Community Heroes and Experts Program

  • Special purchase program for only 1% down up to the conventional loan limit
  • Program requires mortgage insurance
  • 1-unit primary residence only (no other owned property at time of closing)
  • Good credit borrowers with 740+ scores with 41% maximum debt ratio
  • Adjustable rate mortgage with competitive rates locked in for first 5 years
  • At least one borrower must be employed in one of these Heroes or Experts categories:
    • Public or private educational institution
    • Fire Department
    • Federal, state or local government law enforcement agency
    • Medical care provider, including, but not limited to:
      • Hospitals
      • Physicians’ offices and medical practices
      • Inpatient and outpatient care centers and clinics
      • Assisted living facilities
      • Skilled nursing facilities
      • Home health agencies
    • Nurses (all designations, including a Certified Nursing Assistant [CNA])
    • Emergency Medical Technicians (EMTs) and Paramedics
    • Active or former military personnel
    • Certified Public Accountants (CPAs)
    • Chartered Financial Analysts (CFAs)
    • PhDs
    • Architects
    • Certified Mortgage Bankers (CMBs)
    • Actuaries (with the certain designations)

For more information, Contact A Mortgage Lender today!

The 5/1 ARM Conventional includes a rate that is variable and is subject to increase or decrease. Payments may increase or decrease after the initial period. After the initial period of 5 years, the variable interest rate will adjust every 1 year and equal the total of the 1-year Treasury index plus a margin of 2.75% (rounded to the nearest 1/8th of a percent). The payment will adjust based on the remaining term of the loan and the new rate. The maximum initial change in the interest rate is 2%, with maximum subsequent periodic adjustments in rate of 2% and a maximum rate increast of 6%. Wisconsin properties only. Mortgage product displayed subject to change and availability. The actual mortgage product you qualify for will depend on verification of the value of your home, your credit score and other considerations. For realtors only – not for distribution.