The Wyoming County Development Authority, or WCDA, offers the Home$tretch Loan Program as a way to help with the costs associated with a home purchase.

As much as $10,000 is available as a deferred loan with 0% interest. This loan amount becomes due when the house is sold or refinanced, or when the first mortgage has been paid in full.

Applicants must have a first mortgage with an approved participating lender to utilize this program.

Applicants must also be able to put down at least $1,500 from their own funds towards the home purchase. However, this can be from gift funds.

Finally, applicants must have a credit score of 620 or higher, and have a debt-to-income ratio no more than 41%.

Homebuyer education and counseling will also be required.

Other programs in Wyoming:

• Welcome Home Wyoming Program

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