Homeownership is more affordable than you think
Community Loan Officers
Sara Whitley
AVP, Senior Community Mortgage Loan Officer
Marlene Castillo
VP Community Lending Relationship Manager
Wisconsin Housing and Economic Development Authority (WHEDA)
The WHEDA loan option is available for select Wisconsin homebuyers.
- Low down payment options with fixed-rate terms
- Community down payment funds and loan assistance options available
- For homebuyers in targeted WHEDA counties or cities
Guaranteed Rural Housing
A United States Department of Agriculture (USDA) home loan option in eligible rural areas.
- Zero down payment loan with fixed-rate terms
- Community down payment funds and loan assistance options available
- For current homeowners and first-time homebuyers
- Funds available for housing rehab or home improvements
- Johnson Financial Group is a designated underwriter for Guaranteed Rural Housing
Down Payment Grant Programs
Up To $5,000 Down Payment Grant
- For first-time homebuyers purchasing a single family residence or warrantable condo
- Eligible for homes in these counties; Barron, Brown, Dane, Jefferson, Kenosha, Milwaukee, Outagamie, Ozaukee, Racine, Rock, Sawyer, Sheboygan, Walworth, Washington and Waukesha
- Home must be located in low or moderate income census tract
- Combine with a low down payment loan option and fixed-rate terms
A $500 or $1,500 Down Payment Grant
- Available with certain loan programs
- Grant may be used with the First $tep grant and other eligible grants
- For single family residences or warrantable condos
- Combine with a low down payment loan option and fixed-rate terms
- Grant amounts are based on county area median income guidelines
Loans are subject to credit and property approval, bank underwriting guidelines, and may not be available in all states. Other loan programs and pricing may be available. Certain conditions, terms, and restrictions may apply based on the loan program selected. The term of the loan may vary based upon program chosen. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required.
Private mortgage insurance may be required on loans with less than 20% down.
WHEDA: The WHEDA Fannie Mae Advantage is based on Affordable Advantage TM, a product developed by Fannie Mae exclusively for Housing Finance Agencies (HFAs) as part of an agreement between Fannie Mae and the National Council of State Housing agencies (NCSHA). Affordable Advantage is a trademark of Fannie Mae. Unauthorized use of this mark is prohibited. Some restructions apply. Income guidelines and purchase limits do apply. Subject to appraisal, one loan and one payment, amount added to the mortgage loan. Home buyer education may be required. Loans are subject to credit approval and underwriting guidelines.
Home Possible: Loan is subject to change or withdrawal without notice. Borrower(s) must qualify for and meet all program requirements prior to close of the loan.
Community Mortgage: Borrower must qualify for and meet all program requirements. Must qualify for and close a new purchase with Johnson Bank. Income guidelines and purchase limits apply. Two months reserves required (gift funds allowed) once minimum borrower’s contribution is met.
Johnson Bank will provide guidance on resources for home ownership education.