Special Financing

Recent government programs are now available to buy a new home with little or no money down in many areas around the U.S. This special financing is ideal for customer looking to build a new home for less than $250,000. Although the program doesn't actually restrict the purchase price of the home, income restrictions do apply, which will ultimately restrict the purchase price. Property restirctions also apply as homes must be built in communities with populations under 10,000.

Property Eligibility

To qualify for this special financing, customer must meet income guidelines. Income guidelines must normally be less than the median income for the area in which you're looking at building. You are allowed to deduct child care and medical costs from your income as well. So, even if you make more than standard income limits, you may qualify. Below is a list of 2010 adjusted income guidelines for Wisconsin. Please contact a Beome.com representative at 414-899-4163 to see if you qualify or apply online.

County or Region 1-4 Person Family 5-8 Person Family
Appleton, WI MSA $82,800 $109,300
Kenosha County, WI HUD Metro FMR Area $81,500 $107,600
Duluth, MN-WI MSA $75,750 $100,000
Eau Claire, WI MSA $73,600 $97,150
Fond du Lac, WI MSA $75,450 $99,600
Green Bay, WI HUD Metro FMR Area $75,750 $100,000
Oconto County, WI HUD Metro FMR Area $73,600 $97,150
Janesville, WI MSA $75,450 $99,600
La Crosse, WI-MN MSA $73,600 $97,150
Madison, WI HUD Metro FMR Area $92,000 $121,450
Columbia County, WI HUD Metro FMR Area $77,850 $102,750
Iowa County, WI HUD Metro FMR Area $76,500 $101,000
Milwaukee-Waukesha-West Allis, WI MSA $81,300 $107,300

Property Eligibility

The U.S. Government has designated communities across the U.S. as eligible for this program. As a general rule, communities are normally eligible if the population is less than 10,000. Below is a map of eligible properties in greater Milwaukee, Wisconsin. Please contact a Beome.com representative at 414-899-4163 to verify that your community qualifies for this special financing program before you begin your search.


Eligibility Map

Mortgage rates

Special Financing Communities