Affordable Lending Options

Affordable Lending

FNMA  - Home Ready with lower MI options, Standard 97% LTV for first-time homebuyers

FDIC - FannieMae Affordable Lending Options

Wisconsin Housing and Economic Development Authority (Wheda) - Programs allow for 3% or 5% down, lower mortgage insurance options or no mortgage insurance options.  Also have a down payment assistance product for the 3% of the purchase price.

Getting Started | WHEDA

Mortgage Tax Credit Certificate - MCC

HOMEBUYER COUNSELING AND EDUCATION

Homeownership Education Sources

FDIC Money Smart Education

DOWN PAYMENT ASSISTANCE

Down Payment and Closing Cost Assistance

Home Consortium Down Payment Assistance Grant

  • Ozaukee, Washington, Waukesha and Jefferson counties
  • Income and purchase price limits apply
  • Up to $5000 in grant money, fully forgiven at the end of 5 years as long as you stay in your home for the full 5 years.
  • Home Ownership Assistance « The Home Consortium

FHLBC Down Payment Plus Grant

  • Income limits apply
  • Statewide
  • Up to $6000 with borrower contribution.  Fully forgiven at the end of 5 years as long as you stay in your home for the full 5 years.  Minimum borrower contribution of $1000
  • Down Payment Plus Fact Sheet