Step 1.

View the model home brochures. Please note that the prices shown are starting prices and may change depending on your final selections, design changes, etc. Home plans are customizable and if none of the three home plans meet your needs then we can design a completely custom home to your liking. Call us if you have questions regarding custom designs.

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Step 2.

Determine if you qualify for a home loan. Below is a high level summary of the underwriting criteria required for you to likely pre-qualify for a $220k+ home loan. First time home buyers may be eligible for additional incentives such as an FHA loan and/or down payment assistance. Speak wit your financial institution. 

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GENERAL PRE-APPROVAL CRITERIA 

Disclaimer: Every bank has their own specific underwriting criteria and this list may not include all of those requirements. Please contact the lenders below for additional questions. 

1.    Combined gross annual income of at least $100,000+ for affordability
2.    Minimum 680 FICO credit score 
3.    No bankruptcies in last 7 years
4.    Current employment verification required (typically 30 - 60 days)
5.    Maximum DTI (debt to income) ratio of 41% (monthly debt payments divided by gross monthly income)
6.    5% down payment 
 

Step 3.

Obtain a pre-approval. The City of Milwaukee requires this before they will accept an offer to purchase on any of the lots. You may obtain a pre-approval from any financial institution but we suggest speaking with one of the partner lenders listed below.

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Brenda Brown
CRA Loan Officer
Office: 414-352-8713
Email: Brenda.Brown@greatmidwestbank.com

Yessica Vazquez Sierra

Mortgage Processor

Office: (262) 884-6633

Email: YVazquezSierra@ecu.com 
   

Brandon J Karaba
Assistant Vice President – Mortgage Lender
Office: 715-362-7800 extension 2607

Email: Brandon.Karaba@bankpeoples.com

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Step 4.

Schedule a meeting with our team.  We will review the base model pricing, discuss plan changes and upgrades and also work to finalize the construction budget specific to your home. Our team will also give you a detailed overview of the home building process and address any questions you may have.

 

Step 5.

Submit your offer to purchase. Below is the city representative managing the offer to purchase process.

 

Yves LaPierre, AICP

Real Estate Project Manager

Department of City Development, Redevelopment Authority

Office: 414-286-5762

Email: Yves.LaPierre@milwaukee.gov

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Step 6.

After the offer to purchase is accepted, we will enter into a construction contract with you to build your new home. Drawings and the site surveys would then be submitted to the city for plan review which typically takes 6-8 weeks for approval. During this time, your lender will be working on closing the loan. They would also order the appraisal which also takes approx. 3-4 weeks (can be concurrent with plan exam or post-closing depending on your situation). Once closing happens, permits will be obtained and work will be scheduled. Construction typically takes 7-9 months from start to finish, depending on house size and seasonal weather.