Milwaukee $35,000 Homebuyer Assistance Program

Administered by: City of Milwaukee Department of City Development - NIDC · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $35,000 (Forgivable Loan)

Fully forgivable second mortgage for rehabilitation of city-owned foreclosed homes.

Eligibility

  • Income limits: No maximum income limits.
  • First-time buyer required: No
  • Geographic restrictions: Must purchase a city-owned foreclosed property within Milwaukee.
  • Homebuyer education required: Yes

How to Apply for Milwaukee $35,000 Homebuyer Assistance Program

Step 1: Complete 8 hours of HUD-approved homebuyer counseling. Get pre-qualified or pre-approved for a first mortgage. Contribute at least $1,000 of own funds. Work with a real estate agent to locate an eligible city-owned foreclosed property.

Visit program website

Notes

Limited to no more than one half of the total cost of the purchase and rehabilitation of the property. Must be 1-2 unit housing.

Cities Where This Program Is Available