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Downpayment Assistance
8/15/17 - 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 65% of the county median income:
Household
Size |
Trempealeau |
Jackson |
Eau Claire |
Buffalo |
1 |
$30,940 |
$30,875 |
$32,760 |
$30,875 |
2 |
$35,360 |
$35,295 |
$37,440 |
$35,295 |
3 |
$39,780 |
$39,715 |
$42,120 |
$39,715 |
4 |
$44,200 |
$44,070 |
$46,800 |
$44,070 |
5 |
$47,775 |
$47,645 |
$50,570 |
$47,645 |
6 |
$51,285 |
$51,155 |
$54,340 |
$51,155 |
7 |
$54,860 |
$54,665 |
$58,045 |
$54,665 |
8 |
$58,370 |
$58,175 |
$61,815 |
$58,175 |
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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
Independence: 715-985-2391 |
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