CAP Services Home Buyers Down Payment Assistance

What is CAP Services Home Buyers Down Payment Assistance?

CAP Services Home Buyers Down Payment Assistance is a deferred second loan for homebuyers in Multi-County County, Wisconsin, administered by CAP Services Inc.

• CAP Services offers an income-eligible Home Buyers Down Payment Assistance program as a 0% interest deferred loan for residents in Marquette, Portage, Outagamie, Waupaca, Waushara, and Wood Counties. A complementary 0% rehab loan covers repairs completed within 6 months of closing. Buyers contribute $1,000 and complete 6 hours of education.
• 0% interest deferred DPA loan.
• Rehabilitation loan also available.
• Serves 6-county area.
• HUD-certified counseling included.

Do you have to pay it back?

CAP Services Home Buyers Down Payment Assistance is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by Home sold, no longer primary residence, or title transferred.
• The assistance is recorded in second position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

CAP Services Home Buyers Down Payment Assistance is open to buyers who will live in the home as their primary residence.

What are the income limits?

CAP Services Home Buyers Down Payment Assistance limits household income to 80% of the area median income, which varies by county and household size.

• Annual household income cannot exceed 80% County Median Income.
• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

CAP Services Home Buyers Down Payment Assistance can be used for Single Family.

• New construction is not eligible.
• Manufactured homes are not eligible.

Where does it apply?

CAP Services Home Buyers Down Payment Assistance serves buyers purchasing in Multi-County County, Wisconsin.

• The program targets specific areas: Marquette, Portage, Outagamie, Waupaca, Waushara, and Wood Counties.

How do you apply?

Applications for CAP Services Home Buyers Down Payment Assistance go through CAP Services Inc., which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through 6 hours of homebuyer education through CAP or an approved source.

2. 2

   Contact CAP Services Inc. to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.