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.

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.

Rock County Down Payment Assistance (WPHD) is forgiven after 5 years, so a homebuyer 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.

Rock County Down Payment Assistance (WPHD) 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, through HUD-certified counseling or Home Buyer Workshop; NeighborWorks Blackhawk Region. Funds contingent on annual allocation. Beloit and Janesville residents use those cities' programs. Contact WPHD 608-258-5560.

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.

Rock County Down Payment Assistance (WPHD) can be used for Single Family. New construction is not eligible. Manufactured homes are not eligible.

Rock County Down Payment Assistance (WPHD) serves homebuyers purchasing in Rock County, Wisconsin. The program targets specific areas: Rock County outside the cities of Beloit and Janesville (those have their own programs).

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. 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.