JANESVILLE — The City of Janesville Housing Services Division has announced the relaunch of the Home Possible program, an initiative designed to make homeownership possible for first-time buyers.
This program provides financial support to help residents afford the down payment and closing costs on their new home, bringing the dream of owning a home within reach, according to a city News release.
Who Can Benefit:
- First-time homeowners ready to begin the home-buying process.
What the Program Offers:
- Home Possible Janesville provides a forgivable loan of up to $10,000 to assist with down payment and closing costs. To qualify for loan forgiveness, residents must remain in the home for at least five years.
Eligibility Requirements:
- You must have an accepted offer on a home.
- The home’s purchase price cannot exceed $209,000.
- The home must be located within Janesville city limits and pass an approved inspection.
- Your household income must meet specific program criteria; find those requirements on the City website brochure.
Application Process:
- Start by selecting a home and securing an accepted offer.
- Fill out the Home Possible application linked here:
Home Possible Janesville is designed to support the city’s current and future residents by providing financial aid to make homeownership achievable.
The process is open and moves quickly once approved, so residents may start the application process today.
For more information or to begin the application process, contact Ana Boden (Se habla español) at (608) 373-3441 or view the Home Possible Brochure in English or Spanish on the city website City website.
Para ver la versión en español, visite la página web de la ciudad de Janesville.
