Upon the housing counselor's analysis, consideration for a down payment/closing cost grant is initially determined. In order to be eligible for these grants, home buyers must meet income and other guidelines. Based on funding availability, eligible homebuyers will have grant funds reserved through Housing Resources once they have an accepted offer to purchase.
Housing Resources has the ability to reserve the following grants:
This assistance (up to $3,000 based on household size and annual income) is made possible through funding received from the State of Wisconsin-Division of Housing. These grant funds are forgivable over the initial three-year period of owner-occupancy.
Housing Resources has AHP funds available through the Federal Home Loan Bank of Chicago. The maximum grant amount is up to $7,000 to be used for down payment and closing costs in Milwaukee, Waukesha, Kenosha, and Racine counties. These funds are forgiven over a five-year period of owner occupancy.
The HOME Consortium home ownership assistance program helps families afford a home of their own by providing deferred loans. The DOWN PAYMENT ASSISTANCE LOAN (DPA) program provides eligible home buyers with a forgivable loan of up to $5,000 to be used for down payment and/or closing costs. Funds are for buyers purchasing in Waukesha, Jefferson, Washington or Ozaukee counties. For more information, click here to visit the HOME Consortium website.
The Downpayment Plus® Program provides grant assistance to homebuyers state-wide who meet income guidelines and other qualifying criteria. Funds are for down payment and closing costs and are forgivable over a five year period of owner occupancy.
For more information on this grant visit the Wisconsin Partnership for Housing Development website homebuyer page.
This program provides down payment assistance for first-time homebuyers with a permanent disability or who have a family member with a permanent disability. These funds can be used to purchase a home anywhere in Wisconsin.
Contact 1-877-861-6746 or go to movin-out.org for additional information.