFC
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HOME ADVANTAGE MANUAL Updated 9/1/2021 HOME ADVANTAGE MANUAL TABLE OF CONTENTS Click below to jump to a section or page. To search for specific terms, press CTRL+F. 1 - 1 Washington State Housing Finance Commission .. 1 Benefits of the Home ADVANTAGE Program .. 1 Purpose and Scope .. 2 Process Overview .. 2 MANUAL Updates & Revisions.
The Home Advantage program is designed for low and moderate-income households. Advantages include: • Program advantages for Borrower: – Qualifies for a larger mortgage. – Flexible underwriting criteria. – Upfront Mortgage Insurance program available. – Up to 97% LTV on Fannie Mae HFA Preferred or Freddie Mac HFA Advantage
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