Affordable Home Lending Options
Your path to homeownership starts here—and with an array of affordable mortgage and down payment assistance programs, you’re closer than you think.
From your first to your forever home, we’re here to help make homeownership happen. With flexible loan options, grant programs and mortgage professionals ready to guide you every step of the way, you can move forward with confidence. Together, we can find the right fit for your life, budget and journey.
Program for Assisting Today’s Homebuyer (PATH)
The name reflects the program's core mission: to make homeownership more attainable through our down payment assistance grant program, reducing barriers and providing supportive guidance throughout the projects. Features of this program include:
- Down payment and grant dollar amount varies based on location and qualification.¹
- PATH is a 100% immediately forgiven grant.
- Can be combined with other grant programs.
- Available on fixed-rate mortgages, adjustable-rate mortgages and construction loan products.
- For owner-occupied primary residences.
Community Affordable Real Estate (CARE) mortgage program
Owning a home isn’t out of reach. In fact, CARE makes it possible with our highly affordable, community-oriented homebuying program. Features of this program include:
- First-time and repeat homeowners are eligible.
- Low down payment (funds can come from a gift or grant).
- Can be combined with other grant programs.
- No mortgage insurance required.
- Fixed-rate payment options with extended terms.
- Flexible credit guidelines.
HomeReady® mortgage program²
For those with modest savings, the HomeReady mortgage program by Fannie Mae® can be a great option, whether you’re a first-time homebuyer, a repeat buyer or an existing homeowner looking to refinance. Features of this program include:
- Down payment as low as 3% (borrower income and purchase area must qualify).³
- Flexibility in down-payment funding (can come from gifts or grants).
- Online homeownership education course required.
- For owner-occupied primary residences.
Veterans Affairs (VA) loans
Are you a United States veteran? This flexible mortgage option, which tends to be more affordable than other loans, includes assistance with closing costs for qualified armed services veterans. Features of this program include:
- No down payment required.
- Buyer can finance up to 100% of property value.
- No mortgage insurance required.
- Funding available for both purchases and refinancing.
- For single-family, duplex, two-to-four unit or condo properties.
Not sure which affordable home lending program is right for you?
Our mortgage professionals are here to help guide you to the best fit for you and your homebuying goals.
Mortgage Loan Range Calculator
Wondering what mortgage amount you may be eligible for? Use our mortgage loan range calculator.
Your Results
Based on the information you entered, you could qualify for a mortgage loan up to:
| Estimated Mortgage Loan Range | |
|---|---|
| $157,000 - $282,000 | |
We're sorry. You may not qualify for a mortgage loan with us.
You entered your monthly income at $6,700.
In order to qualify for a mortgage, your monthly expenses would have to be less than $XXX,XXX.
You may qualify for another kind of loan or line of credit. Call (800) 236-3617 to speak with a banker to discuss your options or learn more about mortgages.
These estimates are provided for informational purposes only. Always consult a banker for your individual situation.
PATH grant assistance is for downpayment and closing costs. PATH grant assistance eligibility and amount may vary based on geographic location. Consult your lender for details. First-time home buyers will need to complete a Home Ownership Educational Program. Refinance transactions are not eligible. PATH grant assistance is only available with an Associated Bank first mortgage. Exclusions apply. Associated Bank reserves the right to discontinue the program at any time without notice. Loan products are offered by Associated Bank, N.A., and are subject to credit approval and involve interest and other costs. Please ask about details on fees and terms and conditions of these products. Property insurance and flood insurance, if applicable, will be required on collateral. (1468)
Property must be owner occupied. The maximum Loan to Value (LTV) of 97% applies to 1-unit purchase transactions only. Lower LTVs required for 1-unit limited cash out refinance (95%) and 2-unit (95%) and 3-4 unit (95%) transactions. No minimum contribution of funds only applies to 1-unit properties. Mortgage insurance and escrow for taxes and insurance is required on all loans with LTV greater than 80%. Must meet minimum credit score requirement. Reserve requirements may apply. (1534)
This is a fixed-rate loan with fixed monthly principal and interest payments for the life of the loan. For example, a $300,000 loan for a term of 360 months with a 5.5% APR, the monthly principal and interest payment will be $1,703.37. Monthly payment does not include amounts of mortgage premiums, and the actual payment obligation will be higher. (1535)
Loan products are offered by Associated Bank, N.A., and are subject to credit approval and involve interest and other costs. Please ask about details on fees and terms and conditions of these products. Property insurance and flood insurance, if applicable, will be required on collateral. (1050)