HOMEBUYER ASSISTANCE
Homebuyer Assistance provides low and moderate-income homebuyers with financial assistance to cover the upfront costs of acquiring a single-family home.
Partners’ Homebuyer Assistance Program assists qualified homebuyers who have secured mortgage financing with home acquisition financial assistance for down payment and related closing costs for a safe and affordable single-family home.
Qualifications:
• Must earn less than 80% of the County Median Income.
• Must have already secured mortgage financing.
• Must be purchasing a single-family home within the counties of Sheboygan, Manitowoc, Kewaunee, or Door.
• Must be able to contribute a minimum of $1,000 towards the purchase of the home.
• Must agree to complete a HUD-approved homebuyer education and counseling course.
• The value of the purchase price of the home must be below HUD county limits.
Financial assistance through Partners’ Housing Programs is provided as a 0% interest, deferred loan. Partners’ loans are secured through property liens and require no monthly payment. Loans are repaid when the home is sold or no longer the borrower’s primary residence.
Through the American Rescue Plan Act (ARPA), Partners has limited time funding to assist single-family homebuyers living between 80 and 120% CMI in Sheboygan County with down payment and closing costs.
Qualifications:
• Gross household income must be between 80-120% of the County Median Income.
• Must have already secured mortgage financing.
• Must be purchasing a single-family home within Sheboygan County.
• Must be able to contribute a minimum of $1,000 towards the purchase of the home.
• Must be able to cover $300 HQS inspection.
• Must agree to complete a HUD-approved homebuyer education and counseling course.
• Borrowers cannot exceed F.E.R. 31% and B.E.R. 43% debt-to-income limits.
Financial assistance through Partners’ Housing Programs is provided as a 0% interest, deferred loan. Partners’ loans are secured through property liens and require no monthly payment. Loans are repaid when the home is sold or no longer the borrower’s primary residence.
If you believe you qualify for Homebuyer Assistance, please fill out the form below and our team will get back to you with next steps.
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