Partners for Community Development ARPA Down Payment Assistance (80-150% CMI, Sheboygan County)

What is Partners for Community Development ARPA Down Payment Assistance (80-150% CMI, Sheboygan County)?

Partners for Community Development ARPA Down Payment Assistance (80-150% CMI, Sheboygan County) is a deferred second loan for homebuyers in Sheboygan, Wisconsin, administered by Partners for Community Development, Inc.

• Through American Rescue Plan Act (ARPA) funding, Partners for Community Development offers limited-time down payment and closing cost assistance to homebuyers in Sheboygan County with gross household income between 80% and 150% of County Median Income. Assistance is a 0% interest deferred loan secured by a property lien, repaid when the home is sold or is no longer the borrower primary residence. ARPA funds are limited and available until expended.
• 0% interest deferred loan.
• No monthly payment.
• Serves moderate/above-moderate income buyers (80-150% CMI).
• Repaid only on sale or when no longer primary residence.
• Funding comes from American Rescue Plan Act (ARPA).

Do you have to pay it back?

Partners for Community Development ARPA Down Payment Assistance (80-150% CMI, Sheboygan County) 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 when the home is sold or is no longer the borrower primary residence.
• The assistance is recorded in Subordinate position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Partners for Community Development ARPA Down Payment Assistance (80-150% CMI, Sheboygan County) is open to buyers who will live in the home as their primary residence.

What are the income limits?

Partners for Community Development ARPA Down Payment Assistance (80-150% CMI, Sheboygan County) limits household income to $142,200.

• 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?

Partners for Community Development ARPA Down Payment Assistance (80-150% CMI, Sheboygan County) can be used for Single Family.

Where does it apply?

Partners for Community Development ARPA Down Payment Assistance (80-150% CMI, Sheboygan County) serves buyers purchasing in Sheboygan, Wisconsin.

How do you apply?

Applications for Partners for Community Development ARPA Down Payment Assistance (80-150% CMI, Sheboygan County) go through Partners for Community Development, 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, through HUD-approved homebuyer education and counseling course.

2. 2

   Contact Partners for Community Development, 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.