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First Time Home Buyer in WI? Get Help!

First Time Home Buyer in WI? Get Help!

You might be able to get help to become a first time home buyer in WI! There are options available that could make it easier for you to purchase a home. You can even get help with down payments and closing costs to make buying your home easier!

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Get more help buying a house with low income here!

Need help with a down payment as a first time home buyer in WI? Check this out!

If you’re a first time home buyer in WI and looking for a home in a rural area, you might be able to get help through the USDA. As long as you meet their other requirements and you live in an area they deem rural, you could qualify for a zero-down loan. This mortgage allows you to purchase a home and finance it 100%. Even though you can roll in the down payment, you may still be responsible for closing costs.

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The Wisconsin Housing and Economic Development Authority might be able to help you with a down payment for your future home. The down payment might make it easier for you to get into a home and might help you save money when it comes to the amount you put into the mortgage. You will need to meet the WHEDA requirements to get help.

You could get help purchasing a Wisconsin home.  

The Habitat for Humanity helps people who are facing homelessness or who are in desperate situations. If either of these apply to you, you might be able to get help with a home through the Habitat for Humanity. The program could help you by building or rehabbing a new home that you can get a mortgage for. You will be required to put in sweat equity for the home by working on it alongside contractors and volunteers. Most areas have a waitlist for the Habitat for Humanity.

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The USDA might be able to help aside from the 100% financing loan. They also offer solutions for people who might not need 100% financing. The credit and income requirements for this loan are different and might make it easier for you to find a house in a rural area of Wisconsin.

Are you a first time home buyer in WI? You have options! If you’re purchasing a home and plan to live in it full-time, you might qualify for an FHA loan. This loan could come with less stringent credit and income requirements. It might also be easier for you to save money on the home purchase by making your interest rate lower than if you were purchasing a home with a traditional loan.

We found military home buyer programs!

If you qualify for VA benefits and you’re a first time home buyer in WI, you might be able to get help with a loan that’s backed by the VA. This loan might help you make a home purchase even if you previously didn’t think you could. You could also qualify for better interest rates and so much more through the VA.

Counties might be able to help if you’re a first time home buyer in WI.

Can your county help if you’re a first time home buyer in WI? We found counties that provide grants, loans and other programs that might make it easier for you to purchase your first home!

Brown County

If you’re in Green Bay and a first time home buyer in WI, you might be able to get help. The city offers down payment and closing cost assistance to those who qualify. You will need to meet all of the city’s requirements for this assistance including residency and income assistance. You will be required to go through an in-depth application process. Not everyone will be approved for assistance through Green Bay.

Dane County

The Madison Affordable Housing Initiative might be able to help you if you’re in Madison. As a first time home buyer in WI, you could qualify for help through the initiative and the housing trust fund. The city also offers help for homeowners who need assistance with homeowner education and other options before purchasing a home.

Milwaukee County

Are you in Milwaukee City? You might qualify for help through the Housing Resources, Inc. The organization works with people who they deem low-income and who meet other qualifications. You will need to provide information on the house you want to purchase as well as your financial situation to get help with housing resources through the organizations. In addition to housing assistance, they could help you with homebuyer education, foreclosure help and home repairs! While the organization works primarily with people who are in Milwaukee City, they might be able to provide some help to people in other areas of the county.

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Richland County

If you’re in Richland County, you might be able to get help purchasing your home. There are down payment loans available that could help you get into a home even if you don’t have the money right away. These down payment loans might make it easier for you to purchase a home no matter what kind of money you have upfront. You can use the deferred loans to make it easier to purchase and not have to worry about paying them off until you sell the house!

Rock County

As a first time home buyer in WI, you might be able to get help purchasing a home in Beloit. The city offers the housing choice voucher program that might make it easier for you to purchase a home. If you qualify for the program, you might be able to get help with a down payment and closing costs. You might even be able to get help with other fees to make buying a home as financially easy as possible!

Serious about buying a house? Don’t miss these other resources!

Get more free stuff in Wisconsin!

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