Completion of homebuyer education and counseling through NWBR opens up opportunities to access down payment assistance programs to help you buy your home. In order to be eligible for these grants, you must meet income and other guidelines. With the assistance of an NWBR HUD-Certified counselor we will determine which programs you can apply for based on funding availability, eligibility and subject property location.

City of Janesville Down Payment Assistance

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
608-755-3065

Rock County Down Payment Assistance

For those seeking assistance for Rock County, but outside of the cities of Beloit or Janesville, the Wisconsin Partnership for Housing Development, Inc. administers a program for Rock County. Rock County provides 0% interest loans up to $5,000 for down payment assistance and other eligible costs to qualified buyers.

For more information:
For application guidelines, or general inquiries please contact Wisconsin Partnership for Housing Development
608.258.5560 x 32
info@wphd.org.

Down Payment Plus (DPP)

The Federal Home Loan Bank of Chicago administers the Downpayment Plus® Program through local lenders. The Downpayment Plus® Program provides up to $6,000 in grant assistance to homebuyers state-wide who meet income guidelines and other qualifying criteria. Borrower contribution is required, with a minimum investment of $1,000. Funds are for down payment and closing costs and are forgivable over a five year period of owner occupancy.

For more information:
Speak with our HUD-Certified Counselor for more information.
608-362-9051
info@nwbr.org

WHEDA

Buying a home is one of the biggest, most exciting decisions you’ll ever make. Let WHEDA guide you toward your future home. WHEDA has mortgage programs tailored to your individual needs, whether you are purchasing or refinancing, a first-time or a repeat buyer.

For more information: