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Waukesha HOME Consortium Down Payment Assistance / Purchase-Rehab Program

Waukesha County Community Development (Waukesha HOME Consortium) · Waukesha County, Wisconsin

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Assistance

$10,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 5 years

What is Waukesha HOME Consortium Down Payment Assistance / Purchase-Rehab Program?

Waukesha HOME Consortium Down Payment Assistance / Purchase-Rehab Program is a forgivable loan for homebuyers in Waukesha County, Wisconsin, administered by Waukesha County Community Development (Waukesha HOME Consortium).

  • The Waukesha HOME Consortium (Waukesha, Washington, Ozaukee, and Jefferson Counties) offers a Purchase/Rehab Program providing two loans closed at home purchase: a Down Payment Assistance forgivable loan of up to $10,000 for down payment and/or closing costs, and a 0% interest deferred Homeowner Rehabilitation Loan up to $24,999. The DPA loan is forgiven at 20% per year over five years.
  • Forgivable DPA loan up to $10,000 (down payment/closing costs); paired 0% deferred rehab loan up to $24,999.
  • This is a federal program, so it is available beyond a single state or city.
  • Funding comes from HUD HOME Investment Partnerships Program.

How much assistance does it provide?

Waukesha HOME Consortium Down Payment Assistance / Purchase-Rehab Program offers up to $10,000 in assistance.

  • The program can be combined with other assistance, subject to the rules of each.
  • Amounts are the program's published maximums, not an offer — Waukesha County Community Development (Waukesha HOME Consortium) determines any individual award.

Do you have to pay it back?

Waukesha HOME Consortium Down Payment Assistance / Purchase-Rehab Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by sale, transfer, or ceasing owner-occupancy before 5 years.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Waukesha HOME Consortium Down Payment Assistance / Purchase-Rehab Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course
  • Household income below 80% of county area median. Home must be owner-occupied single-family attached or detached unit. After-rehab value below HUD limits per county (e.g., Waukesha $341,000; Washington $312,000; Ozaukee $343,000; Jefferson $254,000 existing / $312,000 new). Apply through a participating lender. Must complete HOME Consortium homebuyer counseling before DPA funds released. May be combined with other DPA programs. Forgiven over 5 years (20%/yr) if home remains primary residence. Serves Waukesha, Washington, Ozaukee, and Jefferson counties.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Waukesha HOME Consortium Down Payment Assistance / Purchase-Rehab Program limits household income to 80% of the area median income, which varies by county and household size.

  • Annual household income below 80% of the area/county median income.
  • 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?

Waukesha HOME Consortium Down Payment Assistance / Purchase-Rehab Program caps the purchase price as follows: After-rehab value must be below HUD limits per county (Waukesha $341,000; Ozaukee $343,000; Washington $312,000; Jefferson $254,000 existing / $312,000 new), effective 7/1/2023.

Where does it apply?

Waukesha HOME Consortium Down Payment Assistance / Purchase-Rehab Program is a federal program, so it is not limited to Wisconsin.

How do you apply?

Applications for Waukesha HOME Consortium Down Payment Assistance / Purchase-Rehab Program go through Waukesha County Community Development (Waukesha HOME Consortium), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact Waukesha County Community Development (Waukesha HOME Consortium) to reserve funds

    Funds are reserved with the provider and are subject to availability.

  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.

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