House Hack Financing with a WHEDA loan

[Samuel Nigbur]

My wife and I are looking to get approved for a duplex in West Allis WI and we have around $12K saved up. Talking with a lender to get a WHEDA loan they want us to have 6 months of rent worth of assets on top of the down payment. The lender said that based off our information we would have no problem getting a single family for the same price because we would not need the additional assets.

Are the additional assets mandatory, or is it up to the lender and can be negotiated?