Lenders & Down Payments
Homebuyer(s) are recommended to start establishing a lender relationship to receive pre-approval for a mortgage. Below, you will find a selection of lenders that have been actively involved in the project and are well-versed in the future home-buying process.
Homebuyer(s) will be required to make a minimum contribution of $5,000, which may come from savings or gifted funds.
As homes reach completion, a batch of approximately four (4) homes will be released for purchase at a time, bypassing the MLS system and eliminating the need for a realtor.
Local Lenders
Assistance Programs
Your chosen financial institution can assist you with your eligibility for the different down payment assistance programs. The following are programs that are available throughout Sheboygan County. For more information these programs, reach out to your Lender
Partners for Community Development
Through the American Rescue Plan Act (ARPA), Partners has limited time funding to assist single-family homebuyers living between 80 and 120% CMI in Sheboygan County with down payment and closing costs.
Financial assistance through Partners’ Housing Programs is provided as a 0% interest, deferred loan. Partners’ loans are secured through property liens and require no monthly payment. Loans are repaid when the home is sold or no longer the borrower’s primary residence.
Down Payment Plus
Downpayment Plus (DPP®) and Downpayment Plus Advantage® (DPP Advantage®) offer Federal Home Loan Bank of Chicago members easy-to-access down payment and closing cost assistance to help their income-eligible customers achieve homeownership. Homebuyers must apply and qualify for first mortgage financing through a participating lender in order to access the DPP funds.
WHEDA
The Wisconsin Housing and Economic Development Authority (WHEDA) offers unique financing options that get buyers into a home sooner, including affordable down payment assistance programs and mortgages. We offer our products through a network of approved banks, credit unions and mortgage banks throughout the state. Check out the WHEDA Consumer Home Buyers Web Page and other resources below to assist in your home buying journey.
WHEDA First Mortgage and Easy Close DPA Total Household and Purchase Price Limits
Ready to Purchase?
Apply today to be part of the Home Buyers Selection Process.
*Applicants must obtain pre-approval of a loan or mortgage before progressing with the application process. Individuals who submit a form for a home in Founders' Pointe without pre-approval will be disqualified from selection eligibility.
