In order to eliminate obstacles to achieving the dream of homeownership, NeighborWorks Blackhawk Region offers down payment and closing cost assistance with several different products. This program is available for qualified homebuyers so that they can borrow part of their down payment and/or closing costs. All Down payment assistance loans are subject to approval by the NWBR loan committee.

• Forgivable down payment assistance:
  Available to income qualified buyers (<80% AMI) who purchase NeighborWorks Blackhawk Region homes in our priority neighborhoods. Payments are forgiven over 5 years. Property must be owner occupied.

• Deferred down payment assistance:
  Available to families who purchase homes in our priority neighborhoods. Payments are not required. Loan is repaid when the buyer sells or refinances the home. Property must be owner occupied.

• Repayable down payment assistance:
  Available to buyers who purchase homes in the City of Beloit. No income restrictions. Property must be owner occupied.