Affordable Home Loans

Find a loan with low down payment options or grant assistance to make buying a home more affordable.

A young couple sits on the floor of their new home, contemplating paint swatches. The room is a jumble of moving boxes and a lone backpack. The woman grins as the man gestures at the color options. A window peeks out in the background.

Homeownership is more affordable than you think

A young couple, fresh keys in hand, stand poised in their new, sunlit abode. She cradles a plant and a duster, he a box of tableware and tomes. The room, a canvas of possibility, is strewn with the remnants of their recent move.

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

A young couple, a Black man and a biracial woman, are seated together on a grey sofa, reviewing documents and looking at a laptop. The man is pointing at a document he holds in his hand, and both are smiling, suggesting they are having a positive discussion.

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

A calm and peaceful village is seen from above, surrounded by green trees. A small road winds its way through the forest, leading to the village. The village is made up of many different houses, each with its own style and color roof. In the distance, there are fields of green and gold, divided by a line of trees. The village and the nature around it seem to coexist in a peaceful way.

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

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A young Black woman, with a cardboard box and rolled-up rug in hand, gazes up with a smile as she steps into a sunlit room. Behind her, a Black man assists with a sizable potted plant. The scene suggests a new home in the making.

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.

APPLY NOW FIND A LOAN OFFICER

A smiling African American couple is engaged in a business meeting with a person who is out of focus and facing away from the camera. The couple is dressed professionally, with the woman in a white blouse and the man in a navy suit. The atmosphere suggests a positive and collaborative discussion.

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

APPLY NOW FIND A LOAN OFFICER

A family of four strolls in. Up front, a beaming lad makes a dash for the lens. In the back, a man and a woman beam too, with a wee one toddling along. There's a white brick fireplace, a window, and a glass door to the great outdoors. The floor? A fetching light brown wood.

A $1,250 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

APPLY NOW FIND A LOAN OFFICER

Community Loan Officers

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Wendy Bumgarner

AVP Senior Community Mortgage Loan Officer

Marlene Castillo

VP Community Lending Relationship Manager

Edson Marquez

AVP Community Mortgage Loan Officer

Maria Perez-Hernandez

AVP Senior Community Mortgage Loan Officer

Maria Rocha

Community Mortgage Loan Officer

Eyenith Sandoval

AVP Community Mortgage Loan Officer

Geoffrey Simons

AVP Senior Community Mortgage Loan Officer

Ana Valle Gonzalez

AVP Community Mortgage Loan Officer

Sara Whitley

AVP, Senior Community Mortgage Loan Officer

Related Resources

CALCULATOR

What Will My Payement Be?

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YOUR FINANCIAL LIFE

Buying a Home

YOUR FINANCIAL LIFE

Should You Renovate or Move?

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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. Conditions, terms, and restrictions, including property and flood insurance, will vary based on loan program selected and property location.

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.