Beloit First-Time Homebuyer Program

City of Beloit Community Development

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers purchasing in Beloit. Forgivable loan is forgiven after 5 years of owner-occupancy. Must complete homebuyer education course and meet income limits.

Forgivable loan up to $15,000, forgiven after 5 years of owner-occupancy

Official program page checked live on 2026-06-17.

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Up to $15,000 forgivable loan
  • For down payment and closing costs
  • First-time homebuyers in Beloit
  • Income at or below 80% AMI
  • Requires homebuyer education course

How to Apply

A grant-savvy contractor in Beloit, WI can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Applications accepted year-round

Questions about this program?

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