Every state has down payment or homeownership assistance programs; some states have both. The programs are designed to provide affordable housing opportunities to homebuyers who might not ordinarily be able to afford a house.
Each program can have their own income and eligibility requirements but primarily the programs are available for first-time homebuyers or low-income families.
Keep in mind if you had no ownership in a principal residence in the previous 3 years, you are also considered a first-time homebuyer even if you owned a home prior to that 3-year period.
The programs are not usually administered directly through the State. Instead, they are nonprofit based and handled through a third party agency. The list below will start you on your search but be sure to confirm the program is currently available.
(Source: HUD.gov)
Statewide and Regional Programs
The Wisconsin Housing and Economic Development Authority (WHEDA) offers a variety of programs to help you become a homeowner.
Wisconsin Housing Works – Down Payment Assistance – Down Payment for eligible first-time Wisconsin homebuyers to receive up to $ 5,000 toward a down payment, closing costs, reserves or other expenses related to a home purchase.
Wisconsin Rural Development
Homeownership education – learn how to purchase and maintain a home of your own
Programs by City/Town
Beloit
Green Bay
Madison
Milwaukee City
Housing Resources, Inc.
Select Milwaukee