Downpayment Plus® Program for 2006

Bank Code:
Password:

Welcome to the Downpayment Plus® program, the Chicago Federal Home Loan Bank's (CFHLB) Affordable Housing Program (AHP) set-aside. The Wisconsin Partnership for Housing Development (WPHD), as program administrator in Wisconsin, has created this web application to ensure an efficient and accurate application process. There have been several changes to the program for 2006. Please familiarize yourself with the new aspects of the program before submitting a grant reservation.

This web application also allows CFHLB members to apply for Downpayment Plus Advantage program funds. This program provides assistance to households participating in home ownership programs offered by nonprofit organizations that provide mortgage financing directly to the home buyer, such as Habitat for Humanity. Please use this link for a list of eligible nonprofit organizations. More information about the DPP Advantage program can be found in the Program Q&A.

Also available through this web application are funds from the 2005 Downpayment Plus First-Time Homebuyer Program. This program became available in December 2005, and will remain available until June 2006, or until funds are exhausted, whichever comes first. More information about the First-Time Homebuyer Program can be found in the Program Q&A.

For Consumers

If you are a consumer who wishes to access Downpayment Plus funds or learn more about the program, please visit our online DPP Consumer Center for information on:

• Downpayment Plus Program
• Downpayment Plus Advantage Program
• Downpayment Plus First-Time Homebuyer Program

The Login

If you are a member lender of the CFHLB you can use the login above to access Downpayment Plus, Downpayment Plus Advantage, and Downpayment Plus First-Time Homebuyer program screens with your bank code and password to apply for grant funds online. You can also download and print program documents, either for your information or, where appropriate, to complete and fax to WPHD.

How To Use the DPP Online System

For step-by-step instructions on how to enter an application, please refer to the following documents:

• Downpayment Plus Program Website Instructions in PDF or in PowerPoint
• Downpayment Plus Advantage Program Website Instructions in PDF or in PowerPoint
• Downpayment Plus First-Time Homebuyer Program Website Instructions in PDF or in PowerPoint
  

Documents

The following online documents are available to download and print for lender use or for information.

• 2006 Income Limits
• Promotional Brochure DPP1
• Promotional Brochure for Advantage Program DPPA1
• Program Description and Guidelines DPP2
• Step-by-Step WPHD AHP Operating Plan DPP3
• Q&A About Downpayment Plus
• Q&A About Downpayment First-Time Homebuyers
• Q&A About Downpayment Plus Advantage
• Bank and Borrower Responsibilities

The following documents are available to download and print. Printed documents can be filled out, signed as necessary, and faxed and/or mailed to WPHD.

• Lender Subsidy Agreement DPP4 (fill-in format)
• Contact Person Form
• Amendment to 2006 DPP Program Agreement (required for FHA loans)
• Home Buyer Counseling Checklist DPP6
• Certification of Home Buyer Education DPP7
• Predatory Lending Brochure
• Co-Signer's Statement (to be used as needed) DPP8
• Mortgage and Grant Agreement DPP9 (fill-in format)
• Mortgage and Grant Agreement for DPP Advantage program DPPA9 (fill-in format)
• FHA Mortgage, Retention and Subordination Agreement DPP9A (fill-in format)
• Transmittal Checklist for Closed Loan Documents DPP10
• Transmittal Checklist for DPP Advantage Closed Loan Documents DPPA10
• List of Homebuyer Counseling Agencies

The following documents are to be printed and faxed or mailed to WPHD at the time the grant reservation is made.

• DPP Income Calculation Guidelines
• DPP Beneficiary Questionnaire
• DPP Income Calculation Worksheet

The following documents are to be completed online. Completed documents can then be downloaded, printed, signed and faxed to WPHD.

Downpayment Plus Program

• Grant Funds Reservation Form1 DPP1
• Certification of Eligibility and Disbursement Request Form DPP12

Downpayment Plus Advantage Program

• Grant Funds Reservation Form DPPA11
• Certification of Eligibility and Disbursement Request Form DPPA12

Downpayment Plus First-Time Homebuyer Program

• Grant Funds Reservation Form DPPFT11
• Certification of Eligibility and Disbursement Request Form DPPFT12

The following document is to be used if repayment of the DPP subsidy is required.

• Repayment Worksheet DPP13
• Assistance with calculating a repayment

If you need to login and view your institution's totals, please go to our Institutional Login page. Remember to use your bank code and institutional password.

If you have difficulties accessing Downpayment Plus documents, please contact the following:

Lisa Kratz or Jen Buckles
608/258-5560, ext. 27 or 21
Fax: 608/258-5565
Email: lisakratz@wphd.org or jenniferbuckles@wphd.org