Homebuyer Down Payment and/or Closing Cost Loan Program
Community Development Department can provide eligible low/moderate income households, who are purchasing a home in the City of Tomah, with a deferred payment loan to pay for closing costs and up to one-half of a required down payment to purchase a home. The maximum loan is 10% of purchase price.
Eligible closing costs include:
- Loan Origination fees
- Loan discount points
- Appraisal costs
- Credit Report
- Title search & preparation charges
- Transfer fees
- Recording Costs
- Surveyor charge
