Newcap Homebuyer Program

Newcap Homebuyer Program is a deferred second loan for homebuyers in Green Bay, Wisconsin, administered by Newcap, Inc. Newcap (the Community Action Agency for northeastern Wisconsin) provides low- to moderate-income homebuyers with a maximum of $10,000 (based on program affordability) for down payment and closing costs, as a non-interest-bearing loan repaid upon sale or when the home is no longer the primary residence. Serves multiple NE Wisconsin counties. Up to $10,000 for down payment and closing costs as a 0% non-interest-bearing deferred loan.

Newcap Homebuyer Program offers up to $10,000 in assistance. Award tiers: 0% non-interest-bearing loan, repaid upon sale or when no longer the primary residence. Amount up to $10,000 based on program affordability. Amounts are the program's published maximums, not an offer — Newcap, Inc. determines any individual award.

Newcap Homebuyer 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 Repaid to Newcap upon the sale of the home or when it is no longer the borrower's primary residence. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Newcap Homebuyer Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Must be 'bankable' with a local lending institution. A homebuyer education course is required, through Newcap Homebuyers Education Program. Residency requirement: Northeastern Wisconsin Newcap service area (incl. Brown, Oconto, Shawano, Forest counties and Rhinelander area). Program details sourced from Newcap's published findhelp listings; Newcap.org program subpages did not render server-side this session.

Newcap Homebuyer Program limits household income to 80% of the area median income, which varies by county and household size. At or below 80% of the current 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.

Newcap Homebuyer Program serves homebuyers purchasing in Green Bay, Wisconsin. Targeted neighborhoods: NE Wisconsin Newcap service counties.

Applications for Newcap Homebuyer Program go through Newcap, 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.