City of La Crosse First-Time Homebuyer Down Payment Assistance Program

City of La Crosse First-Time Homebuyer Down Payment Assistance Program is a grant for homebuyers in La Crosse, Wisconsin, administered by City of La Crosse, Community Development & Housing (Planning, Development & Assessment Dept.). ARPA-funded grant program helping first-time homebuyers purchase a home within the City of La Crosse achieve an affordable mortgage payment. Grant amount is tiered by household income (as a percentage of the purchase price) up to a maximum of $25,000. Grant up to 20% of purchase price for buyers at <=80% CMI; up to 15% for 81-100% CMI; up to 10% for 101-120% CMI. Maximum grant $25,000. Funding comes from American Rescue Plan Act (ARPA).

City of La Crosse First-Time Homebuyer Down Payment Assistance Program offers up to $25,000 in assistance. Amounts are the program's published maximums, not an offer — City of La Crosse, Community Development & Housing (Planning, Development & Assessment Dept.) determines any individual award.

City of La Crosse First-Time Homebuyer Down Payment Assistance Program is structured as a grant, so it is not repaid. Repayment is triggered by failure to maintain owner-occupancy during 5- or 10-year deed restriction period. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of La Crosse First-Time Homebuyer Down Payment Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required. Must be a first-time homebuyer as defined by HUD. Home must be in the City of La Crosse. Maximum total cash assets of $25,000. Applicant must contribute $1,000 or 1% of purchase price (whichever is greater). Mortgage interest rate may not exceed 2% above the national average. Cannot be combined with other DPA grant or forgivable loan programs. Ineligible properties: land contracts, lease/rent-to-own, mobile homes, homes outside the City. 5-year owner-occupied deed restriction for grants $1-$15,000; 10-year for grants $15,001-$25,000.

City of La Crosse First-Time Homebuyer Down Payment Assistance Program limits household income to 120% of the area median income, which varies by county and household size. Household income at or below 120% of County Median Income (CMI); grant tier set by income band (<=80%, 81-100%, 101-120%). Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

City of La Crosse First-Time Homebuyer Down Payment Assistance Program caps the purchase price at $267,000.

City of La Crosse First-Time Homebuyer Down Payment Assistance Program serves homebuyers purchasing in La Crosse, Wisconsin.

Applications for City of La Crosse First-Time Homebuyer Down Payment Assistance Program go through City of La Crosse, Community Development & Housing (Planning, Development & Assessment Dept.), 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.