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Homebuyer Programs in Oshkosh, WI (2026)

Population: 67,000 | Median home price: $250,000 | Est. closing costs: $5,000 - $7,500

Last updated April 9, 2026

Skyline of Oshkosh, WI

Oshkosh is a city of about 67,000 residents in east-central Wisconsin along the western shore of Lake Winnebago in Winnebago County, with a median home price around $250,000. Homebuyers in Oshkosh can access the Winnebago Homebuyer Down Payment Assistance Program, which provides 0% interest deferred financing for qualifying low-to-moderate income buyers in the county. ADVOCAP also offers down payment assistance through a 0% interest deferred second mortgage for buyers in Winnebago County. The Downpayment Plus Program from FHLBank Chicago provides up to $6,000 in forgivable grant assistance. At the state level, WHEDA offers the Capital Access DPA (up to $7,500) and Easy Close DPA (up to 6% of purchase price). By combining local and state programs, eligible Oshkosh buyers can significantly reduce the upfront costs of purchasing a home.

County Programs in Winnebago County

Winnebago Homebuyer Down Payment Assistance Program
Type:
Deferred Loan
Amount:
Varies (0% interest deferred down payment financing)
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

ADVOCAP Down Payment Assistance Program
Type:
Deferred Loan
Amount:
Varies (0% interest deferred second mortgage)
First-time only:
Yes
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
Habitat for Humanity of Oshkosh Homeownership Program
Type:
Zero-Interest Loan
Amount:
Affordable mortgage with 0% interest (home sold at no profit)
First-time only:
No

How to Apply

Step 1:

Check your eligibility. Most local programs require household income at or below 80% of the area median income for Winnebago County. WHEDA state programs have separate, often higher, income limits.

Step 2:

Complete homebuyer education. Contact ADVOCAP at (800) 631-7760 to schedule a financial readiness meeting and 8-hour homebuyer education course. This is required for most local and state DPA programs.

Step 3:

Contact the Winnebago Homebuyer Program or City of Oshkosh Planning Services at (920) 236-5058 to learn about the county's down payment assistance program and confirm current funding availability. City housing program applications are typically accepted during a limited window each spring.

Step 4:

Get pre-approved for a mortgage. Work with a WHEDA-approved lender to explore the WHEDA Advantage loan products and Capital Access or Easy Close DPA options. Ask your lender about the Downpayment Plus Program from FHLBank Chicago as well.

Step 5:

Find a home in the Oshkosh area. Properties must be owner-occupied. WHEDA purchase price limits apply for state-level programs.

Step 6:

Submit your applications. Your lender, ADVOCAP counselor, and the Winnebago Homebuyer Program will help coordinate paperwork for multiple programs. Allow 30-60 days for processing.

Frequently Asked Questions

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