3% Down Payment Home Loan

Move into your dream home sooner, with a low 3% down payment mortgage loan. In many cases, the monthly mortgage payment for a new home is less than renting! 
Our 3% down mortgage loan program is perfect for you if you are a first-time home buyer who doesn't have a lot saved up yet for a down payment. It's also a good fit if you want to free up some of your savings to be used after you move in to make your new house more like a home. Buy new furniture, add landscaping,  update finishes or do renovations. Or even throw a big housewarming party!  It's up to you!

Why Choose A 3% Down Payment Mortgage from McFarland State Bank?

  • Low 3% down, makes it easier to buy a home sooner.
  • Variety of fixed rate mortgage options to fit your budget and goals.
  • One of the most experienced mortgage lending teams in Dane County. Your loan officer will guide you through the process, answer your questions, and be responsive whenever you call.
Don't wait. Rates are still at historic lows!  Reach out to a lender from our mortgage team to find out more about our 3% down mortgage loan options!
At least one borrower must be a first-time homebuyer in Freddie Mac Home One program. If all borrowers are first-time homebuyers, you must participate in homeownership education. Wisconsin owner-occupied, single-family homes, condos or townhomes only. 3% down payment due at closing. Only available for fixed rate mortgages. Example: A $200,000 loan with .75 points, a term of 30 years and an APR of 4.874% as of 4/26/2019, has a monthly principal and interest payment of $983.88 Payments do not include amounts for taxes and insurance premiums, if applicable, and actual payment obligation will be greater. Mortgage insurance required for loan amounts above 80% LTV. Rates and terms subject to change at anytime. Offer subject to credit approval. Other low down payment mortgage options available.