Affordable Home Loans
Find a loan with low down payment options or grant assistance to make buying a home more affordable.
Homeownership is more affordable than you think
Down payments as low as 3%
- Fixed-rate loan options with low down payments
- For buyers with limited credit histories
- Eligible for refinancing and first-time homebuyers
- Purchase a single family home or a warrantable condo
- Grants and down payment assistance may be available
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 $10,000 For Down Payment and Closing Costs
Homebuyers must meet income eligibility requirements and:
- Contribute at least $1,000 to the purchase of the home
- Complete pre-purchase homebuyer education and counseling
- Live in the home as your primary residence
Downpayment Plus is a program from the Federal Home Loan Bank of Chicago. Restrictions apply. Please see the Federal Home Loan Bank of Chicago’s website at www.fhlbc. com for complete requirements. “Downpayment Plus” is a registered trademark of the Federal Home Loan Bank of Chicago.
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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
Community Loan Officers
Wendy Bumgarner
AVP Senior Community Mortgage Loan Officer
NMLS: 1518614
Marlene Castillo
VP Community Lending Relationship Manager
NMLS: 503082
Edson Marquez
Community Mortgage Loan Officer
NMLS: 921676
Maria Perez-Hernandez
AVP Senior Community Mortgage Loan Officer
NMLS: 408027
Vanessa Reyes
Community Mortgage Loan Officer
NMLS: 1110276
Maria Rocha
Community Mortgage Loan Officer
NMLS: 677834
Eyenith Sandoval
AVP Community Mortgage Loan Officer
NMLS: 408029
Geoffrey Simons
Community Mortgage Loan Officer
NMLS ID 1785618
Sara Whitley
Senior Community Mortgage Loan Officer
NMLS ID 822243
Related Resources
What will my payment be?
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Buying a Home
Whether you're relocating to a new community, refinancing, buying your first home or moving into a new home, learn more about the home financing process.
LEARN MORE Learn more about the home financing process
On the move?
Find out how a local lender is your ideal partner—beyond helping you with a mortgage—as you take those critical first steps in your relocation and home search.
READ MORE Learn more about how a local lender can help you in your relocation
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.