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Homebuyer Programs in Greenfield, WI (2026)

Population: 37,361 | Median home price: $310,000 | Est. closing costs: $6,000 - $9,500

Last updated April 10, 2026

Skyline of Greenfield, WI

Greenfield is a residential suburb located in Milwaukee County, Wisconsin, situated just southwest of downtown Milwaukee. With a median home price around $310,000, Greenfield offers a more affordable entry point compared to some neighboring communities. While the city does not offer its own municipal down payment assistance, buyers here benefit from several regional and state programs. The WORTH Down Payment Assistance Program provides grants up to $8,000 for first-time buyers in Milwaukee County, and the Downpayment Plus Program through FHLBank Chicago offers up to $6,000 in forgivable grant assistance. Combined with WHEDA state loan programs offering up to 6% of the purchase price in down payment help, Greenfield homebuyers can potentially stack more than $20,000 in total assistance.

County Programs in Milwaukee County

WORTH Down Payment Assistance Program
Type:
Grant
Amount:
Up to $8,000
First-time only:
Yes

State Programs in Wisconsin

WHEDA Advantage Conventional Loan
Type:
Government-Insured Mortgage
Amount:
Low down payment first mortgage (as low as 3% down)
First-time only:
Yes
WHEDA Advantage FHA Loan
Type:
Government-Insured Mortgage
Amount:
Low down payment first mortgage (3.5% down)
First-time only:
Yes
WHEDA Capital Access DPA
Type:
Deferred Loan
Amount:
Up to $7,500 (between $3,050 and 3% of purchase price)
First-time only:
Yes
WHEDA Easy Close DPA
Type:
Repayable Loan
Amount:
Up to 6% of purchase price
First-time only:
Yes
WHEDA Tax Advantage (Mortgage Credit Certificate)
Type:
Tax Credit
Amount:
Up to $2,000 per year in federal tax credits
First-time only:
Yes

Federal Programs

FHA Loans
Type:
Government-Insured Mortgage
Amount:
Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
First-time only:
No
FHLBA Community Partners Product
Type:
Forgivable Loan
Amount:
Up to $20,000 in home purchase assistance for down payment and closing costs
First-time only:
No
FHLBA First Time Homebuyer Product
Type:
Forgivable Loan
Amount:
Up to $17,500 in home purchase assistance for down payment and closing costs
First-time only:
Yes
FHLBA Workforce Housing Plus+
Type:
Forgivable Loan
Amount:
Up to $15,000 in home purchase assistance for down payment and closing costs
First-time only:
No
Good Neighbor Next Door (HUD)
Type:
Government Property Sale Program
Amount:
50% discount off the list price of HUD-owned homes
First-time only:
Yes
Home Possible Mortgage (Freddie Mac)
Type:
Government-Guaranteed Mortgage
Amount:
Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:
No
HomeReady Mortgage (Fannie Mae)
Type:
Government-Guaranteed Mortgage
Amount:
Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:
No
HUD $100 Down Program
Type:
FHA-Financed HUD REO Purchase
Amount:
Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
First-time only:
No
USDA Rural Development Loans
Type:
Government-Guaranteed Mortgage
Amount:
100% financing (no down payment required); loan amount up to appraised value
First-time only:
No
VA Loans
Type:
Government-Guaranteed Mortgage
Amount:
No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
First-time only:
No

Nonprofit Programs

Downpayment Plus Program (FHLBank Chicago)
Type:
Grant
Amount:
Up to $6,000 (3:1 match of buyer contribution, max $6,000)
First-time only:
No
Milwaukee Habitat for Humanity Homeownership Program
Type:
Zero-Interest Loan
Amount:
Affordable new-construction home with low or no down payment and average mortgage under $950/month
First-time only:
Yes
Wintrust Mortgage Down Payment Assistance
Type:
Grant
Amount:
$2,000
First-time only:
No

How to Apply

Step 1:

Check your eligibility. Most programs serving Greenfield require household income at or below 80% to 100% of the area median income for Milwaukee County and that you have not owned a home in the past three years.

Step 2:

Complete homebuyer education. Contact Housing Resources Inc at 414-461-6330 or ACTS Housing at 414-933-2215, both HUD-approved counseling agencies in the Milwaukee area, to complete the required 8-hour homebuyer education course.

Step 3:

Explore your program options. The WORTH Down Payment Assistance Program offers up to $8,000 in grant funds for Milwaukee County purchases, and the Downpayment Plus Program provides up to $6,000 in forgivable assistance. Your housing counselor can help determine which programs you qualify for.

Step 4:

Get pre-approved for a mortgage. Work with a WHEDA-approved lender or a local credit union like Landmark Credit Union or Educators Credit Union, which offer first-time homebuyer programs with benefits like reduced closing costs and low down payment options.

Step 5:

Find a home in Greenfield within your budget and any applicable program price limits. Your real estate agent and housing counselor can help you identify properties that meet program requirements.

Step 6:

Submit your applications. Once you are under contract, your lender will help you apply for the DPA programs you qualify for. The WORTH grant and Downpayment Plus funds are typically applied at closing.

Frequently Asked Questions

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