Buying A Home Might Be Closer Than You Think
Saving for a down payment can feel like the biggest barrier to buying a home. FVSBank can help you explore assistance programs that may reduce upfront costs and make home ownership more affordable.
Helping Wisconsin buyers purchase homes with confidence.
Get Help With Upfront Costs
You may be able to use down payment assistance toward:
- Down payment
- Closing costs
- Eligible prepaid expenses
- Other qualified home buying costs
Whether you’re buying your first home or your next home, our local mortgage team can help you understand what may be available.
Program Options
Downpayment Plus® Program
Eligible home buyers may receive up to $10,000 to use toward down payment and closing costs.
Key Benefits
- Up to $10,000 in assistance
- Can help reduce upfront expenses
- May be used with other eligible programs
- Available to qualifying first-time and repeat homebuyers
You May Qualify If You:
- Meet income eligibility requirements
- Contribute at least $1,000 toward the purchase
- Complete required home buyer education and counseling
- Plan to live in the home as your primary residence
WHEDA Down Payment Assistance
WHEDA offers additional support for eligible Wisconsin home buyers through affordable loan options that can help with down payment and closing costs.
Key Benefits
- Flexible loan options
- Competitive fixed-rate options
- May be combined with other eligible programs
- No prepayment penalty
You May Qualify If You
- Meet WHEDA income and purchase price limits
- Complete WHEDA-approved home buyer education
- Use the home as your primary residence
Can Programs Be Combined?
In some cases, yes. Downpayment Plus® may be layered with other assistance options, including WHEDA programs, if eligibility requirements are met.
The best way to know what fits your situation is to talk with a local FVSBank lender.
Not Sure Where to Start?
That’s exactly what we’re here for.
Our mortgage team can help you understand:
- how much you may need upfront
- What assistance programs may fit
- What monthly payments could look like
- What steps to take before shopping
- How to feel more confident before making an offer
Frequently Asked Questions
Do I have to be a first-time home buyer?
Not always. Some programs may be available to repeat homebuyers who meet eligibility requirements.
Can assistance be used for closing costs?
Yes. Eligible funds may be used toward qualifying down payment and closing costs.
Do I need perfect credit?
No. You do not need perfect credit, but credit history and overall financial qualifications will be reviewed.
Is homebuyer education required?
Yes, certain programs require approved homebuyer education or counseling.
How do I know which program is right for me?
An FVSBank lender can review your goals, budget, and eligibility to help identify available options.
Ready to Take the First Step?
Buying a home can feel overwhelming, but you don’t have to figure it out alone. FVSBank is here to help you explore your options and move forward with confidence.
*Downpayment Plus® is a program offered by the Federal Home Loan Bank of Chicago. Eligibility requirements apply. Program funds are limited and subject to availability.
** The education requirement must be delivered by a HUD-approved counseling agency or by an online provider approved by FHLBank Chicago. The counseling requirement must be delivered by a HUD-approved counseling agency.
***WHEDA programs are subject to eligibility requirements and availability. Contact an FVSBank loan officer for details.