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Downpayment Assistance
Updated May 2019 - For a limited time, Western Dairyland is providing up to $5,000 in financial assistance to income-eligible homebuyers in our service area. Funds may be used for down payments, mortgage insurance, homeowners insurance, or closing costs.
Eligibility requirements:
- The home being purchased must be located in Eau Claire, Trempealeau, Jackson or Buffalo counties.
- Applicants must be income-eligible (see below)
- Based on income, applicants are required to provide a cash contribution of either $500 or $1,000 towards the home purchase
- Applicants must qualify for a home loan through a reputable lender (we cannot qualify you for a mortgage).
- Applicants must participate in a homebuyer education class. Contact us for a list of available classes.
- No land contracts are allowed - must be simple fee title.
- No mobile homes are allowed, and restrictions may apply to pre-fabricated homes.
Household income limits:
Eligible applicants must have a total household income at or less than 80% of the county median income:
Household
Size |
Trempealeau |
Jackson |
|
Eau Claire |
|
Buffalo |
1 |
$39,400 |
$38,300 |
|
$41,100 |
|
$38,300 |
2 |
$45,000 |
$43,800 |
|
$46,950 |
|
$43,800 |
3 |
$50,650 |
$49,250 |
|
$52,800 |
|
$49,250 |
4 |
$56,250 |
$54,700 |
|
$58,650 |
|
$54,700 |
5 |
$60,750 |
$59,100 |
|
$63,350 |
|
$59,100 |
6 |
$65,250 |
$63,500 |
|
$68,050 |
|
$63,500 |
7 |
$69,750 |
$67,850 |
|
$72,750 |
|
$67,850 |
8 |
$74,250 |
$72,250 |
|
$77,450 |
|
$72,250 |
|
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To apply for downpayment assistance, download an application (eleven pages). Return completed applications by mail or in person to:
Western Dairyland EOC Inc.
Attn: Downpayment Assistance
23122 Whitehall Road
PO Box 125
Independence, WI 54747
- or -
Western Dairyland EOC. Inc.
Attn: Downpament Assistance
418 Wisconsin Street
Eau Claire, WI 54703
For more information, call our offices between 8 am and 4:30 pm, Monday through Friday.
Eau Claire: 715-836-7511
ext. 1150
Independence: 715-985-2391 ext. 1257 |
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