First-Time Homebuyer Programs & Down Payment Assistance in Milwaukee WI: Your 2025 Guide
If you've never owned a home (or haven't in the last three years, depending on the program), you're often eligible for special tools: lower down payments, flexible credit guidelines, and grants or assistance toward closing costs.
One of the most powerful programs available right now is the Home Start Program from Union Home Mortgage. It pairs a standard mortgage with meaningful down payment and closing-cost assistance, making homeownership more realistic - especially in competitive markets like Milwaukee. (UHM Home Start Program details)
The UHM Home Start Program: What It Is & How It Works
Here's how the program breaks down:
- The Home Start Program offers up to 5% of the sales price (or appraised value) in assistance to cover down payment and, in some cases, closing costs.
- For example: If you purchase a home for $250,000, 3.5% down under FHA would be $8,750 - the Home Start 5% DPA could provide up to $12,500, covering that down payment and 1.5% (in this case $3,750) toward closing costs.
- The first mortgage remains a full 30-year fixed loan and is serviced locally by Union Home Mortgage.
- It's designed for both first-time buyers and those who meet low - to - moderate income criteria, and the home must be owner-occupied.
Steps to Use Home Start & Buy Your First Home
- Get pre-approved. We'll review your income, credit, assets and see if you qualify for the Home Start assistance.
- Choose your home. Under the program, you'll pair your first mortgage with the Home Start Down Payment Assistance (DPA).
- Apply for assistance. We secure the DPA (second loan) alongside the first mortgage so you have minimal cash out of pocket.
- Make your offer with confidence. Showing your agent you qualify with assistance often strengthens your offer.
- Close and move in. With the first mortgage serviced locally by Union Home Mortgage, you're set for the next step in homeownership.
Common Questions First-Time Buyers Ask
- What's the minimum down payment? With standard FHA you're looking at 3.5% down, and with the Home Start DPA it may be fully covered.
- Is the program only for first-time buyers? It's primarily designed for first-time homebuyers or those who meet low/moderate-income thresholds under program rules.
- Do I need a perfect credit score? No - FHA-based programs are more flexible; we'll walk you through what you need.
- Can I use it in Milwaukee and Waukesha counties? Yes - the program is available through Union Home Mortgage in Wisconsin.
- What about closing costs? The Home Start DPA may allow up to 1.5% of the purchase price to offset closing costs.
Why Work With Me as Your Local First-Time Buyer Specialist
Buying your first home with assistance takes local knowledge and experience. I'm here to guide you every step of the way:
- I help you optimize these programs - not just qualify, but use them strategically.
- I know the Milwaukee-area market and help craft offers that stand out.
- I simplify the paperwork, coordinate with lender + agent, and help you move fast.
📞 Call me today at 414-976-2654 or schedule your consultation here to explore how the Home Start Program can work for you.
Related Reads
- 5 Essential Mortgage Tips for Milwaukee First-Time Homebuyers
- How Much House Can You Afford in Wisconsin Right Now?
💬 Final Thoughts
First-time homebuyer programs and down-payment assistance in Milwaukee WI - especially the Home Start Program - are your ticket to buying smarter, faster, and with less upfront cash.
If you're serious about making your homeownership dream happen, reach out today.
📞 Call or text 414-975-2654
🌐 www.mkemortgage.com
📅 Schedule Your Appointment