Skip Navigation

Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view. Download Adobe© Acrobat Reader.

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 2017, 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 counseling, 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

Contact Jeff Williams for more details and program qualifications or visit our mortgage center for loan options or to 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