The City of Wausau has funds available to provide low interest installment loans to assist with a down payment and/or closing costs associated with buying a home in the City of Wausau. Applicant(s) must meet the income guidelines listed in the chart above to qualify for the program.
Current Program Participant?
If you have an active Down Payment Assistance Loan with us, you can access your account on a borrower to view your balance and loan details. First-time users will need to register. This is a new program, and additional features will be added over time. Please continue using the portal as new functionality becomes available. Borrower Portal – Log In
Interested in Applying?
Interested applicant must complete the Online Application (provides a safe and secure way to upload personal information) or PDF Application and submit the required documentation listed below.
Required Documentation
The following documentation, if applicable, must be submitted with your application:
- Income
- 3 months of current paystubs (current/consecutive)
- 12 month history of child support payments (statement from child support agency or from online account: Child Support Online Services)
- Social Security Award Letter(s)
- Pension/Retirement Award Letter(s)
- SNAP (FoodShare) Approval Letter
- Any other income
- Most recent federal and state tax returns (past 1 year; 2 years if self-employed).
- 3 months of statements for all accounts containing readily available funds (e.g., checking, savings, money market, certificates of deposit, etc.).
- Proof of $1,500 in available funds ($1,000 toward purchase and $500 in reserves) is required.
- Most current retirement/investment account(s) statement(s)
- Copy of valid driver's license or state issued ID
- First mortgage pre-approval letter – If not currently available, required within 15 days of approval
- Credit report - staff can obtain from lender
For full program details, view our Down Payment Assistance Flyer. If you have any questions, feel free to email Wausau Development or call 715-261-6680.