Dupaco / Fannie Mae HomeReady Down Payment Assistance

Dupaco / Fannie Mae HomeReady Down Payment Assistance is a grant for homebuyers in Dubuque, Iowa, administered by Dupaco Community Credit Union (in partnership with Fannie Mae). A partnership between Dupaco Community Credit Union and Fannie Mae providing HomeReady Loan down payment assistance. The program provides $2,500 to eligible homebuyers, regardless of location, who are beginning their homeownership journey; the assistance is a credit applied toward the down payment and closing costs of a home purchased with a Fannie Mae HomeReady mortgage. Currently available to Dupaco members. Additional eligibility guidelines apply. $2,500 credit toward down payment and closing costs. Paired with Fannie Mae HomeReady mortgage. Potentially lower monthly payments. Funding comes from Fannie Mae HomeReady / Dupaco Community Credit Union.

Dupaco / Fannie Mae HomeReady Down Payment Assistance offers up to $2,500 in assistance. Amounts are the program's published maximums, not an offer — Dupaco Community Credit Union (in partnership with Fannie Mae) determines any individual award.

Dupaco / Fannie Mae HomeReady Down Payment Assistance is structured as a grant, so it is not repaid. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Dupaco / Fannie Mae HomeReady Down Payment Assistance is open to homebuyers who will live in the home as their primary residence. Residency requirement: Dupaco membership; assistance available regardless of property location.

Dupaco / Fannie Mae HomeReady Down Payment Assistance sets its income limit as follows: Follows Fannie Mae HomeReady income eligibility (generally income at or below 80% AMI for the property location); additional Dupaco eligibility guidelines apply. Exact limits not published on the announcement page. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Dupaco / Fannie Mae HomeReady Down Payment Assistance serves homebuyers purchasing in Dubuque, Iowa.

Applications for Dupaco / Fannie Mae HomeReady Down Payment Assistance go through Dupaco Community Credit Union (in partnership with Fannie Mae), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.