Wisconsin Down Payment Assistance Programs
Beaver Dam MSA Professional Services Housing Rehabilitation Program (HRP) $2,500 (920) 887-4600 Clark County Down Payment and Closing Cost Loan (DPCC) $25,000 (715) 267-7356 Dodge County MSA Professioanl Services Home Purchaser Program (HPP) $15,000 (800) 552-6330 Douglas County Home Ownership Opportunity Program (HOOP) $3,200 (715) 395-7335 Eau Claire Downpayment Closing Cost Assistance Program (DCCAP) $2,500 (715) 839-4943 Green Bay NHS Inc Downpayment Assistance/Closing Cost Assistance Program $5,000 (920) 448-3075 Green County MSA Professional Services Home Purchaser Program (HPP) $25,000 (800) 552-6330 Janesville Downpayment & Closing Cost Assistance Program (DCCAP) $3,500 (60 755-3067 Manitowoc County Hmong Mutual Assistance Association Housing Cost Reduction Initiative Program (HCRI) $2,500 (920) 458-0808 Milwaukee County Suburban First Time Homebuyers Program (FTHP) $5,000 (414) 278-4877 Milwaukee Neighborhood Housing Services, Inc Homeownership Consortium Reduction Initiative (HCRI) $2,500 (414) 383-2272 Northwest Wisconsin Home Purchase Program (HPP) $25,000 (715) 635-2197 Racine Homebuyer Downpayment Assistance Program (HDAP) $7,455 (262) 636-9151 Rock County Home Purchase Assistance (HPA) $45,000 (60 757-5587 Rusk County Homestead Opportunity Program $25,000 (715) 532-9075 Sheboygan County Hmong Mutual Assistance Association Housing Cost Reduction Initiative Program (HCRI) $3,500 (920) 458-0808 Sheboygan Downpayment Assistance Program (DAP) $3,500 (920) 458-0808 Waukesha County HBC Services Inc Grant Program (GRANT) $1,500 (262) 650-3627 Wausau House Cost Initiative Program $3,500 (715) 261-6682 West Allis Homebuyers Loan Program $4,000 (414) 302-8430 Wisconsin Ho-Chunk Housing Authority Down Payment Assistance Grant Program (GRANT) $5,000 (800) 236-2260
Be sure and ask your mortgage broker if the down payment assistance program requires the assistance amount to be paid back or if it is forgiven after a period of time. Know that not all lenders will work with down payment assistance programs. If you choose to use such a program, your mortgage choices will become more limited. To qualify for these programs you will have to meet certain financial and housing guidelines. Not all borrowers will qualify for down payment assistance programs. There are many ways to secure 100% financing and securing a mortgage without a down paymnet assistance program. 100% financing will require less paperwork and eliminate potential complications between the lender and the downpayment program.
Also there are new downpayment progrms coming out all the time, so be sure to check what is available to you, in the area you are looking to purchase. |