Homebuyer Program

Program Description:

The Homebuyer Program provides eligible low-moderate income homebuyers with a maximum of $10,000 (based on program affordability) for down payment and closing costs.  The funds will be in the form of a non-interest bearing loan, which will be repaid to Newcap upon the sale of the home or when it is no longer the primary residence. Applicants will be served on a first-ready, first-served basis as funds are available.  First-ready, first-served clients would have to have an accepted offer to purchase and funding approval from a financial institution.

Eligibility Guidelines:

Applicants must be at or below 80% of the current County Median Income, be bankable with a lending institution, and complete a Homebuyers Education Program. Use our eligibility calculator to find out if you may be eligible for this program. 

Application Process:

Please fill out our intake form here first. You will need your confirmation number and password to continue on and fill out the online application.

Then come back to this page and fill out our online application below:

Homebuyer Program Application

Homebuyer Program Application


Loan Information

Employment Information

Please complete for all members of the household who are over the age of 18 and employed; regardless of who will be applying for the mortgage loan and/or Homebuyer Program.

Monthly Income Information

Please complete for all members of the household who are over the age of 18 and employed; regardless of who will be applying for the mortgage loan and/or Homebuyer Program. (NOTE:: Please use gross income)


Liquid Assets Information: List the cash value of assets held by all residents of your household combined. If money is owed on any item, the value should equal the market value of the item minus the amount that is owed. If you do not have something in an area put "0".

Monthly Fixed Charges/Deductions

List combined for all in household. If you do not have a monthly fixed charge/deduction in a field, put "0".


Statement by Applicant(s): Marital property statement: No provision of a marital property agreement (including a Statutory Individual Property Agreement pursuant to Sec. 766.587, Wis. Stats.), unilateral statement classifying income from separate property under Sec. 766.59, or court decree under Sec. 766.70 adversely affects the creditor unless the creditor is furnished with a copy of the document prior to the credit transaction or has actual knowledge of its adverse provisions at the time the obligation is incurred. I/We affirm that all the answers given in this application are complete and correct to the best of our knowledge and made for the purpose of obtaining financial assistance. Knowingly making false statements in order to qualify for HOME Homebuyer Program assistance may make you subject to civil or criminal penalties. I/We authorize Newcap, Inc., to communicate with any person, firm, or corporation and to obtain such information as it may require concerning the statements made in this application and agree that the application shall remain the property of Newcap Inc., whether or not the financial assistance herein requested is granted.

Grievance Procedure:You, as a HOME Program participant, may at some time during your program participation, have a complaint regarding the HOME Program, its operation, its contractors, or its staff. Should this occur, you are to contact the Complaint Officer. This may be done by telephone, personal contact, or written correspondence, either by you or your legal representative. If you choose to file a written complaint, please follow these procedures. Once the complaint has been received by Newcap, a meeting may be arranged, within seven (7) days, between you and the Complaint Officer to discuss the issue. If a mutually satisfactory resolution of the issue results from this meeting, a written report will be initiated stating the issue and its resolution. The written report will be approved by you and the Complaint Officer, and the matter will be considered closed. You may also request a hearing, if you so desire. This request must be in writing. Newcap will arrange for a formal hearing to take place within thirty (30) days of receipt of the written complaint. The decision resulting from this hearing will be rendered in writing within sixty (60) days for receipt of the written complaint. Appeals should be addressed to: HOME Program - Complaint Officer 1201 Main Street Oconto, Wisconsin 54153

Authorizatons: Housing Counseling Authorization: I/We hereby authorize Newcap, Inc., to discuss pertinent information relating to credit history, past and present employment earning records, bank accounts, stock holdings, social security disability and benefits, and any other related assets that are needed to receive homeownership counseling. I/We further authorize Newcap to receive and/or know any documents and/or actions relating to our file. In addition, Newcap may, at its sole discretion, obtain a Credit Bureau Report to verify information submitted to help ascertain eligibility to receive down payment and closing cost assistance. It is understood that a photocopy of this form will also serve as authorization. The information the agency obtains is only to be used in the homeownership program. Authorization to Verify Information: I/We verify that the information on this application is true and complete to the best of my knowledge and belief. I consent to the release of such information in order to qualify for Newcap's Homebuyer Program. I understand that providing false information or providing false statements may be grounds for denial of my application. I agree to provide verification of all income and assets as required by Newcap. I further authorize disclosure of all information that will verify my income and assets. Furthermore, I agree to complete the assigned budget worksheet. I/We authorize the release of information requested by Newcap in order to verify our eligibility for assistance and/or any other services offered by Newcap. This information may include inquiries about credit history, rental history, employment, income, pensions, assets, federal, state or local benefits, family composition, social security, residence history, etc. We further grant permission to Newcap to contact social services, financial institutions, landlords, employers, credit bureaus, courts, realtors, and other sources of information in order to facilitate our participation in services or programs available through Newcap. I/we further authorize the sharing of information, including, but not limited to, such documents as the Offer to Purchase, Loan Application, Third-Party Inspection and Appraisal, Verification of Human Services, and Verification of Disability, with social service agencies, financial institutions, real estate professionals, courts and attorneys, and other agencies, as listed in this application. I am aware that a Housing Quality Standards (HQS) inspection must by completed by a Newcap HQS-certified inspector to receive funds for down payment and closing cost assistance. Defective and/or non-compliant code areas noted in the inspection must be addressed. By signing below, you are acknowledging that you have read and understand the Grievance Procedure, Housing Counseling Authorization, and Authorization to Verify Information.