Advance Payment Assistance & Homebuyer Education

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

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

We utilize numerous area community teams to deliver homebuyer training, which can be needed for many deposit support programs.

Credit Builder Loan System

The Credit Builder Loan through the Equitable Bank is made to assist you aren’t no credit or with credit dilemmas to re-establish good credit score. Additionally it is a fantastic choice for those seeking to preserving for a sizable purchase or an advance payment on a home that is new.

So how exactly does it work?

We are going to lend you a group amount of cash ($500 or higher, centered on your finances) to put in an interest-earning certificate of deposit (CD) in your title. Each month you pay off the total amount of the loan plus interest. We are accountable to the credit bureau the manner in which you handle your loan re re re payments every month. In the event that you create your monthly premiums on time you may build a confident credit history, all while saving money on your own.

FHA (Federal Housing Administration) Loan

VA (Veterans Affairs) Loan

WHEDA Loan (Wisconsin Housing and Economic Development Authority)

WHEDA loans offer homebuyers a lower life expectancy payment, reduced price, and shutting expense support for a 30-year mortgage that is fixed.

Contact any of our community lending specialists for additional information.

Meet The Community Lending Team

Veron Gray

Client Philosophy

It is necessary that my customers realize the home loan procedure and I also will usually work with their most useful interest.

Client Comments“Veron had been extremely worked and professional beside me through this loan buying process for 2.5 years. Thank you Veron for all you work that is hard and.”

“we came across Veron Gray at a time that is first purchasers seminar (WHEDA), she’s been helpful over time. I’ve been an individual, and my experience happens to be good. Every you have been helpful, expert and friendly.”

Several years of Experience: 17 years

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

Gail Milani

Client Philosophy

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

Client Feedback

“Working with Gail Milani together with Equitable Bank had been a rather experience that is rewarding. We felt like Gail cared about me personally as an individual and I also have always been pleased with the monetary solutions she supplied if you ask me.”

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

My expertise is based on working together with first-time house purchasers. I simply take satisfaction in aiding each individual attain their aim of being a home owner. There is nothing more worthwhile rather than experience household transfer to their brand new house.

Mario Monterrey

Client Philosophy

I will be passionate about homeownership and believe that assisting people enter into a brand new house is really a privilege. We will always strive for my clients and treat all of them with the respect they deserve. My objective would be to do this kind of good work, that my customers cannot help but refer their loved ones and buddies. We make use of various types of home mortgage services and products while devoted to First-Time real estate and Grant products.

Years of Experience: 12 Years

With several years of banking experience, i’ve gained an understanding that is keen of financing and banking. This knowledge assists me to ask the proper questions, gather the information that is necessary make solid tips for my clients, predicated on their situation.

Consumer Philosophy

Developing relationships that are meaningful my clients assists us to better customize bank services and products to best fit their needs. Every client is exclusive and understanding could be the first rung on the ladder.

Consumer Responses

“Cicily is invested in her clients. She provides updates to both events, goes out of her method to assist and it is constantly in a position to be upfront and honest.”

Several years of Experience: 16+ years

I have already been home that is facilitating seminars in both Spanish and English for quite some time. Being bi-lingual permits us to interact with a higher community of people that are searching for guidance throughout their house buying journey. We work closely with United Community Center and Housing Resources, Inc. and now have been able to broaden my knowledge and be a specialist in community financing.