Rock County Down Payment Assistance (WPHD)

What is Rock County Down Payment Assistance (WPHD)?

Rock County Down Payment Assistance (WPHD) is a forgivable loan for homebuyers in Rock County, Wisconsin, administered by Wisconsin Partnership for Housing Development (WPHD) on behalf of Rock County.

• Rock County funds 0% interest deferred/forgivable loans up to $5,000 for down payment and eligible closing costs for income-qualified first-time homebuyers outside the cities of Beloit and Janesville. WPHD administers the program. Loans are forgiven after five years of owner-occupancy.
• Up to $5,000 in DPA.
• 0% interest.
• Forgiven after 5 years.
• Countywide outside Beloit and Janesville.
• This is a federal program, so it is available beyond a single state or city.

How much assistance does it provide?

Rock County Down Payment Assistance (WPHD) offers up to $5,000 in assistance.

• The program can be combined with City of Janesville Home Possible, Downpayment Plus.
• Amounts are the program's published maximums, not an offer — Wisconsin Partnership for Housing Development (WPHD) on behalf of Rock County determines any individual award.

Do you have to pay it back?

Rock County Down Payment Assistance (WPHD) is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Sale, refinance, or no longer primary residence before 5 years.
• The assistance is recorded in second position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Rock County Down Payment Assistance (WPHD) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Rock County Down Payment Assistance (WPHD) limits household income to 80% of the area median income, which varies by county and household size.

• At or below 80% of Rock County Area 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.

What kind of home can it be used for?

Rock County Down Payment Assistance (WPHD) can be used for Single Family.

• New construction is not eligible.
• Manufactured homes are not eligible.

Where does it apply?

Rock County Down Payment Assistance (WPHD) is a federal program, so it is not limited to Wisconsin.

• The program targets specific areas: Rock County outside the cities of Beloit and Janesville (those have their own programs).

How do you apply?

Applications for Rock County Down Payment Assistance (WPHD) go through Wisconsin Partnership for Housing Development (WPHD) on behalf of Rock County, 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-certified counseling or Home Buyer Workshop; NeighborWorks Blackhawk Region.

2. 2

   Contact Wisconsin Partnership for Housing Development (WPHD) on behalf of Rock County 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.