Affordable Home Loans
Find a loan with low down payment options or grant assistance to make buying a home more affordable.

Homeownership is more affordable than you think

Down payments as low as 3%
- Fixed-rate loan options with low down payments
- For buyers with limited credit histories
- Eligible for refinancing and first-time homebuyers
- Purchase a single family home or a warrantable condo
- Grants and down payment assistance may be available

Wisconsin Housing and Economic Development Authority (WHEDA)
The WHEDA loan option is available for select Wisconsin homebuyers.
- Low down payment options with fixed-rate terms
- Community down payment funds and loan assistance options available
- For homebuyers in targeted WHEDA counties or cities

Guaranteed Rural Housing
A United States Department of Agriculture (USDA) home loan option in eligible rural areas.
- Zero down payment loan with fixed-rate terms
- Community down payment funds and loan assistance options available
- For current homeowners and first-time homebuyers
- Funds available for housing rehab or home improvements
- Johnson Financial Group is a designated underwriter for Guaranteed Rural Housing
Down Payment Grant Programs

Up To $5,000 Down Payment Grant
- For first-time homebuyers purchasing a single family residence or warrantable condo
- Eligible for homes in these counties; Barron, Brown, Dane, Jefferson, Kenosha, Milwaukee, Outagamie, Ozaukee, Racine, Rock, Sawyer, Sheboygan, Walworth, Washington and Waukesha
- Home must be located in low or moderate income census tract
- Combine with a low down payment loan option and fixed-rate terms

A $500 or $1,500 Down Payment Grant
- Available with certain loan programs
- Grant may be used with the First $tep grant and other eligible grants
- For single family residences or warrantable condos
- Combine with a low down payment loan option and fixed-rate terms
- Grant amounts are based on county area median income guidelines
Community Loan Officers
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Buying a Home
Whether you're relocating to a new community, refinancing, buying your first home or moving into a new home, learn more about the home financing process.
LEARN MORE Learn more about the home financing process
On the move?
Find out how a local lender is your ideal partner—beyond helping you with a mortgage—as you take those critical first steps in your relocation and home search.
READ MORE Learn more about how a local lender can help you in your relocationLoans are subject to credit and property approval, bank underwriting guidelines, and may not be available in all states. Other loan programs and pricing may be available. Certain conditions, terms, and restrictions may apply based on the loan program selected. The term of the loan may vary based upon program chosen. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required.
WHEDA: The WHEDA Fannie Mae Advantage is based on Affordable Advantage TM, a product developed by Fannie Mae exclusively for Housing Finance Agencies (HFAs) as part of an agreement between Fannie Mae and the National Council of State Housing agencies (NCSHA). Affordable Advantage is a trademark of Fannie Mae. Unauthorized use of this mark is prohibited. Some restructions apply. Income guidelines and purchase limits do apply. Subject to appraisal, one loan and one payment, amount added to the mortgage loan. Home buyer education may be required. Loans are subject to credit approval and underwriting guidelines.
Rural Housing - Johnson Bank will provide guidance on resources to obtain homeownership education. The Annual Percentage Rate is 7.908% effective 09.05.2023 for a period of 30 days. Rates and payments based on 100% Loan to Value. No minimum down payment required. A monthly payment on a 360 month fully amortized $726,200 mortgage loan at 7.00% is $6.65 per $1,000 borrowed. Payments include principal and interest. Actual payments/monthly expenses may be greater due to term selected, property taxes and required homeowner’s insurance. Required closing costs, including property appraisal, title insurance, and other fees range from $2,000 to $2,500.
Community Mortgage - Fixed Rate Borrower must qualify for and meet all program requirements. Must qualify for and close a new purchase with Johnson Bank. Income guidelines and purchase limits apply. Two months reserves required (gift funds allowed) once minimum borrower’s contribution is met. Johnson Bank will provide guidance on resources for home ownership education. The Annual Percentage Rate is 9.026% effective 09.05.2023 for a period of 30 days. Rates and payments based on 97% Loan to Value. Minimum down payment of 3% required. A monthly payment on a 360 month fully amortized $726,200 mortgage loan at 8.05% is $7.37 per $1,000 borrowed. Payments include principal and interest. Actual payments/monthly expenses may be greater due to term selected, property taxes and required homeowner’s insurance. Required closing costs, including property appraisal, title insurance and other fees range from $1,500 to $2,000. Private mortgage insurance required on loans with less than 20% down.
Community Mortgage - Variable Borrower must qualify for and meet all program requirements. Must qualify for and close a new purchase with Johnson Bank. Income guidelines and purchase limits apply. Two months reserves required (gift funds allowed) once minimum borrower’s contribution is met. Johnson Bank will provide guidance on resources for home ownership education. The Annual Percentage Rate is 8.202% effective 08.01.2023 for a period of 30 days. Rates and payments based on 97% Loan to Value. Minimum down payment of 3% required. The interest rate on these loans vary and may increase after consummation. The interest rate cannot increase or decrease more than 2%-5% (contingent on ARM term) at the first adjustment period; and not more than 1% at each subsequent adjustment period. Your interest rate cannot increase or decrease more than 5% over the term of the loan. The interest rate will be based on the 30-day average SOFR (the index) as published by the Federal Reserve Bank of New York, plus our margin rounded to the nearest one eighth of one percentage point (0.125%). The initial monthly payment on a 360-month fully amortized $726,200 mortgage loan at the initial rate of 7.00% is $6.65 per $1,000 borrowed. Payments include principal and interest. Actual payments/monthly expenses may be greater due to term selected, property taxes and required homeowner’s insurance. Required closing costs, including property appraisal, title insurance, and other fees range from $1,500 to $2,000. Private mortgage insurance required on loans with less than 20% down.