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City of Kenosha HOME Down Payment Assistance

Administered by: City of Kenosha Community Development · City · Deferred Loan

Funding status: Active

How much assistance

Up to 17% of purchase price (deferred second mortgage) (Deferred Loan)

Zero-interest, deferred payments for 10 years. After 10 years, converts to a 3% interest installment loan for a 20-year term.

Eligibility

  • Income limits: At or below 80% AMI for Kenosha County.
  • First-time buyer required: Yes — Must be a first-time homebuyer.
  • Geographic restrictions: Must purchase within the City of Kenosha.
  • Homebuyer education required: Yes

How to Apply for City of Kenosha HOME Down Payment Assistance

Step 1: Obtain a fixed-rate mortgage from a private lender covering at least 80% of the purchase price. Contribute a minimum 3% down payment. Complete a HUD-certified homebuyer counseling course. Contact the City of Kenosha Community Development office.

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Notes

Closing cost assistance of up to 3% of purchase price may also be available through HOME Program funds. The amount is the lesser of the financing gap or 17% of purchase price.

Cities Where This Program Is Available