For Homebuyers

Welcome to the homebuyer information website! There are two separate Downpayment Plus programs in 2007 – Downpayment Plus® and Downpayment Plus Advantage®. Both programs are funded by the Federal Home Loan Bank of Chicago’s (FHLBC) Affordable Housing Program (AHP). The Wisconsin Partnership for Housing Development (WPHD) is working with the FHLBC to administer the programs for Members headquartered in Wisconsin. Below are links to the Questions and Answers document for each program:

1. Downpayment Plus® (DPP)
2. DPP Advantage

Basic Borrower Responsibilities for ALL DPP Programs

• Earn household income at or below 80% of area median income. [See if you qualify]
• Participate in homebuyer 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 their primary residence.

Who is eligible to receive a Downpayment Plus grant?

Use the form on our "Do I Qualify" page to find the income limits for your state, county, and the number of members in your household.

How to I apply for Downpayment Plus funds?

You cannot apply directly with WPHD. Only a Member of the FHLBC can apply for funds. Go to the “Participating Lenders” page to find a lender in your area.

What Counseling Agencies are in my area?

Go to the “Counseling Agencies” page to search for a counseling agency in your area.

Who can I contact with questions?

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

Lisa Kratz
608/258-5560, ext 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.