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First Time Home Buyers in Concord, WI: Read this guide!

Buying your first home is a big deal and if you’re looking at Concord, WI you’ve picked an area that has small town charm and scenery. As a first-time home buyer, taking a required online homebuyer education course can provide essential knowledge and support for navigating the complexities of purchasing a foreclosed property. The mortgage process can be overwhelming but with the right guidance and tools you’ll be on your way to homeownership.


Why Concord?

Concord is a Wisconsin secret, quiet and convenient. The charming atmosphere and accessibility of downtown Oconomowoc, with its lovely scenery and community-centric events, add to the appeal of the area. The area has great schools, friendly people and outdoor recreation, boating, fishing and hiking. It’s also close to bigger cities like Milwaukee and Madison so if you want a quiet life without sacrificing city amenities.


Concord, WI Real Estate Market

The Concord, WI real estate market is a hidden gem for homebuyers seeking a scenic and tranquil lifestyle. Nestled in the heart of Wisconsin, Concord offers a unique blend of rural charm and modern amenities.


The real estate market in Concord features a diverse mix of single-family homes, condos, and townhomes. Whether you’re looking for a cozy lakefront cottage or a spacious luxury home, you’ll find a variety of options to suit your needs. The median home price in Concord is around $400,000, with prices varying based on location, size, and amenities. This picturesque community offers the perfect setting for first-time homebuyers to put down roots and enjoy the serene beauty of Wisconsin’s lakes.

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First Time Home Buyer Programs

If you’re a first-time home buyer the following programs can help you get into your dream home:

Certain programs are specifically aimed at low- or moderate-income individuals and families, often defining these categories in relation to the median income of the area.


  1. FHA Loans: Government backed loans for first time buyers. Low down payment (as low as 3.5%) and more lenient credit requirements.
  2. VA Loans: If you’re a veteran or active-duty service member VA loans have no down payment and competitive rates.
  3. USDA Loans: If you’re looking to buy in a rural area like Concord, USDA loans have 100% financing and low rates.
  4. WHEDA Loans: The Wisconsin Housing and Economic Development Authority has loans for first time buyers including down payment assistance and good terms.
  5. OnePlus Program: A program for qualified buyers with 1% down.


Down Payment Assistance Options

As a first-time homebuyer in Concord, WI, you have several down payment assistance options to help you achieve your dream of homeownership. Here are some programs to consider:


  • Wisconsin Housing and Economic Development Authority (WHEDA): WHEDA offers down payment assistance programs for first-time homebuyers, including the WHEDA Advantage program, which provides up to 3% of the home’s purchase price in down payment assistance.
  • Federal Housing Administration (FHA): The FHA offers down payment assistance programs, such as the FHA Down Payment Assistance Program, which provides up to 3.5% of the home’s purchase price in down payment assistance.
  • Department of Veterans Affairs (VA): The VA offers zero-down mortgage options for eligible veterans, active-duty military personnel, and surviving spouses, making it easier for those who have served to purchase a home.
  • United States Department of Agriculture (USDA): The USDA offers zero-down mortgage options for eligible borrowers purchasing homes in rural areas, including Concord.


These programs can significantly reduce the upfront costs of purchasing a home, making it more accessible for first-time buyers to settle in the charming community of Concord.

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First Time Buyer Tips for Concord

  1. Get Pre-Approved: Get pre-approved for a mortgage. This will help you know how much you can afford and show sellers you’re a serious buyer.
  2. Research the Market: Work with a local real estate agent who knows the Concord market. They’ll find a home for you that fits your budget and lifestyle.
  3. Budget Beyond the Purchase Price: Consider property taxes, insurance, maintenance and closing costs. These are important factors in determining your overall affordability.
  4. Explore Down Payment Assistance Programs: There are many programs to help first time buyers reduce upfront costs. I can walk you through these options.
  5. Understand Tax Advantages: Homeowners, especially first-time homebuyers, can benefit from mortgage tax deductions. By itemizing your taxes, you may be eligible to deduct mortgage interest on your federal income tax return. Additionally, a mortgage credit certificate can provide federal tax breaks.


Making an Offer and Closing

Once you’ve found your dream home in Concord, WI, it’s time to make an offer and start the closing process. Here are some tips to keep in mind:


  • Work with a Reputable Real Estate Agent: Partner with a local real estate agent who knows the Concord market. Their expertise will be invaluable in navigating the negotiation process and ensuring you get the best deal.
  • Get Pre-Approved for a Mortgage: Before making an offer, get pre-approved for a mortgage. This demonstrates your financial readiness to the seller and can give you an edge in a competitive market.
  • Include Contingencies in Your Offer: Consider including contingencies, such as a home inspection or financing contingency, to protect your interests. These can provide an exit strategy if certain conditions are not met.
  • Review and Understand the Terms: Carefully review the terms of your offer, including the price, closing costs, and any repairs or credits. Make sure you fully understand what you’re agreeing to.
  • Be Prepared to Negotiate: Negotiation is a key part of the homebuying process. Be ready to compromise and work with the seller to reach a mutually acceptable agreement.


By following these tips, you can confidently navigate the offer and closing process, bringing you one step closer to owning your dream home in Concord.

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Why Work with Dan Kahn?

As a mortgage professional who specializes in first time home buyers, I know the challenges you face. The Village of Concord has had no tax increases for the past three years, highlighting the stability and appeal of the community. My approach is transparency and education, so you feel comfortable every step of the way. I have a variety of loan options including FHA, VA, USDA, WHEDA and the OnePlus program to fit your needs. With my personal guidance you’ll have the support you need to navigate the mortgage process and get the best financing for your dream home in Concord


Get Started?

Ready to start your homebuying journey in Concord, WI? Here are some next steps to take:


  • Contact a Reputable Real Estate Agent: Find a knowledgeable real estate agent who knows the Concord market and can help you find your dream home.
  • Get Pre-Approved for a Mortgage: Demonstrate your financial readiness to sellers by getting pre-approved for a mortgage.
  • Research Down Payment Assistance Options: Look into the various down payment assistance programs and other incentives that may be available to you.
  • Explore Homes for Sale: Start exploring homes for sale in Concord, WI, and schedule viewings to find the perfect property for you.
  • Navigate the Negotiation and Closing Process: Work with your real estate agent to navigate the negotiation and closing process, ensuring a smooth transition to homeownership.


Taking these steps will set you on the path to making your dream of owning a home in Concord a reality. Don’t hesitate to reach out for guidance and support as you embark on this exciting journey.


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Buying your first home in Concord is a big deal and I’m here to make it as easy as possible. Have questions about pre-approval, loan programs or finding the right home? Call or email me today. Let’s get started on making your dream of owning a home in Concord a reality.

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