- Provider - Movin' Out, Inc.-Down Payment Loan

Provider Details

Movin' Out, Inc.-Down Payment Loan

Address: (See Map)

902 Royster Oaks Dr.
Suite 105
Madison, WI 53714

Contact Information:

Phone: (608) 251-4446 x7
Website: http://www.movin-out.org/
Email: [email protected]

Description:

Movin’ Out’s Affordable Housing Program (“ AHP ”) is a 0% interest mortgage loan that a qualified buyer can use to assist with his or her down payment and/or closing costs on a home purchase.

Eligibility requirements include:
• Household income at 80% of the county median or less.
• First-time home buyer.
• A household member must have a permanent disability.
Eligible properties must be in the State of Wisconsin.
• Single-family homes, condominiums and some duplexes or twin homes qualify.

There are no monthly payments. The borrower must remain in the home and cannot default on the loan agreement. A portion of the loan (1/60th) is forgiven each month so that after five years of residence, the loan is completely forgiven. The AHP loan would be secured by a subordinate lien mortgage.

Service Categories

Housing

Hours of Operation

  • Monday: 8:00 AM-4:00 PM
  • Tuesday: 8:00 AM-4:00 PM
  • Wednesday: 8:00 AM-4:00 PM
  • Thursday: 8:00 AM-4:00 PM
  • Friday: 8:00 AM-4:00 PM

Languages Spoken

  • English

Sites

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Organization Products and Services
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Last Update Date: 12/03/2020

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