Home Buyer Assistance Program

Purchasing a home may be the greatest investment you will ever make! This program provides grants toward the purchase of a home in any part of Jefferson County. The funding can be used to pay for part of your down payment, all customary closing costs, prepaid items, reserves, and home buyer counseling. For general information about the programs please contact RoxAnne Witte at (920)-674-8711 or roxannew@jeffersoncountywi.gov.

Down Payment Plus Program

  1. Grant Amount – Up to $6,000 or up to $25% of first mortgage
  2. Must use a participating lender
  3. Education and Counseling Fee can be paid for by the grant
  4. Homebuyer education and counseling required – (see below for a list of HUD Certified Counselors)
  5. Buyer must contribute at least $1,000 toward the purchase of the property; (earnest money, home inspection, homeowner’s insurance, personal funds)
  6. Income cannot exceed 80% of Jefferson County Low-Moderate Income Guidelines
  7. Total Debt-to-Income Ratio cannot exceed 45% (if over 45% bank will need to get approval)
  8. Can be used with the following loan products – RD, HUD Section 184, FHA, VA, IHDA and WHEDA, Fannie Mae and Freddie Mac

HOME Consortium Down Payment Assistance Program

  1. Grant Amount – $10,000
  2. Must use a participating lender
  3. Income at or below 80% of Jefferson County Median Income Guidelines
  4. Homebuyer education and counseling required – (see below for a list of contracted counselors)
  5. Housing Debt-to-Income Ratio cannot be lower than 20%
  6. Total Debt-to-Income Ratio cannot exceed 50%
  7. Can be used with the following loan products – Conventional (fixed or adjustable rate), Fannie Mae, Freddie Mac, RD, WHEDA, Federal and State VA, Habitat for Humanity, FHA
  8. Must pass HOME Consortium Code Requirement Inspection
  9. House Purchase Limit – existing home – $238,000.00, new construction – $261,000.00

Income Limits

Federal Home Loan Bank of Chicago Down Payment Plus $6,000 grant program income limits by household size (effective 4/18/2022)

HOME Consortium Down Payment Assistance $10,000 grant program income limits by household size (effective 6/1/2022)

Household size:123456
Jefferson County$49,350$56,400$63,450$70,500$76,150$81,800
City of Watertown – Dodge County portion$45,650$52,200$58,700$65,200$70,450$75,650
City of Whitewater – Walworth County portion$49,300$56,340$63,400$70,400$75,650$81,700

Counseling

HUD Certified Counselors that work with the Federal Home Loan Bank of Chicago Down Payment Plus Program and the HOME Consortium Down Payment Assistance Program

Federal Home Loan Bank of Chicago Down Payment Plus Program and the HOME Consortium Down Payment Assistance Program

Housing Resources, Inc. (HRI)
Mary Bridges or Pam Gholston
217 Wisconsin Ave, Suite 411
Waukesha, WI 53186
262-522-1230
mary_bridges@hri-wi.org
pam_gholston@hri-wi.org
www.hri-wi.org
La Casa de Esperanza, Inc.
Crystal Monsivias
134 Wisconsin Avenue
Waukesha, WI 53186
262-899-6787
cmonsivais@lacasadeesperanza.org

Family Services Association dba (Consumer Credit Counseling Services)
Keith Braun
139 N Main Street, Suite 101
West Bend, WI 53095
262-306-9241
kbraun@cccsonline.org