Downpayment Plus (DPP) / Downpayment Plus Advantage (DPP Advantage)

Downpayment Plus (DPP) / Downpayment Plus Advantage (DPP Advantage) es un préstamo condonable para compradores de vivienda en Wisconsin, a cargo de Federal Home Loan Bank of Chicago (FHLBank Chicago), delivered through participating member financial institutions. Forgivable down payment and closing cost assistance grants for income-eligible homebuyers in Illinois and Wisconsin, provided through participating FHLBank Chicago member financial institutions. The grant is paid on behalf of the borrower at closing and forgiven on a monthly basis over a five-year retention period. DPP Advantage extends the assistance to homebuyers participating in nonprofit-led (e.g., Habitat for Humanity) first-mortgage programs. $28 million was made available across IL and WI in 2026. Forgivable grant of up to the lesser of $10,000 or 25% of the first mortgage amount toward down payment, closing costs, and up to $500 of homebuyer education/counseling costs.

Downpayment Plus (DPP) / Downpayment Plus Advantage (DPP Advantage) ofrece hasta $10,000 de ayuda. El programa se puede combinar con otras ayudas, sujeto a las reglas de cada una. Los montos son los máximos publicados por el programa, no una oferta: Federal Home Loan Bank of Chicago (FHLBank Chicago), delivered through participating member financial institutions determina cualquier ayuda individual.

Downpayment Plus (DPP) / Downpayment Plus Advantage (DPP Advantage) se perdona después de 5 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Sale, transfer, loss of owner-occupancy, or in some cases refinancing during the 5-year retention period (pro-rated, forgiven monthly). La ayuda se registra con un gravamen en posición second. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Downpayment Plus (DPP) / Downpayment Plus Advantage (DPP Advantage) está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Se requiere un curso de educación para compradores de vivienda. Household income at or below 80% of area median income (limits vary by county). Borrower must contribute a minimum of $1,000 toward the transaction (DPP; DPP Advantage requires no homebuyer contribution). Both pre-purchase homebuyer education and pre-purchase counseling required. A 5-year retention agreement is recorded on the property; grant forgiven monthly over 5 years. First mortgage term must be at least 5 years; interest-only first mortgages ineligible; on ARMs the initial rate lock must be at least 5 years. Cash back at closing cannot exceed $250. Available first-come, first-served while funds remain. May be combined with other federal/state/local programs subject to investor approval. Available only through participating FHLBank Chicago member institutions.

Downpayment Plus (DPP) / Downpayment Plus Advantage (DPP Advantage) limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income at or below 80% of area median income; limits vary by county. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Downpayment Plus (DPP) / Downpayment Plus Advantage (DPP Advantage) atiende a compradores de vivienda que compran en cualquier lugar de Wisconsin.

Las solicitudes de Downpayment Plus (DPP) / Downpayment Plus Advantage (DPP Advantage) se tramitan a través de Federal Home Loan Bank of Chicago (FHLBank Chicago), delivered through participating member financial institutions, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.