DOWN PAYMENT ASSISTANCE

Down Payment Assistance — Get Help With Your Down Payment and Closing Costs

For first-time homebuyers who need help covering the upfront costs of purchasing a home. Wisconsin offers grants, forgivable loans, and other programs that can provide thousands of dollars in assistance.

Who It Helps: First-time homebuyers, low-to-moderate income families, buyers in targeted Wisconsin communities, and anyone who has the income to afford a mortgage but struggles to save for a down payment.

Benefits:

  • Programs offering up to 5% of purchase price in assistance
  • Some programs are grants — never repaid
  • Others are forgivable after 3-5 years of occupancy
  • Can be combined with FHA, VA, USDA, and conventional loans
  • Multiple Wisconsin programs available (WHEDA, HFA, Bluepoint FTHB, city/county programs)
  • Many buyers can purchase with little or no money out of pocket
  • WHEDA MCC provides up to $2,000/year in federal tax credits