Real Estate Sales
     View ALL Listings
     Free $500 Offer
     View Virtual Tours
     Home Selling Tips
     Buyer Agency
Mortgage Lending
     Current Rates
     Payment Calculator
     Apply for a Mortgage
     Mortgage Products
Local Interest
     Michael's VLOG
     Local Flavour
     News & Weather
     Community Information
     We Buy Homes
Self-Storage & Moving
     Absolute Self-Storage
     Free Trailer Use
     About Us
     Contact Us



No Down Payment Mortgage and
Low Closing Cost Mortgage Program

NO down Payment required
Buy any home for as little as $50 out of pocket at close
30 year fixed rate mortgages close to conventional rates
Low Private Mortgage Insurance
Loan amount up to Appraised Value to include all closing costs and prepaid items
620 minimum credit score (clean previous 12-month history)
Flexible Debt-to-Income ratios: 29% (principal, interest, taxes, insurance) 41% total debt
Can't own any other home but need NOT be a first-time homebuyer!
Home must be located within an eligible area (under 20,000 population)
Property must be mechanically and structurally sound and meet thermal standards
Income properties not eligible - single family only.

Income limits will differ based on County and number of occupants in dwelling.

Columbia Jefferson Rock Dane
1-4 people $76,600 $81,450 $81,500 $75,200 $93,450
5-8 people $101,100 $107,500 $107,600 $99,250 $123,350

Other No Down/Low Down...
Government Mortgage Programs

Federal VA
- No Down Payment required!!!
- VA funding fee can be financed
- 1st time homebuyers allowed and a vet can reuse their eleigibility on subsequent homes
- NO Private Mortgage Insurance
- NO income or loan limits. 41 debt to income ratio
- Property can be located anywhere
- Close to market interest rate
- Must be eligible veteran w/DD-214
- BK allowed after 2 years. Alternative credit allowed.

State VA
- Below market interest rate.
- 1st time and subsequent homebuyers allowed
- NO income limits 25/35 debt to income ratios
- NO Private Mortgage Insurance.
- 5% down payment required
- Property must be primary residence. (condo, duplex, or multi-family if owner-occupied)

- Below market interest rate.
- 1st time homebuyers allowed -OR - has not owned in the last 3 years.
- 0% or 3% down payment. (can be fully gifted)
- Property must be primary residence. (can be duplex or multi-family if owner-occupied)
- Income limits will apply
- Home buyers counseling required.
- 33/38 debt-to-income ratios allowed.
- Purchase Price limits will apply
- Credit history focus on past 12 months. Alternative credit allowed. BD 3+ years.
- Mortgage Insurance required.
- Down payment can be fully gifted f/relative, gov't agency, commmunity ord. if 660 scored.


213 Front Street, Beaver Dam, WI 53916 920-887-9525