financing

Congratulations on Closing!

Congratulations to Pam and Oscar for closing yesterday! They trusted Imagine Home Lending handle another home loan! We appreciate your return business so much! Imagine Home Lending - Doug Milkowski teamed up with Liz Todd- Realtor, KPR Brokers and Heidi Milkowski to ensure a smooth closing for these two!

Congratulations and many thanks!
Imagine Home Lending
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Think Outside The Box

What do you think holds potential home buyers back from taking the plunge and buying their first home? What do you think the number one apprehension is for potential first time home buyers? Unfortunately, It’s been drilled into our brains that in order to consider purchasing a home, you’ll need 20% down. Imagine Home Lending is here to let you know that you have the option to finance a home without needing 20% down.

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Imagine the following scenario:

You’re daydreaming, scrolling through Zillow, taking an inside look at what kind of houses are available in your area. You find a home in a nice area, close enough to work, walking distance from your go-to happy hour spot, and it’s priced at $150,000.

In today’s economic climate, it’s common that most of us carry some combination of  student loan debt, medical expenses, high rent costs etc.

Is it realistic to expect that the average person has $30,000 saved up for a down payment on this home? We don’t think it’s common for members of our community to be sitting on that kind of expendable cash. (I know I’m not!)

So, how do you turn your Zillow daydreams into move-in ready reality?

Find a lender who can offer you options that work for your circumstances. Imagine Home Lending offers several mortgage programs that offer different down payment options for qualified buyers. For example, USDA and VA loans are great 0% down payment options. FHA and Conventional mortgage loans offer down payment options as low as 3%.

I don’t know about you, but $4,500 (3%) down payment seems a lot more doable than $30,000 (20%). Some mortgage programs allow down payment gifts, and some mortgage programs offer down payment assistance to qualified buyers. What I’m getting at is, where there’s a will, there’s a way.  

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Imagine Home Lending is a local mortgage lender. We make a strong effort to work closely with our community to make your loan process simple, realistic, and as stress-free as possible.

Curious to hear more about our mortgage program options?

Give us a call or visit us online today!




When in doubt, manage your debt.


So you’ve decided you want to buy a new home in the near future, but you aren’t sure you’ll be able to get approved. Lenders use things like employment history, annual income, and credit scores to determine whether you’re eligible for a loan or not.

We’ve compiled a list of things you can do to monitor, manage, and improve your credit scores. Keep in mind, increasing your credit score is much like weight loss: there is no magic pill. It requires consistency and patience.

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Where do we start?

Do you know what your credit score is? There are free online services, such as Credit Karma, that allow you to monitor your credit. Contrary to popular belief, keeping an eye on your credit score won’t result in any damage to your credit. In fact, it can keep you well informed about your overall financial health and security.


Well, it’s looking a little lower than I thought it would….

Don’t panic. Just like certain actions reduce credit score, certain actions can improve your credit score.


What’s the game plan?

  1. Set up auto pays. Make paying bills on time as hassle free as possible. Schedule reminders on your calendar when bills are due to withdraw from your account, so you have a good idea of where your bank balance is.

  2. Budget. In order for auto pay to function well, one first needs to make sure there’s always enough money in the bank to cover the auto drafts. Some people schedule all bills to come out on the same day, some people opt to spread it out. Consider what will work best for you, and make a plan.

If you can show consistent payment history, you may rack up some points on your credit score.


Let’s discuss debt to income ratio (DTI):

Another thing lenders have to consider when qualifying you for a loan is your debt to income ratio. DTI compares expense and earnings; how much of your income goes to paying off debts? A lower debt to income ratio shows lenders that you’ll have funds available to pay your mortgage on time every month.

To calculate your DTI:

Calculate monthly debts - car loans, credit cards, student loans, child support, etc.

Gross monthly income - income per month before tax deductions


Take your monthly debts and divide them by gross monthly income = DTI%

(Don’t forget to move the decimal over)



To work towards lowering DTI% percentage:

  1. Budget for an increased payment or extra payment towards your debt.

  2. Consider setting up auto pays for these debt accounts (further solidifying a consistent payment history).

  3. Avoid opening new lines of credit or making any large purchases.

  4. Focus on keeping lower balances on all debt accounts.

  5. Pay down credit cards with higher interest rates first.



These tips will help you monitor and manage your credit scores. However, if you find that your score is in need of some real repair, don’t be afraid to give Imagine Home Lending a call. We work closely with credit repair professionals who can get you on the path towards home ownership.



Congratulations On Closing!

Imagine Home Lending - Chris Claeys and the entire Imagine team thanks you for trusting us to finance your dream home.

Imagine Home Lending is grateful to be your local lending partner. 
NMLS#134666

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Rising house prices

Conventional loan limits are rising in efforts to accommodate the rising price of housing. The demand for housing has risen beyond housing availability.

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So what does this mean for potential home buyers?

It means that as soon as a house hits the market, it probably won’t stay on for more than a few days. This is where pre-qualification and pre-approval gives you the upper hand.

If a seller has multiple offers on the table, they’re likely to select a buyer who is pre-qualified or pre-approved. They buyers know that this seller is serious, they’ve thought about financing, and have found a lending partner who is willing to work with them.


It takes less than five minutes to apply for pre-qualification! Just click Apply Now!


Operation Gratitude

Imagine Home Lending is a proud partner of Operation Gratitude. Being sweet to our military is so important to us.

Imagine Home Lending is a proud partner of Operation Gratitude. Being sweet to our military is so important to us.

This year, Imagine Home Lending is a drop off location for your extra Halloween candy!

Here’s how operation gratitude works: your kids go trick or treating, allow them to indulge a bit in their collections, then any day before November 8th, drop off their leftovers at the Onalaska branch of Imagine Home Lending.

We’re located at

1037 Riders Club Road,

Onalaska, WI, 54650.

We’re just behind the Onalaska Menards.

We’re always looking for ways to give back to our service members. Imagine Home Lending offers programs for active and retired military such as Homes For Heroes and VA Loans that offer special rebates, discounts and rates for military. We believe that service deserves it’s rewards.

Help us send a little sweetness to our service members this Halloween. Drop off anytime during our business hours. Monday-Friday 8:00am - 5:00pm.

Imagine Home Lending wants to wish you a safe Halloween!