Down Payment and Closing Cost Incentives*
Select Milwaukee offers a variety of incentive programs for home buyers. Each program has specific qualifications. Your Homeownership Specialist will discuss your eligibility and which programs may be available.
NeighborhoodLIFT Milwaukee – NeighborhoodLIFT is a national program from Wells Fargo and NeighborWorks® America. It provides eligible home buyers with $15,000 to use towards down payment and closing costs on qualified homes. Learn more!
Affordable Home Program (AHP) – Funded by the Chicago Federal Home Loan Bank
Homebuyer Assistance Program (HAP) – Funded by by City HOME funds City of Milwaukee
Downpayment Plus Program (DPP) – Funded by the Chicago Federal Home Loan Bank
Employer Assisted Homeownership (EAH) Program – Several Metro Milwaukee employers have teamed up with Select Milwaukee to participate in our EAH Program. Customized for each employer, the EAH Program offers fast track servicing and employer-sponsored assistance with down payment and closing cost incentives. Learn more!
Housing Cost Reduction Initiative (HCRI) – Funded by Wisconsin Department of Housing
Individual Development Account (IDA) – Through a federal grant paired with additional funds raised by United Way of Greater Milwaukee, participants’ savings are matched $4 to $1 for first-time home buyers through Select Milwaukee. Participants must meet income qualifications and participate in financial education workshops in order to enroll in the IDA program.
Lender Initiatives – Entry cost assistance loans at 0% interest, closing cost credits.
Purchase Assistance Loan (PAL) Program – Funded by Select Milwaukee by funds made available through NeighborWorks® America. Income limit set at 120%
Tip! Many home buyer incentives require a Home Buyer Education Certificate of Completion and to meet with a certified Homeownership Specialist prior to entering into your home purchase contract. Check out our Education section to register for our Home Buyer Education workshop or online Home Buyer Education course eHomeSelect.
Renovation & Repair Incentives*
City of Milwaukee Strong Neighborhoods Plan Home Buyer Assistance Program – Forgivable loans up to $20,000 for the rehabilitation of City-owned homes. Learn more! Español
Focus on Energy Program – Home buyers and existing home owners can take advantage of rewards for air sealing and insulation improvements through the Home Performance with ENERGY STAR Program. Customers may be eligible to receive a rebate of 75% of the cost of energy improvements up to $2,500. Focus on Energy also offers cash rewards for heating and cooling equipment replacement, geo-thermal installation and appliance recycling.
Milwaukee Shines – This City of Milwaukee program provides incentives for installation of solar electric and solar hot water systems. Incentives are based on the size of the system installed and eligible program participants can receive up to $4,400 in cash-back rewards from the corresponding Focus on Energy and Me2 Programs. Participants may also be eligible to receive a Federal Tax Credit.
Reclaiming Our Neighborhoods (RON) – Purchase/Renovation funds up to $14,500 for the purchase of foreclosed properties in Layton Boulevard West. Learn more!
*Incentives are subject to eligibility requirements and based on funding availability. We offer purchase and repair incentives to home buyers who establish a relationship with a Select Milwaukee Homeownership Specialist prior to entering a purchase agreement. We have limited resources for incentives and need to invest them in purchase transactions of customers who, because they have taken advantage of our education and counseling services, are much more likely to be successful homeowners. And, it’s really best to first meet with a Specialist to first learn about your eligibility for incentives.
Call Heidi Buchberger -Full Time Realtor- To Learn More About WI Home Buyer Programs!
262-443-2672
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