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Wyoming Community Development Authority (WCDA) provides:

Correct Answer

B) Below-market-rate mortgages and down payment assistance for eligible buyers

WCDA offers first-time homebuyer programs, Spruce Up home improvement loans, and down payment assistance for eligible Wyoming residents.

Answer Options
A
Real estate licenses
B
Below-market-rate mortgages and down payment assistance for eligible buyers
C
Property appraisals
D
Interest rate regulation

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Related Topics & Key Terms

Related Topics:

first-time-buyersWY-specific

Key Terms:

WCDAWYaffordable

Related Concepts

TILA is a federal law that requires lenders to disclose the true cost of credit to borrowers, including the annual percentage rate (APR), total finance charges, and loan terms. It is implemented by Regulation Z.

A trustee sale is a type of foreclosure where a trustee, appointed under a deed of trust, sells the property at auction to satisfy the debt.

Usury is the practice of charging an interest rate that exceeds the maximum rate permitted by state law. Usury laws protect borrowers from excessive interest charges on loans.

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