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Wisconsin program

City of Madison Home-Buy the American Dream (HBAD)

Wisconsin route through City of Madison Community Development Division. Use this page to confirm the core public facts first, then decide whether you need deeper comparison output and lender-call prep.

Deferred shared-appreciation loan Check official rules 2026-04-19
Agency City of Madison Community Development Division
Support type Deferred shared-appreciation loan
Amount highlight Down payment and closing cost assistance up to $35,000 for an eligible purchase in the City of Madison.
Last verified 2026-04-19

Use carefully

Repayment includes shared appreciation

This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.

HBAD is not a plain deferred second mortgage. Madison's public FAQ says repayment can include a proportional share of appreciation.

Decision-ready public facts

What this program appears to offer

Quick answer from published facts. Go to Wisconsin program hub

Amount

Down payment and closing cost assistance up to $35,000 for an eligible purchase in the City of Madison.

Type

Deferred shared-appreciation loan

Repayment

Madison says HBAD is a deferred shared-appreciation mortgage loan with no monthly payments. Repayment is triggered when the home is sold, no longer owner-occupied, title is transferred, or the borrower completes a cash-out refinance for something other than property improvements.

First-time buyer

Required

Program guide

What to know before you click through

Use the public facts first. Open the official source when a detail affects eligibility, repayment, or lender choice.

Who qualifies?

First-time homebuyers purchasing in the City of Madison, Low-to-moderate income households meeting current city income limits, Buyers purchasing a single-family home, condominium, or one-half of a duplex, Borrowers whose first mortgage is submitted by a lender and has a term of at least 30 years

What support do you get?

Down payment and closing cost assistance up to $35,000 for an eligible purchase in the City of Madison.

Do you repay it?

Madison says HBAD is a deferred shared-appreciation mortgage loan with no monthly payments. Repayment is triggered when the home is sold, no longer owner-occupied, title is transferred, or the borrower completes a cash-out refinance for something other than property improvements.

How do you apply?

Have a first mortgage lender submit the HBAD application package, complete HUD-approved homebuyer education and counseling, and allow the city to complete its underwriting and inspection process before closing.

Official source evidence

The official Madison HBAD materials say qualified first-time homebuyers may receive up to $35,000. The fact sheet and FAQ say HBAD is a deferred shared-appreciation mortgage loan with no monthly payments, and that repayment is triggered by sale, non-owner occupancy, title transfer, or certain cash-out refinances.

View official source

Last verified

2026-04-19

Effective date not captured.

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What paid access adds for City of Madison Home-Buy the American Dream (HBAD)

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Comparison preview

City of Madison Home-Buy the American Dream (HBAD)

Amount: Down payment and closing cost assistance up to $35,000 for an eligible purchase in the City of Madison.

Repayment: Madison says HBAD is a deferred shared-appreciation mortgage loan with no monthly payments. Repayment is triggered when the home is sold, no longer owner-occupied, title is transferred, or the borrower completes a cash-out refinance for something other than property improvements.

First-time buyer: Required

Risk checks preview

What gets flagged before you call a lender

  • City of Madison Home-Buy the American Dream (HBAD) must be paired with a specific first mortgage.
  • City of Madison Home-Buy the American Dream (HBAD) can trigger repayment on sale or refinance.

Lender questions preview

Questions tied to this exact path

  • Which first-mortgage product must be paired with City of Madison Home-Buy the American Dream (HBAD), and can it be combined with the saved options?
  • Which events trigger repayment for City of Madison Home-Buy the American Dream (HBAD): refinance, transfer?

Action checklist preview

What you would do next

  • Confirm the first-time buyer definition before you apply.
  • Verify the required first-mortgage pairing for City of Madison Home-Buy the American Dream (HBAD).
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What paid research already covers in Wisconsin

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What unlocks after payment

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city and county programs

City and county down payment or closing-cost programs that never make it into the free statewide layer.

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employer-assisted paths

Employer-linked housing incentives and workforce programs that matter only if they fit your job or agency.

4 tracked

specialty and conditional paths

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What paid access adds to this program

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Decision output

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