Wisconsin First Time Home Buyer

Real Estate Market News

wisconsin-first-time-home-buyerFirstHomeBuyers reports that the Wisconsin housing market has been stable with house values increasing 2.5% in the last 12 months and they are expected to rise another 2.5% in the coming year. The average price is $157,000 and you can find affordable homes in Racine, Oshkosh, Green Bay, Milwaukee, Eau Claire, and Appleton. The best places to live include Madison, Eau Claire, La Crosse, Kenosha, Appleton and Janesville. Some of the best small towns to live are Onalaska, River Falls, and Middleton WI and these cities are eligible for the zero down payment program. There are not as many homes for sale as a couple of years ago and the competition has stiffened to get an offer accepted on a home so it is important for a 1st homebuyer to get pre-approved and find a good Realtor to assist you in the purchase of your first home.


Wisconsin First Time Home Buyer Programs

USDA 100% Financing Program apply now
Zero down payment
640 minimum credit score
Property must be located in targeted area. Check property eligibility. Email with property address if you want us to check if the home is eligible.
Income restrictions apply. Check income eligibility.  
NO PMI or Private Mortgage Insurance
Seller can pay 6% of purchase price toward closing costs

FHA Program apply now
Low down payment
620 minimum credit score
Check single family, condo, and 2-4 unit property loan limits
FHA approved condos eligible
Kiddie condo option: Parents or family member can co-sign on loan
Lower down payment than standard FHA program is available in Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee if you purchase FHA Foreclosure
Down payment can be 100% gift or down payment assistance or grant funds
Seller can pay 6% of purchase price toward closing costs

Good Neighbor Next Door apply now
good-neighborGet home at 50% discount on home in target areas. Search homes now.
Must be law enforcement, police officer, teacher, firefighter, or emergency medical technician to be be eligible for this program
Low Down Payment Option available in HUD Participating Communities.**

Home Possible Neighborhood Solution Program apply now
teacher-first-time-home-buyer  You may be eligible for this program is you are a Teacher, Law Enforcement Officr, Firefighter, Healthcare Worker, Nurse, Emergency Medical Technician (EMT), or Military Personnel
620 Credit Score
Reduced mortgage insurance which means lower monthly mortgage payment
Flexible Qualification Guidelines

VA Loan
apply now
va-first-time-home-buyer0 down payment
Great fixed rate loan program with 0 Down Payment for veterans or active military personnel in Army, Navy, Marine Corps, Air Force, Coast Guard, and National Guard. Reservists eligible with 6 years service.
620 minimum credit score
No maximum loan limit
Single family home-VA approved condo-townhome

FHA Streamline 203k Renovation Loan apply now
203k-rehab-loanRepairs which range from $5,000-$35,000+ may be included in loan amount.
Great program to fix up foreclosures. 
Visit 203K Loan for more details on Streamline 203k program

PMI Buster apply now
Low down payment
NO PMI or mortgage insurance
720 minimum credit score


Rent Versus Own
Rents are moving up and you need to stop paying your landlord. When you own a home you build up wealth, get tax breaks, and experience the pride of homeownership. Try rent vs own calculator now and find out why owning a home is better than renting.

10 Steps To Buying Your First Home
Don't know where to start? View video on how to buy your first home.

Search Homes
Search for homes in your area. Start working with a Realtor and get the lastest property listings emailed to your email inbox. The inventory of homes on the market are down so it is important that you take action and set up an appointment to see the home you like as soon as possible. In most cases, you should use a Realtor to increase your chances of getting your offer accepted on the home you have your heart set on.

Down Payment Assistance
WHEDA Program provides $5,000 down payment and closing costs assistance in rural counties
Dream Makers Program
Grant program which matches your contribution three-to-one up to maximum $5,000. Military personnel (Active Duty, Reserve, National Guard, Veteran) are eligible for this program. FHA, VA, USDA programs available.
Apply for grant.There are maximum income limitations.
Community Development Block Grant Program provides 1st homebuyer grants in targeted Wisconsin communities.