Resources
Links for new home buyers
Home Buying Institutehttp://www.homebuyinginstitute.com/
A great resource on all things associated with buying a home. The site offers tips on how to prepare for buying a home, insight on the process, getting credit info, mortgage info, and even provides several tools to help you get started.
Wisconsin Housing and Economic Development Authority
http://www.wheda.com/
Wisconsin Housing and Economic Development Authority offers innovative products and services in partnership with others to link Wisconsin residents and communities with affordable housing and economic development opportunities.
Department of Housing and Urban Development
http://www.hud.gov/buying/
HUD's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination.
Real Estate ABC
http://www.realestateabc.com/homebuying/
This website has links to several articles that relate to purchasing a home. It covers such topics as credit questions, real estate agents, and resale value.
About.com
http://homebuying.about.com/
This website has several articles relevant to purchasing a home. It has steps for first time home buyers as well as articles covering such topics as counter-offers.
Madison Area Community Land Trust (MACLT)
http://www.affordablehome.org/
An organization that uses the land trust ownership model to assist families with home ownership. Income limit is 80% of Dane County Median Income.
NOAH (Neighbor-Owned Affordable Housing)
http://www.projecthomewi.org/
A down payment and rehab assistance program to purchase a 2-8 unit owner occupied property in the City of Madison.
Operation Fresh Start
http://www.operationfreshstart.org/
Builds and sells a few homes each year for families whose income is no more than 80% of the Dane County Median Income.
Rural Development
http://www.rurdev.usda.gov/wi/
A federal agency that provides direct loans for low-income families and loan guarantees to moderate-income families for the purchase of a home. These loan programs may offer 100% financing and do not require private mortgage insurance. Often closing costs and repairs can also be financed. Eligible areas include communities under 10,000 populations in Dane and surrounding counties.
WI State VA
http://dva.state.wi.us/
A program for eligible veterans with a 5% for down payment. These 30-year mortgages usually have an interest rate that is lower than comparable mortgages. No private mortgage insurance is necessary
Urban League of Greater Madison
http://www.ulgm.org/
Single-family rent-to-own program. For families with incomes less than 60% of the Dane County Median Income. No down Payment required.
Movin' Out, Inc. -- AHP Loans
http://www.movin-out.org/
For households with incomes less than 80% of the County Median Income and has a family member with a permanent disability.
Dane County Housing Authority's Down Payment Assistance Program
http://www.dcha.net/homebuyer-assistance-program.php
The Down Payment Assistance Program (DPAP) is designed to assist first time homebuyers at or below 80 percent of County Median Income (CMI) who wish to achieve homeownership in Dane County outside the City of Madison.
Wisconsin Partnership for Housing Development
http://www.wphd.org/
The Partnership is a private nonprofit corporation working to expand affordable housing opportunity through innovation in housing development, consulting, finance and advocacy.
