The REALTORS® Association of South Central Wisconsin Housing Foundation is a non-profit corporation dedicated to an increase in affordable housing in Dane county and those counties adjacent to Dane.

The Foundation makes available to qualified applicants a low interest, deferred payment loan to be used for the down payment and/or closing costs associated with the purchase of a home. To qualify, applicants must:

1. Have a family income that falls below eighty percent (80%) of the county median income.
   Click Here for chart illustrating Median Income Levels.
   
   
2. Have an accepted offer to purchase on a home in Dodge, Columbia, Sauk, Dane, Green, Iowa, Jefferson or Rock counties.
   
   
3. Complete an application for a first mortgage loan with a primary lender.
   
   
4. Have a primary lender submit a loan request to the Housing Foundation.

Because these are deferred payment loans, there is no repayment required until the end of the term, which is 15 years. In addition, the loan comes due if the property is sold, refinanced or vacated (becomes non-owner occupied). The Borrower may make partial or full payment of the loan at any time prior to the due date, without penalty.

* These income figures are obtained from HUD (Full year 2008)