Do I Qualify for Downpayment Plus®?

Basic Borrower Responsibilities for ALL DPP Programs

• Earn household income at or below 80% of area median income. [See if you qualify]
• Participate in home buyer counseling.
• Sign 5-year retention agreement.
• Notify lender of refinance or sale of property, and repay pro rata portion of AHP subsidy as necessary.
• Use the home as your primary residence.

Who is eligible to receive a Downpayment Plus forgivable loan?

Use the form below to find the program qualification income limits for your state, county, and the number of members in your household. [Terms of Service]

State:	IL WI MN IA MI
Household Members:	People

The program is available to home buyers with a combined annual household income at or below 80% of the median household income of the area where the property is located, adjusted for family size. The borrower must contribute $750 toward the purchase of the home. The purchaser(s) must complete a home buyer or homeowner counseling program prior to receiving grant funds, and sign a certificate of eligibility that certifies their income. The borrower is not eligible to receive AHP funds within 30 months of receiving a Downpayment Plus subsidy for the same home.

For the DPP Advantage Program

The Downpayment Plus Advantage program is a downpayment and closing cost assistance program for low and moderate-income home buyers who are participating in home ownership programs offered by nonprofit organizations that provide mortgage financing directly to the home buyer, such as Habitat for Humanity. The nonprofit organization should contact a participating Member to reserve DPP Advantage funding.
Please note that for DPP Advantage program only borrowers are NOT required to contribute $750 toward the purchase of the home. No borrower contribution is required.

Who can I contact with questions?

If you have questions regarding these programs or have difficulties accessing Downpayment Plus documents, please contact:

Heather Boggs or Lisa Kratz
608/258-5560, ext 32 or 27
Fax: 608/258-5565
Email: dpp@wphd.org

“Downpayment Plus”, “DPP”, “Downpayment Plus Advantage” and “DPP Advantage” are registered trademarks of the Federal Home Loan Bank of Chicago.