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Dane County Momentum Homebuyer Program

Administered by: Dane County Department of Human Services / CDBG Program · County · Deferred Loan

Funding status: Active

How much assistance

Deferred loan up to $30,316 at 0% interest (Deferred Loan)

Loan becomes due and payable at sale, when property is no longer owner-occupied, or first mortgage is refinanced for cash-out.

Eligibility

  • Income limits: At or below 80% of County Median Income
  • Purchase price limit: $347,000
  • First-time buyer required: Yes — Must be a first-time homebuyer.
  • Geographic restrictions: Must purchase in a Dane County Urban County Consortium participating municipality outside the City of Madison (includes Sun Prairie, Fitchburg, Middleton, Verona, and other participating communities).
  • Homebuyer education required: Yes

How to Apply for Dane County Momentum Homebuyer Program

Step 1: Contact the Home Buyers Round Table at homebuyersroundtable.org for information and to begin the application process. You must complete homebuyer education and meet income requirements. Work with a participating lender to coordinate the deferred loan with your first mortgage.

Notes

Funded through Dane County CDBG/HOME program. Deferred loan with no monthly payments. Purchase price limit of $347,000 as of 2024. Verify current limits with Dane County.

Cities Where This Program Is Available