Milwaukee Habitat for Humanity Homeownership Program

What is Milwaukee Habitat for Humanity Homeownership Program?

Milwaukee Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Milwaukee, Wisconsin, administered by Milwaukee Habitat for Humanity.

• Affordable homeownership program for first-time, lower-income Milwaukee buyers with inadequate housing. Habitat builds/renovates homes (average $180,000-$210,000) and provides an affordable mortgage not exceeding 30% of family income; requires 210 hours of sweat equity. Part of the Community Development Alliance / King Park-Midtown initiative.
• Affordable Habitat home (avg $180,000-$210,000, below market) with a mortgage capped at 30% of income; typical payments $600-$800/month.
• Funding comes from Milwaukee Habitat for Humanity (nonprofit); partnership with Milwaukee County and Community Development Alliance.

Do you have to pay it back?

Milwaukee Habitat for Humanity Homeownership Program is down payment assistance and is repaid under the terms set by Milwaukee Habitat for Humanity.

• The assistance is recorded in first position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Milwaukee Habitat for Humanity Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Milwaukee Habitat for Humanity Homeownership Program sets its income limit as follows: Income of at least $35,000/year ($2,917/month), with specific requirements by family size; demonstrated need for affordable housing.

• 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?

Milwaukee Habitat for Humanity Homeownership Program caps the purchase price as follows: Habitat homes average $180,000-$210,000.

• Eligible property types include single_family.
• New construction is eligible.

Where does it apply?

Milwaukee Habitat for Humanity Homeownership Program serves buyers purchasing in Milwaukee, Wisconsin.

• The program targets specific areas: King Park/Midtown and other Milwaukee neighborhoods under the Community Development Alliance affordable homes initiative.
• Targeted neighborhoods: King Park/Midtown, Milwaukee.

How do you apply?

Applications for Milwaukee Habitat for Humanity Homeownership Program go through Milwaukee Habitat for Humanity, 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 Habitat homebuyer classes (part of sweat equity)..

2. 2

   Contact Milwaukee Habitat for Humanity 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.