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Down Payment Assistance

If you don’t have the savings to cover a down payment and closing costs on a new home, it might feel like you’ll be stuck renting forever — but you’re not out of luck.

What is Down Payment Assistance?

Down payment assistance is money available to homebuyers in the form of low- or no-interest loans, grants, tax credits, savings programs and more. Homebuyers must meet certain eligibility requirements to receive assistance.

Thanks to many great local organizations and our experienced home loan experts, you could receive down payment assistance and make your homeownership dreams a reality.

What are the requirements?

It depends on the organization, but applicants typically must:

1. Be below a certain income threshold.

This can vary by organization, location, family size and more.

2. Be a first-time homebuyer.

Definitions may vary by state and organization. For example: in Wisconsin, if you haven’t owned a home in the past three years, you could be considered a first-time homebuyer.

3. Agree to live in their home for a minimum number of years.

If you end up selling your home before that minimum, you may be subject to fees or penalties.

4. Live in a certain area.

Organizations and lenders may only support homebuyers looking to buy in certain states, counties, or other locales.

Do I Qualify?

Ask our home loan experts! We’ll save you time, set you on the right path and answer all your questions. No obligations — just answers.

Ask Us

How Does it Work?

Each organization processes applications, determines eligibility and provides assistance differently. For applicants trying to navigate a competitive market while finding the best program for them, it can be a lot to handle.

But there’s an easier path forward: talk to a UW Credit Union home loan expert. They’ll check if you’re eligible, identify the most beneficial programs and help you get the most assistance possible, all while saving you time and helping pace in the fast-moving housing market.

Ask Us

How Do I Get Started?

Reach out to us the moment you’re thinking about buying a home. The sooner we can connect you with an organization, the better.

When you get in touch, we’ll go over:

Your eligibility
The best program for you
Your potential budget
How to get pre-approved

At UW Credit Union, we’re dedicated to helping our members find, purchase and maintain affordable housing. Families can build generational wealth through homeownership — and we’re proud to help them get started by making down payment assistance programs easier to access.

UW Credit Union helped Eliza buy her first home

What our Members Say

"I totally appreciate the down payment assistance program. I’m ecstatic — it’s such a relief because owning my own home is a dream I didn't think I could ever reach."

- Eliza Estevis, UWCU Member

Read Eliza's Story

Get in Touch

We want you to feel at home with your home loan. That's why our local experts are always ready to answer your questions, understand your goals and help you take a smart step forward.