SWCAP Home Buyer Assistance Program

SWCAP Home Buyer Assistance Program is a deferred second loan for homebuyers in Dodgeville, Wisconsin, administered by Southwestern Wisconsin Community Action Program, Inc. (SWCAP). Second-mortgage financing for entry-level homebuyers (or current homeowners changing homes due to a life change) of up to 20% of the purchase price at 0% interest with deferred payments, paired with home purchase and mortgage application counseling. Serves Iowa, Lafayette, Grant, Green and Richland counties. Funded by Wisconsin DOA DEHCR. Second mortgage of up to 20% of purchase price at 0% interest with deferred payments, lowering the first mortgage and monthly payment; includes purchase/mortgage counseling. Funding comes from Wisconsin DOA Division of Energy, Housing and Community Resources (DEHCR).

SWCAP Home Buyer Assistance Program provides assistance worth 20% of the purchase price, as set by the program. Award tiers: 0% interest, deferred-payment second mortgage of up to 20% of purchase price. No monthly payments; deferred (repayment terms not published online). Amounts are the program's published maximums, not an offer — Southwestern Wisconsin Community Action Program, Inc. (SWCAP) determines any individual award.

SWCAP Home Buyer Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. 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.

SWCAP Home Buyer Assistance Program is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through SWCAP home purchase and mortgage application counseling. Residency requirement: Serves Iowa, Lafayette, Grant, Green and Richland counties.

SWCAP Home Buyer Assistance Program sets its income limit as follows: Income eligibility requirements may apply (specific limits not published online). Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

SWCAP Home Buyer Assistance Program caps the purchase price as follows: Purchase-to-value limits may apply.

SWCAP Home Buyer Assistance Program serves homebuyers purchasing in Dodgeville, Wisconsin. Targeted neighborhoods: Iowa, Lafayette, Grant, Green, Richland counties.

Applications for SWCAP Home Buyer Assistance Program go through Southwestern Wisconsin Community Action Program, Inc. (SWCAP), 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.