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Get Matched Free →Homebuyer Programs in New Berlin, WI (2026)
New Berlin is a thriving suburban city in Waukesha County, part of the greater Milwaukee metropolitan area, with a population of approximately 40,300 and a median home price around $433,000. While New Berlin's home prices are above the state average, buyers here can access significant assistance through several programs. The City of New Berlin offers its own Down Payment Assistance and Closing Cost Program for first-time buyers, with First Bank Financial Centre matching up to $2,500 in closing costs. The HOME Consortium Down Payment Assistance program provides forgivable loans up to $10,000 through Waukesha County, and the WORTH Down Payment Assistance Program offers grants up to $8,000. Buyers may also qualify for the Downpayment Plus Program through FHLBank Chicago, which provides up to $6,000 in matching grant funds. Combined with Wisconsin state programs like those through WHEDA, first-time buyers in New Berlin can potentially stack over $20,000 in assistance toward their home purchase.
City Programs in New Berlin
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| City of New Berlin Down Payment Assistance and Closing Cost Program | Grant | First Bank Financial Centre matches up to $2,500 for closing costs | Yes | View → |
- Type:
- Grant
- Amount:
- First Bank Financial Centre matches up to $2,500 for closing costs
- First-time only:
- Yes
County Programs in Waukesha County
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| HOME Consortium Down Payment Assistance (Waukesha County) | Forgivable Loan | Up to $10,000 | Yes | View → |
| WORTH Down Payment Assistance Program | Grant | Up to $8,000 | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to $10,000
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Up to $8,000
- First-time only:
- Yes
State Programs in Wisconsin
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| WHEDA Advantage Conventional Loan | Government-Insured Mortgage | Low down payment first mortgage (as low as 3% down) | Yes | View → |
| WHEDA Advantage FHA Loan | Government-Insured Mortgage | Low down payment first mortgage (3.5% down) | Yes | View → |
| WHEDA Capital Access DPA | Deferred Loan | Up to $7,500 (between $3,050 and 3% of purchase price) | Yes | View → |
| WHEDA Easy Close DPA | Repayable Loan | Up to 6% of purchase price | Yes | View → |
| WHEDA Tax Advantage (Mortgage Credit Certificate) | Tax Credit | Up to $2,000 per year in federal tax credits | Yes | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Low down payment first mortgage (as low as 3% down)
- First-time only:
- Yes
- Type:
- Government-Insured Mortgage
- Amount:
- Low down payment first mortgage (3.5% down)
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Up to $7,500 (between $3,050 and 3% of purchase price)
- First-time only:
- Yes
- Type:
- Repayable Loan
- Amount:
- Up to 6% of purchase price
- First-time only:
- Yes
- Type:
- Tax Credit
- Amount:
- Up to $2,000 per year in federal tax credits
- First-time only:
- Yes
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- 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
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- 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
- 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
- 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
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- 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
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Downpayment Plus Program (FHLBank Chicago) | Grant | Up to $6,000 (3:1 match of buyer contribution, max $6,000) | No | View → |
| Habitat for Humanity of Waukesha County Homeownership Program | Zero-Interest Loan | Affordable mortgage based on income (below-market financing) | No | View → |
- Type:
- Grant
- Amount:
- Up to $6,000 (3:1 match of buyer contribution, max $6,000)
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Affordable mortgage based on income (below-market financing)
- First-time only:
- No
How to Apply
Check your eligibility. Most programs in the New Berlin area require household income at or below 80% of the Area Median Income for Waukesha County. WHEDA state programs have income limits of $110,700 for 1-2 person households and $127,305 for 3+ person households in non-target areas.
Complete homebuyer education. All HOME Consortium and WORTH programs require homebuyer counseling. Contact the Housing Action Coalition of Waukesha County at 262-326-5322 for local counseling options, or reach a HUD-approved housing counseling agency in the area.
Contact Waukesha County Community Development. Reach Debbie Narus at (262) 896-8170 for information about the HOME Consortium Down Payment Assistance program and other county-administered programs.
Apply for the City of New Berlin DPA program. Visit the City of New Berlin's Fair Housing page at newberlinwi.gov to download the informational flyer and application for their Down Payment Assistance and Closing Cost Program.
Get pre-approved for a mortgage. Work with a WHEDA-approved lender to explore state-level programs like WHEDA Easy Close DPA, which offers between $1,000 and 6% of the purchase price. Landmark Credit Union, which has a branch in New Berlin, offers first-time homebuyer programs with $1,000 off closing costs.
Find a home within program limits. The WHEDA maximum purchase price for a single-family home in Waukesha County non-target areas is $544,232. Ensure the property meets HOME Consortium inspection requirements.
Submit your applications and close. Work with your lender and housing counselor to submit all program applications before closing. The county DPA loan is typically processed alongside your mortgage closing.