First-Time Homebuyer Grant
Make your dream of homeownership a reality
The First-Time Homebuyer Grant is a one-time financial contribution of $1,000 that will be applied toward the down payment of your mortgage loan at the time of closing. Consider it our way of saying “Welcome to the neighborhood!”
Details & eligibility
Want to apply? Here are the guidelines:
- You must be at least 18 years of age.
- You must apply on behalf of yourself.
- Your home must be in one of these geographic counties:
- Iowa: Any county
- Illinois: Carroll, Jo Daviess, Rock Island, Stephenson, Whiteside
- Wisconsin: Columbia, Crawford, Dane, Dodge, Grant, Green, Iowa, Jefferson, Lafayette, Richland, Rock, Walworth, Waukesha
- You must secure a mortgage from a credit union that has a physical branch in a geographic county listed above.
- You must be a first-time homebuyer—defined as having no homeownership for the last three consecutive years from the date of your application.
- You can’t have previously received a first-time homebuyer grant from the Foundation.
- Your household income should be 300% or less of the applicable Federal Poverty Level.
Hint: A limited number of grants are available and are reserved on a first-come, first-served basis. Applications are reviewed every two weeks, and the approval process can take up to a week. If approved, a proof of mortgage approval will need to be submitted, and the grant can take 2 – 4 weeks to be issued following receipt of mortgage approval.
How to apply
02.
Gather copies of the following:
- Proof of accepted offer
- Proof of income (from your credit union)
03.
Mail your application and supporting documents to:
Dupaco Foundation Attn: Community Impact
P.O. Box 179
Dubuque, Iowa 52004-0179
Have questions? Need help? Email us at foundation@dupaco.com.
