7 First-Time Homebuyer Tips for Wisconsin in 2025 – A Simple Guide to Buying Your First Home
Thinking about becoming a first-time homebuyer in Wisconsin in 2025? You're not alone - and you're definitely not behind. With high home prices and rising interest rates, it's no wonder first-time buyers are feeling cautious. But don't let that stop you. You've got options, especially in Wisconsin.
Here are 7 tips to help you navigate the process and make smart choices - without the overwhelm.
1. Get Pre-Approved Before You Start Looking
Shopping without a pre-approval is like trying to buy a car with no idea what's in your bank account.
- Most loan programs require a 620+ credit score, though FHA goes as low as 580.
- My team and I collect the least amount of documentation possible, and we underwrite income up front.
- Getting pre-approved not only gives you a firm budget - it helps you make stronger offers.
➡️ Here's how to get pre-approved in 3 easy steps
2. Know What You'll Actually Need for a Down Payment
Forget the myth that you need 20%.
- FHA: 3.5% down
- Conventional 97: 3% down
- VA: 0% down (for eligible veterans)
And in Wisconsin, there are down payment assistance (DPA) programs that can cover part - or even all - of your down payment. Some cities even offer forgivable grants if you stay in the home for a few years.
3. Use First-Time Homebuyer Programs to Your Advantage
The WHEDA Advantage program is available to Wisconsin residents and can be paired with local assistance. There are also city-specific options like:
- Milwaukee: Up to $7,000 in forgivable grants
- Madison: Up to $20,000 with shared equity
- Green Bay: $3,000 - $8,000 through NeighborWorks
We'll help you figure out what you qualify for and how to stack the programs.
4. Take a First-Time Buyer Education Course
Some programs require it - but it's also just a smart move. You'll learn about:
- Budgeting and credit
- What to expect at closing
- Avoiding scams
- Managing homeownership long-term
You can take most of these courses online and even at your own pace.
5. Budget for More Than Just the Purchase Price
Here's what first-time buyers in Wisconsin often forget to factor in:
- Closing costs: 2 - 5% of the purchase price
- Home inspection: ~$400
- Appraisal: ~$550
- Moving costs, maintenance, & property taxes
Use my Wisconsin Mortgage Calculator to estimate your full monthly payment, including taxes and insurance.
6. Shop for the Right Lender - Not Just the Right House
Not all lenders are built the same. Here's what makes a difference:
- I only ask for what's needed based on automated underwriting results.
- My team underwrites your file upfront - so you close faster, with fewer surprises.
- We offer competitive rates and real advice, not cookie-cutter approvals.
➡️ Schedule a quick call with me here: Book a time
7. Don't Go It Alone - Use a Local Expert
The Wisconsin market moves fast. Inventory is still low in many areas, and competition is tough. That's why it helps to have someone who:
- Knows the local lending programs
- Understands what appraisers and underwriters are looking for
- Has a direct line to real estate agents in your area
That's where I come in.
Bottom Line
Buying your first home in 2025 doesn't have to be stressful. With the right plan, the right lender, and the right local help, it can actually be a great experience - and even a little fun.
Ready to Take the First Step?
If you’re thinking about buying, now's the time to explore your options. I'll walk you through everything step by step.
📲 Adam Zeman
Mortgage Loan Originator, NMLS #870441
Union Home Mortgage
📞 414-976-2654
📧 azeman@uhm.com
🌐 www.mkemortgage.com
🗓️ Schedule a Call
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