Home Ownership Programs

Down Payment Assistance Program 

Working in tandem with City’s goal of providing affordable housing to its citizens, the Down Payment Assistance provides below-market financing to first time homebuyers to be used towards the down payment for their first home. The program is offered households at or below 80% of the area median income that will be owner occupied. 

  80 AMI 2019

Program at a glance: 

  • Maximum assistance up to $14,800 or 20% of the purchase price, whichever is lower 
  • Households must income qualify at or below 80% AMI (see chart above) and not have assets that exceed $10,000
  • Assistance in the form of secondary mortgage, in the form of a pyable loan at 0% interest
  • Primary mortgage must be fixed rate (no ARM or Balloon mortgages)
  • Homebuyer to contribute at least $1,000 of their own funds towards purchase
  • Homebuyer counseling is required to be completed prior to closing on the home

•    Applications are accepted throughout the year

For more information on how to participate in the program, please email cdd-lending@cityofws.org

3254 Ridgeback Drive