WCDA Edge Product

WCDA Edge Product is a first mortgage for homebuyers in Statewide, Wyoming, administered by Wyoming Community Development Authority (WCDA). The WCDA Edge Product (introduced 2024) is a 30-year fixed-rate FHA, VA, or RD first mortgage for the purchase or refinance of a principal residence, available to both first-time homebuyers and current homeowners. It is similar to the Advantage product but features a longer 90-day interest rate lock and its own statewide income limit. There is no first-time-homebuyer requirement, and it may be combined with WCDA down payment assistance. No first-time homebuyer requirement. Available for purchase or refinance. 90-day interest rate lock. Single statewide income limit. Can be combined with WCDA down payment assistance. FHA/VA/RD financing.

WCDA Edge Product is a first mortgage and is repaid under the terms set by Wyoming Community Development Authority (WCDA). Repayment is triggered by Repayment of first mortgage per insurer/guarantor guidelines upon sale or transfer. The assistance is recorded in First position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

WCDA Edge Product is open to homebuyers who will live in the home as their primary residence. On credit, the program states: 620 minimum middle credit score required. A homebuyer education course is required, through Wyoming Housing Network, Inc. Residency requirement: Property must be in Wyoming. Owner-occupancy for at least one year after closing; 620 minimum middle credit score; 45% max DTI when using DPA; $1,500 minimum borrower contribution when using DPA; first mortgage must be at maximum LTV before calculating DPA. Gaps: funding source, recapture status, manufactured-home eligibility, and specific DPA pairing not published in the Edge QRG.

WCDA Edge Product limits household income to $138,320. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

WCDA Edge Product caps the purchase price as follows: No purchase price limit listed for Edge in the WCDA limits table (income limit only). Eligible property types include Single Family.

WCDA Edge Product names veterans, active-duty service members, and reservists and National Guard members among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

WCDA Edge Product serves homebuyers purchasing in Statewide, Wyoming.

Applications for WCDA Edge Product go through Wyoming Community Development Authority (WCDA), which publishes the current terms and the application steps on its own site. Funds are reserved through Reserved/originated through WCDA participating lenders; 90-day interest rate lock; current rates posted on WCDA website. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.