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Looking for Down Payment assistance?

Purchasing a home is a big financial decision.  Our goal at F&M Bank is to make sure you choose the best option to fit your personal and financial needs.  That's why, at F&M Bank we offer 3 different products to make it easier for you to put money towards your new home.  
Home Mortgage

DownPayment Plus Program*

Receive up to $6,000 towards your down payment.   If you are looking to purchase a home in 2018, you may be eligible for the DownPayment Plus Program.  

If you are able to contribute at least $1,000 to the purchase of a home which will be your primary residence, participate in pre-purchase homebuyer education, and meet the income guidelines you may qualify.  


WHEDA Easy Close**

Piggyback an Easy Close second mortgage with a WHEDA first mortgage to lower or cover your down payment and/or closing costs. 

  • Fixed-rate second mortgage
  • Loan can be the greater of 3% of the purchase price or $3,000 for a conventional loan
  • Loan can be the greater of 3.5% of the purchase price or $3,500 for a FHA loan
  • May be used for down payment, closing costs or single-payment mortgage insurance premiums
  • First-rate, local loan servicing by WHEDA
  • PROGRAM REQUIREMENTS:
    • Only cost is a recording fee
    • Must pair Easy Close with a WHEDA first mortgage loan
    • Income and credit guidelines apply

WHEDA Capital Access Advantage**

A WHEDA Capital Access second mortgage is a low-cost, deferred down payment assistance loan designed for home buyers.  

  • $3,500 loan to be used for down payment and closing costs
  • 0.00% Annual Percentage Rate second mortgage
  • Offers a deferred payment; the loan is payable at the time the first mortgage is paid in full
  • No prepayment penalties
  • First-rate, local loan servicing by
  • WHEDA PROGRAM REQUIREMENTS:
    • Only cost is a recording fee
    • Must pair the Capital Access Advantage with a WHEDA first mortgage loan
    • Eligible properties must be located in a high housing need market area
    • Income and purchase price limits apply

Ready to get started?  APPLY ONLINE


All loans subject to credit approval. 

* Downpayment Plus is a program from the Federal Home Loan Bank of Chicago. Restrictions apply. Please see the Federal Home Loan Bank of Chicago's website at www.fhlbc.com for complete requirements. "Downpayment Plus" is a registered trademark of the Federal Home Loan Bank of Chicago.

**WHEDA (Wisconsin Housing and Economic Development Authority) Certain program restrictions and eligibility requirements apply.  For more information contact F&M Bank or visit wheda.com