Are you ready to purchase a new home, but are having trouble saving for the down payment and/or closing costs? If you are a first-time homebuyer and plan to buy within the Janesville city limits, the City of Janesville may be able to help. Loans of up to $6,000 are available for low to moderate income households to help with down payment and closing costs.
To be eligible, total annual household income must be at or below 80% of the Rock County median income, and the household must complete a HUD-certified homebuyer counseling program and/or Home Buyer Workshop. Loans are forgiven over five years of continued occupancy, so at the end of five years you owe nothing.
For more information:
Visit the City of Janesville’s website or contact Neighborhood & Community Services