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Home-Buy the American Dream (HBAD)

Quick answer

Home-Buy the American Dream (HBAD) is a Wisconsin down payment assistance program from City of Madison Community Development Division. It provides Up to $35,000 as a deferred-payment loan. It is aimed at first-time buyers. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast verified

Eligibility notes

0% deferred shared appreciation loan per city's 07/15/26 DPA matrix. Fact sheet updated June 1, 2026; page modified August 3, 2026.

Where does Home-Buy the American Dream (HBAD) apply?

This city-level program is available to buyers in Madison. Cities on our site where it applies:

DetailProgram terms
AssistanceUp to $35,000
TypeDeferred-payment loan
Minimum creditNot published on the program page
First-time buyerRequired
Income limitsLow-to-moderate income (Dane County income table)

How does Home-Buy the American Dream (HBAD) work with an FHA loan?

Wisconsin's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down.

Where do I confirm current terms?

On the official page: https://www.cityofmadison.com/dpced/community-development/housing/resources-for-homebuyers-and-property-owners/down-payment. Programs can pause when funds run out, so confirm availability with a participating lender.

← All Wisconsin down payment assistance programs

Frequently asked questions

Up to $35,000, according to City of Madison Community Development Division.

It's a deferred loan — no monthly payments, repaid when you sell, refinance or pay off the first mortgage.

Low-to-moderate income (Dane County income table)

Sources

Data last updated October 25, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.