The City of Webster City
offers two programs for income qualifying families:
1) First Time Homeowner Down Payment Assistance
2) Owner-Occupied Housing Rehabilitation Program
The loan programs offer 2.5% interest for a 10 year loan with payments made
on a monthly basis.
The First Time Homeowner Down Payment Assistance Program offers eligible
applicants up to 10% of their conventional loan, but in no case more than
$7,500.00. Applicants must be a first time home buyer, and the home being
purchased must be within the corporate limits of Webster City. The conventional
loan must be with a local financial institution. Income caps are based on 80% of
the average median income of Hamilton County for the current year.
The Owner-Occupied Rehabilitation Program offers eligible applicants a
maximum loan amount of $20,000.00 to rehabilitate their dwelling to meet Section
8 Housing Quality Standards after the rehabilitation. To apply, the following
minimum requirements must be met: 1) The home must be owner-occupied; 2) The
home must be within the corporate limits of Webster City; and, 3) The household
income must be at or below 80% of the county median income. A prioritized
listing of the type of work that will qualify would be emergency/hazard, fire
protection devices, energy conservation measures, and incipient violations.
Further requirements and application forms may be obtained from the Planning
Department at City Hall. Contact Karla Wetzler, City Planning Coordinator, for