Movin' Out HCRI (Housing Cost Reduction Initiative) Down Payment Assistance Loan Program

Movin' Out HCRI (Housing Cost Reduction Initiative) Down Payment Assistance Loan Program is a deferred second loan for homebuyers in Wisconsin, administered by Movin' Out, Inc. Statewide 0% interest, deferred-payment down payment assistance loan program from Movin' Out, Inc., assisting qualified first-time homebuyers with down payment and closing costs. Funded through Wisconsin's Housing Cost Reduction Initiative (HCRI). Targets low-income households where at least one member has a permanent disability. 0% interest, deferred-payment loan for down payment and closing costs. Funding comes from Wisconsin Housing Cost Reduction Initiative (HCRI), state DEHCR funds.

Movin' Out HCRI (Housing Cost Reduction Initiative) Down Payment Assistance Loan Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by sale, move, or refinance. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Movin' Out HCRI (Housing Cost Reduction Initiative) Down Payment Assistance Loan 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. Household income at or below 80% of county median. Must be a first-time homebuyer, single parent, or displaced homemaker. At least one household member must have a permanent disability. Homebuyer education/counseling with Movin' Out required.

Movin' Out HCRI (Housing Cost Reduction Initiative) Down Payment Assistance Loan Program limits household income to 80% of the area median income, which varies by county and household size. Household income at or below 80% of county median income. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Movin' Out HCRI (Housing Cost Reduction Initiative) Down Payment Assistance Loan Program names homebuyers with disabilities among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Movin' Out HCRI (Housing Cost Reduction Initiative) Down Payment Assistance Loan Program serves homebuyers purchasing anywhere in Wisconsin.

Applications for Movin' Out HCRI (Housing Cost Reduction Initiative) Down Payment Assistance Loan Program go through Movin' Out, Inc., 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.