First-Time Homebuyer Programs in Wisconsin (2025 Update)
Buying your first home in Wisconsin? You might be closer than you think. With down payment assistance, low-rate loan options, and flexible credit requirements, 2025 is shaping up to be a strong year for first-time homebuyers - especially if you know where to look.
Let's break down the best first-time homebuyer programs available in Wisconsin right now.
1. Conventional 3% Down - HomeReady & Home Possible
If your income falls within certain limits and your credit is decent, HomeReady® (Fannie Mae) and Home Possible® (Freddie Mac) can be a game-changer.
- ✅ Just 3% down
- ✅ Reduced mortgage insurance
- ✅ Lower interest rates for qualifying borrowers
- ✅ Compatible with down payment assistance
Bonus: I offer the Union Home Mortgage $2,000 Grant when you use one of these programs and qualify - check it out here.
2. FHA Loans - Flexible Credit and Low Down Payment
The FHA loan is a go-to for first-time buyers, especially if you:
- Have limited savings
- Need flexibility on credit scores
- Want to buy with as little as 3.5% down
Even with higher debt-to-income ratios, FHA loans are accessible and stable. You can pair them with local or national assistance programs too.
Learn more here: FHA Home Loans in Wisconsin - Full 2025 Guide
3. USDA Loans - 0% Down for Rural Areas
Buying in a rural or suburban area? USDA loans offer zero down options and competitive interest rates - all with lower monthly payments due to reduced mortgage insurance.
Use the USDA Property Eligibility Map to check if your dream home qualifies.
4. VA Loans - Zero Down for Veterans & Active Duty
If you're a military service member or veteran, VA loans provide:
- 0% down
- No mortgage insurance
- Some of the lowest rates available
It's one of the most powerful first-time buyer tools for those who qualify. Learn more here:
3 Powerful Benefits of VA Loans for Wisconsin Veterans in 2025
5. Down Payment Assistance Programs
Many local counties and cities in Wisconsin offer grants or second mortgages to cover down payment and closing costs. For example:
- Milwaukee County DPA
- State of Wisconsin Housing Assistance Grants
- UHM Grant - Up to $2,000!
Not sure which you qualify for? I'll help you find and stack the best options - no guesswork required.
Final Thoughts: Don't Miss Out on These Programs
Getting started is often the hardest part. But when you have a mortgage advisor who knows how to combine the right programs, it becomes way more affordable to buy your first home in Wisconsin.
Call or text me today at 414-976-2654
Or apply online here: https://www.mkemortgage.com
✅ Need instant guidance?
Use my 24/7 mortgage assistant here:
Wisconsin Real Estate & Mortgage Expert