Downpayment Plus® Forms

Calculating Income

The Beneficiary Questionnaire and Income Calculation Worksheet are to be printed and faxed or mailed to WPHD at the time the grant reservation is made.

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

Loan Documents

The following forms are to be completed and sent to WPHD after closing with all the forms shown on the Transmittal Checklist.

• Home Buyer Counseling Checklist DPP6
• Certification of Home Buyer Education DPP7
• Predatory Lending Brochure
• Co-Signer's Statement DPP8 (to be used as needed)
• Mortgage and Grant Agreement DPP9 (fill-in format)
• FHA Mortgage, Retention and Subordination Agreement DPP9A (fill-in format)
• Transmittal Checklist for Closed Loan Documents DPP10

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

• Grant Funds Reservation Form DPP11
• Certification of Eligibility and Disbursement Request Form DPP12

Informational Documents

The following documents contain important information about the Downpayment Plus program and should be reviewed by all lenders entering DPP applications.

• Promotional Brochure DPP1
• Program Description and Guidelines DPP2
• Step-by-Step Member Process DPP3
• Q&A About Downpayment Plus
• Member and Borrower Responsibilities
• HOEPA Covered Loan Definition
• Rehab Guidelines

Member Enrollment Forms

The Lender Subsidy Agreement and Contact Person forms (along with the $100 participation fee) must be sent to WPHD before Members can begin reserving funds. (One subsidy agreement and participation fee enrolls the Member in both the DPP and DPP Advantage programs.) The Amendment Agreement must be sent to WPHD with the closing documents when the first mortgage is an FHA loan.

• Lender Subsidy Agreement DPP4
• Contact Person Form
• Amendment to 2007 DPP Program Agreement (required for FHA loans)

DPP Repayment Forms

The following document is to be used if repayment of the DPP subsidy is required.Repayment Worksheet DPP13

• Repayment Worksheet DPP13
• Assistance with calculating a repayment

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.