Community Reinvestment Act - Programs


Community ReinvestmentSome of the organizations and programs Associated has successfully partnered with in its community development lending efforts include the Federal Housing Authority, the Wisconsin Housing and Economic Development Authority, the USDA Rural Development – Guaranteed Rural Housing Program, the Chicago Federal Home Loan Bank, and the Small Business Administration.
Federal Housing Authority (FHA)
The FHA and Associated Bank make it easy to own a home by offering low fixed-rate mortgages with:
  • Low down payment options
  • Low cost private mortgage insurance
  • Flexible qualifying guidelines
  • Loans available for purchase and refinances

Enjoy the advantages of home ownership with an FHA mortgage loan from Associated Bank.

Wisconsin Housing and Economic Development Authority
Associated Bank’s partnership with Wisconsin Housing and Economic Development Authority (WHEDA®) provides low cost, fixed rate financing to first-time homebuyers. Associated has been consistently named one of the top lenders in Wisconsin by WHEDA®. In presenting an award to Associated, WHEDA® Executive Director Antonio Riley said, “WHEDA’s accomplishments in single family lending can be credited to our partnership with Associated and their dedicated loan officers.” To find out how Associated can help make your dream of home ownership a reality, simply call 866-LEND-ABC (866-536-3222).

USDA Rural Development – Guaranteed Rural Housing program
The United States Department of Agriculture, Division of Rural Development presented Associated Bank with a Platinum Level Lender Award in recognition of the bank’s production of more than $5 million in Guaranteed Rural Housing loans for two consecutive years. Rural Development and lenders across Wisconsin are committed to providing the financial resources to assist families obtain homeownership. By partnering together we are able to leverage our resources increasing homeownership in rural areas and improving the quality of life for residents.

Associated partners with Chicago Federal Home Loan Bank (FHLB)
As a member of the FHLB we have access to financing tools to promote affordable housing and economic development. The FHLB and Associated believe that improving the housing and economic opportunities available to individuals creates an environment for families and communities to prosper.

Associated is an active participant in the FHLB Downpayment Plus® (DPP®) Program. The DPP® Program provides grants to families with modest incomes to assist them with the down payment on a home and with related closing costs.

Many community nonprofit organizations that provide mortgage financing directly to home buyers such as, Habitat for Humanity, partner with Associated to apply for down payment assistance grants under the Downpayment Plus Advantage Program that is available through the FHLB.

U.S. Small Business Administration (SBA) Lender
Associated Bank specializes in SBA guaranteed loans. We are one of the premier SBA lenders in the states of Wisconsin, Minnesota and Illinois. Associated Bank authorized more SBA 7(a) loans than any other lender in the State of Wisconsin for the 8th year in a row. In addition to the state rankings, Associated moved into the top 18 SBA lenders nationally.

The U.S. Small Business Administration assists America's small businesses through a number of programs. The most commonly utilized program is the SBA 7(a) Guaranteed Loan Program. Under this program, guaranteed loans are made to business borrowers by lenders, such as Associated Bank, but are guaranteed by the SBA with funds appropriated by Congress.

Associated Bank holds both Preferred and Express Lender designations with the SBA. These designations allow Associated Bank to underwrite SBA loans quickly and efficiently; thus making the application process as seamless and efficient as our commercial loans.

CRA Contact Information

CRA Director
Gwen Dansby
414-278-1069

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