Down Payment Assistance & Homebuyer Education

The Equitable Bank participates in many advance payment support programs that assist income-eligible purchasers receive funds that assist with down closing and payment expenses.

  • FHLBC DPP Grant up to $6000
  • Residence Consortium DPA up to $5000

We utilize numerous area community teams to deliver homebuyer training, that will be necessary for many advance payment support programs.

Credit Builder Loan System

The Credit Builder Loan through the Equitable Bank is made to assist a person with no credit or with credit issues to re-establish good credit rating. It is also an excellent selection for those seeking to preserving for a sizable purchase or perhaps a deposit for a home that is new.

So how exactly does it work?

We shall provide you a collection sum of money ($500 or maybe more, predicated on your situation that is financial placed into an interest-earning certification of deposit (CD) in your title. Each you pay back the amount of the loan plus interest month. We are accountable to the credit bureau the manner in which you handle your loan re re payments every month. In the event that you create your monthly premiums on time you certainly will build an optimistic credit score, all while spending less on your own.

FHA (Federal Housing Management) Loan

VA (Veterans Affairs) Loan

WHEDA Loan (Wisconsin Housing and Economic Developing Authority)

WHEDA loans provide homebuyers a reduced payment per month, reduced price, and closing expense help for the 30-year mortgage that is fixed.

Contact any of our community lending specialists for more information.

Meet The Community Lending Team

Veron Gray

Consumer Philosophy

It’s important that my customers comprehend the home loan procedure and I also will usually work with their most readily useful interest.

Client Comments“Veron was really expert and worked beside me through this loan buying procedure for 2.5 years. Thank you Veron for all you work that is hard and.”

“we came across Veron Gray at a very first time house purchasers seminar (WHEDA), she’s got for ages been helpful in recent times. I have already been a client, and my experience was good. Every you have been helpful, friendly and professional.”

Several years of Experience: 17 years

My expertise is very first time house buyers and give programs. I favor helping people understand their desire possessing a property!

Gail Milani

Consumer Philosophy

Every consumer and each true mortgage loan is significantly diffent. We use the time for you to discover the patient requirements of each of my clients and make sure they know all of the options offered to them. My task would be to make certain I always work to ensure the process is as easy as possible that you are making informed decisions about your finances and.

Consumer Responses

“Working with Gail Milani therefore the Equitable Bank ended up being an extremely experience that is rewarding. We felt like Gail cared I am happy with the financial solutions she provided to me. about me as a person and”

Many years of Experience: 35 years in banking and 21 years in community lending

My expertise is based on working together with first-time house purchasers. We just take satisfaction in aiding every individual attain their aim of becoming a home owner. There’s nothing more fulfilling rather than visit a grouped family transfer to their brand new house.

Mario Monterrey

Consumer Philosophy

I will be passionate about homeownership and believe that assisting individuals enter into a brand new house is just a privilege. We will always work hard for my clients and treat all of them with the respect they deserve. My goal is always to do such a good work, that my customers cannot help but refer their loved ones and buddies. We utilize various types of home loan services and products while devoted to First-Time real estate and Grant tools.

Several years of Experience: 12 Years

With several years of banking experience, We have gained an enthusiastic comprehension of home loan financing and banking. This knowledge assists us to ask just the right questions, gather the vital information and make solid tips for my clients, predicated on their situation.

Client Philosophy

Developing significant relationships with my customers assists me to raised customize bank services and products to best fit their demands. Every consumer is exclusive and understanding may be the initial step.

Consumer Reviews

“Cicily is dedicated to her clients. She provides updates to both events, is out of her method to always help and is capable of being upfront and truthful.”

Many years of Experience: 16+ years

I have already been facilitating real estate seminars in both Spanish and English for several years. Being bi-lingual enables us to interact with a higher community of people that are seeking guidance throughout their house journey that is buying. We work closely with United Community Center and Housing Resources, Inc. and also have been in a position to broaden my knowledge and turn an specialist in community financing.