Homes 4 Sale

Purchase homes directly from the Winnebago Homebuyer Program through this new and exciting initiative. Launched in the fall of 2015, the Winnebago Homebuyer Program is collaborating with community partners on the purchase and full renovation of homes in desirable neighborhoods, restoring them into attractive, updated homes. These homes are available for purchase to qualified LMI homebuyers, with the first home completed and sold in early 2016. Qualified homebuyers will be eligible for downpayment assistance funds.

Applicant Info

Income Limits

Homebuyers must have a combined household income below 80% of County Median Income (CMI).

Click to see 2019-2020 INCOME LIMITS (scroll down on the linked page to Winnebago County).

In calculating income, add the gross (pre-tax) income amounts from all sources for all household members, excluding wages earned by minors, from financial aid, and benefits received for medical and child care*.

Homebuyers must be able to afford the home purchase costs including mortgage, taxes and insurance, without spending more than 32% of their month income on these expenses.

*Income calculations entail a comprehensive review of all income sources, including verifications and underwriting. Additional excluded income sources may be applicable.

Homebuyer Ed

The adult members of the purchasing party must complete 8 hours of approved homebuyer education training. The Winnebago Homebuyer Program administers this training in partnership with FISC.

Visit our HOMEBUYER UNIVERSITY resource page for information on homebuyer preparation.


Potential homebuyers must meet high standards of financial management, consistent with standard mortgage loan underwriting principles, including:

-- Current on all debt obligations, including credit cards, loans, judgements, and other debts.

-- Target household debt of 10% (not counting housing costs) of gross monthly income. Debt can not exceed 14%.

-- Demonstrated ability to meet all current obligations without incurring additional debt.

-- Ability to put aside a minimum monthly amount of dollars for home purchase, home maintenance and emergency savings.

-- A minimum three years from most recent bankruptcy discharge.

-- Completion of homebuyer education course and one-on-one financial assessment.

Visit our HOMEBUYER UNIVERSITY resource page for information on homebuyer preparation.


The homebuyer will need to invest between $1,500 and $4,500 in the purchase, while having a set-aside emergency savings that is not spent.

Homebuyers purchasing a home from the Winnebago Homebuyer Program will be eligible for downpayment support designed to make the home affordable for LMI families, including:

-- Up to $20,000 in 0% interest loans with deferred payments due at the time in which the homeowner sells, transfers possession, or no longer utilizes property as primary residence.

-- Up to $2,500 in 0% interest forgivable loan assistance. Forgivable terms vary.

The homebuyer will need to qualify for first mortgage financing to cover the cost not covered by assistance and the homebuyer investment. Total monthly cost of mortgage, interest, taxes, and a $50 per month maintenance savings should be around 30% of gross monthly income.

Getting Started

All interested parties will need to complete an application with the Winnebago Homebuyer Program. Properties will be listed with a partner real estate professional, with information available online and home showings available.

Prior to completing the application, you are encouraged to spend a few hours reviewing the homebuyer resources at our HOMEBUYER UNIVERSITY to help determine if homeownership is right for you at this time, and what steps you can take to better position yourself for successful homeownership.

You can complete the Winnebago Homebuyer Program application by DOWNLOADING A COPY, filling it out and returning it to the office at 600 Merritt Avenue, Oshkosh, WI 54901.

The application is valid for all Winnebago Homebuyer Program purchase assistance programs.

Project Benefits

Neighborhood Stabilization

The Home Redevelopment Initiative helps to stabilize and improvement neighborhoods through the rehabilitation and sale of a home to a buyer who will utilize the home as their primary residence.

The Winnebago Homebuyer Program collaborates with municipal planning staff to identify strategic locations that will have maximum impact, working to preserve owner-occupied neighborhoods while improvement the neighborhood through the investment of much needed capital into the restoration of often neglected homes.

Often the units purchased require extensive repairs that prohibit a traditional homebuyer from acquiring, leaving the homes unsold for extended periods. When eventually purchased, these homes are frequently transitioned into rental units, with few of the needed repairs finished.

The purchase and rehab by the Winnebago Homebuyer Program improves the property and neighborhood while creating additional home ownership opportunities.

Housing Rehab

The Winnebago Homebuyer Program and municipal partners will invest up to $350,000 between 2015 and 2024 on the rehabilitation of homes through the Home Redevelopment Initiative. This home rehab entails many benefits, including:

-- Elimination of defects and blight from project homes.

-- Removal of health hazards including lead and asbestos.

-- Improvement of property values and municipal tax base.

-- Support of local workforce through rehab contracts.

-- Homebuyer acquires home that meets all health and safety standards, and conforms to municipal home requirements.

All investment of public dollars is recovered as part of a revolving loan system that entails the repayment of assistance provided to homebuyers, with the repayment funds re-invested into new homebuyer assistance projects.

The program is directed by Justin R. Mitchell, Senior Public Housing Manager and Homebuyer Program Coordinator with the Oshkosh / Winnebago County Housing Authority.

Asset Development

Through affordable homeownership, income restricted and LMI households who demonstrate long-term responsible financial management have the opportunity to develop equity ownership in their home. This development of an asset can serve as an important part of a family's path to self-sufficiency and long-term financial security.

229 Fulton Avenue, Oshkosh qualifies for up to $28,000 in downpayment assistance. The purchase of 229 Fulton requires a minimum homebuyer investment of $3,000. Estimated monthly homebuyer payment: $790 (includes mortgage, taxes & insurance). Estimated first lender loan amount: $100,000. To schedule a showing, contact Cathy Bober at 920.420.9896 or visit her on the 229 Fulton listing page.

902 W. 4th Avenue, Oshkosh. 3BD,1BA home w/ 1 car garage
The purchase of 902 W 4th Avenue requires a minimum homebuyer investment of $2100. Estimated monthly homebuyer payment: $615 (includes mortgage, taxes & insurance). Estimated first lender loan amount: $79,000. To schedule a showing, contact Kyle Kehoe at 920.279.6103.
Bay Street, Oshkosh. 3BD,1BA, 2.5 car garage -- SOLD
Elmwood Ave, Oshkosh. 3BD,1.5BA, 2 car garage -- SOLD
New York Ave, Oshkosh. 3BD,2BA, 1 car garage -- SOLD
East Irving, Oshkosh. 3BD,1BA, 2 car garage -- SOLD
*East Irving sale is open to the general public and is not limited to LMI qualified homebuyers. Only LMI homebuyers would be eligible for downpayment assistance.
SOLD! -- Monroe Street, Oshkosh. 4BD, 2BA -- SOLD!