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

What is 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.

Do you have to pay it back?

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.

Who qualifies?

Movin' Out HCRI (Housing Cost Reduction Initiative) Down Payment Assistance Loan Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

Is there eligibility for specific groups?

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

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact Movin' Out, 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.