Making Homeownership More Affordable
At FVSBank, we believe homeownership should be within reach for everyone. If you have a steady income and good credit but need assistance with upfront costs, we’re here to help. Through our program partners, you may be eligible for down payment assistance to make your dream home a reality.
Downpayment Plus® Program
The Downpayment Plus® Program* provides eligible homebuyers with up to $10,000 to use toward down payment and closing costs.
This assistance can help ease the financial burden of purchasing a home, making homeownership more affordable.
The Downpayment Plus® Program* provides eligible homebuyers with up to $10,000 to use toward downpayment and closing costs. This assistance can help ease the financial burden of purchasing a home, making homeownership more affordable.
Key Benefits of the Downpayment Plus® Program
✔️ Up to $10,000 in Assistance – Funds can be used toward down payment and closing costs, reducing upfront expenses.
✔️ Flexible Use – Funds can be applied to various upfront costs, including down payment, closing costs, and eligible prepaids.
✔️ Can Be Combined – This assistance can be layered with other programs, such as WHEDA Down Payment Assistance or other first-time homebuyer grants.
✔️ Supports First-Time & Repeat Homebuyers – The program is available to both first-time and repeat homebuyers who meet eligibility criteria.
Downpayment Plus® Program Eligibility Requirements
✅ Meet income eligibility requirements
✅ Contribute at least $1,000 to the purchase of the home
✅ Complete a pre-purchase homebuyer education and counseling program**
✅ Live in the home as their primary residence
WHEDA Down Payment Assistance Program***
The WHEDA Down Payment Assistance Program offers additional support for Wisconsin homebuyers who qualify.
This program provides affordable, fixed-rate loans to help with down payment and closing costs, making it easier to afford your first home.
Key Benefits of WHEDA Down Payment Assistance Program
✔️ Flexible loan options to fit your financial situation
✔️ Low-interest rates to keep homeownership affordable
✔️ Can be combined with other assistance programs, including the Downpayment Plus® Program
✔️ No prepayment penalty – pay it off anytime without extra fees
WHEDA Eligibility Requirements:
To qualify, homebuyers must:
✅ Meet WHEDA income and purchase price limits
✅ Complete WHEDA-approved homebuyer education
✅ Use the home as their primary residence
Which Program is Right for you?
Our experienced loan officers at FVSBank are ready to help you explore your options and determine the best down payment assistance program for your needs. Whether you qualify for the Downpayment Plus® Program, WHEDA assistance, or both, we’ll guide you through the process and help you secure the funds to make homeownership a reality.
*Downpayment Plus® is a program offered by the Federal Home Loan Bank of Chicago. Eligibility requirements apply. Program funds are limited and subject to availability.
** The education requirement must be delivered by a HUD-approved counseling agency or by an online provider approved by FHLBank Chicago. The counseling requirement must be delivered by a HUD-approved counseling agency.
***WHEDA programs are subject to eligibility requirements and availability. Contact an FVSBank loan officer for details.