Choose to Live, Work and Play Here
The diversity of housing options in Racine County means you can find the exact fit for your family and you. Price points, architectural styles and lot types are varied and diverse.
Whether you’re on the hunt for a spacious, secluded farmhouse, a luxurious lakefront home, a traditional Tudor or a more conservative ranch, a starter home or forever home – Racine County has what you’re looking for.
Racine County’s location has resulted in a highly active and affordable housing market. Sale prices for single-family homes range from under $100,000 to over $1 million.
Home Buying Resources
Pre-Approval Checklist
Getting preapproved for a mortgage before you go home shopping isn’t required, but it is a good idea, especially in a seller’s market, where competition among buyers is intense. Unlike a pre-qualification, a pre-approval letter lends weight to your bid on a home, proving to sellers that you have the financial clout to stand behind your offer. To get pre-approved, you’ll need to verify your income, employment, assets and debts
Income and Employment
lenders may want more documents if you’re self-employed or your income comes from several sources. Also be prepared to share information such as your Social Security number, which is used to check your credit reports and scores.
Copies of W-2 forms and your two most recent payroll stubs. If income includes overtime, bonuses or differential pay, you may need your most recent end-of-year payroll stub.
Self-employed borrowers, including sole proprietors, partnerships and S-corporations, need a year-to-date profit and loss statement and two years of records, including the Form 1099s you used to report income and file taxes.
Document the rental income, address, lease and current market value of a rental property if you will use this income to qualify for a mortgage.
Assets
Copy 60 days’ worth of statements for every account whose assets you’re using to qualify for the mortgage. Include even blank pages of the statements.
Two months of statements from IRAs, investment accounts (stocks and bonds), and CDs. The last quarterly statement from 401(k)s showing the vested balance. As with bank statements, include every page, even blank pages.
Debts
Lenders examine your payment obligations to calculate your debt-to-income ratio. List all monthly debt payments, including student loans, auto loans, mortgage and credit cards. Include each creditor’s name and address, and your account number, loan balance and minimum payment amount. If you have no credit history, utility bills or records of other regular payments may be used to help you qualify for a mortgage.
If your current property is mortgaged, have your most recent statement — showing the loan number, monthly payment, loan balance and the lender’s name and address — and the declaration page of the insurance policy.
Other Records
Renters need to show payments for the past 12 months and provide contact information for landlords for the past two years.
Have your court divorce decree ready, if applicable, and any court orders for child support and alimony payments.
Ask your lender what documents they’ll need and how long you should wait after bankruptcy or foreclosure to re-enter the housing market.
Lenders will want to talk about your down payment. You’ll need to show the sources of the money you plan to use. If your funds include gifts, you’ll need to get letters from your donors showing they don’t expect to be paid back. Gift letters aren’t required for preapproval “but we do let borrowers know to be prepared,” Kush says.
Mortgage Calculator
Your total monthly payment
Principal & Interest
Explore Housing in Greater Racine County
Featured Project
One & two-bedroom units on both first & second floors
The Granary Townhomes feature one and two-bedroom styles with private entrances and private balcony/patio, stainless steel appliances, in-unit washer/dryer, quartz counter tops, slow-close cabinets, and open concept floor plans.
Here at our picturesque community you will enjoy direct access to Wisconsin’s White River State Bike and Walking Trail, on-site 24-hour fitness center, and more.
