WHEDA Loan - Need HELP!

[Trevor Kearns]

I currently own 1 duplex (live in 1/2) my plan was to house hack and purchase a new 2-4 unit every 12 months for the next few years.

I am 6 months in to my loan and discovered that a WHEDA loan must be owner occupied the full length of the loan. Originally I had told my lending agent of my long term plan to pick up a new house hack every 12 months. MY lender pushed me towards the WHEDA saying it would fit my needs (I should have looked more into it.) After I made the discovery of the issue, my lender has been zero help, and other lenders don't want to refinance it because they are unfamiliar with WHEDA.

Has anyone else ever had this problem or know of anyone who went through a similar problem?

My plan is once I find a way to refinance is to use Fannie may/Freddie Mac loans to snowball my house hacking plan.

Any help is appreciated.