Madison ADDI: Loan Application Processing

	The City of Madison American Dream Downpayment Initiative (ADDI)

ADDI Home
Frequently Asked Questions

Eligibility
Requirements
Property Eligibility
Homebuyer Eligibility
Assistance Available
Required Downpayment
Combined Qualifying Ratio
Loan-To-Value
Home Inspection
Lead-Based Paint
Taxes and Insurance
Stacking of Funds
Eligible Closing Costs
Repayment
Subordination
Non-Discrimination
Privacy
Appeals

Loan
Processing
Application Package
Processing
Closing
Loan Cancellation

Lender
Resources
Lender FAQ
Underwriting Guidelines
Lender Checklist
ADDI vs HOME-BUY
Downloadable Forms

Housing Developers' Toolbox
Madison ADDI Home Page
CD Office Home Page
Dept. of Planning and Development Home Page
City of Madison Home Page

Loan Application Processing

Once the Community Development Office receives the loan package, the process takes approximately 15 days.

Based on the verified information contained in the loan request file, a recommendation will be made for approval or denial of the homebuyer as the loan recipient. Upon approval or denial, the homebuyer and lender will receive written notice stating the conditions of the loan approval or the basis for denial.

PDF

Several of these documents are in PDF format (indicated with an icon like the one to the right). To view these materials, you'll need Adobe Acrobat Reader software, available for free here.

Housing Developers' Toolbox | CD Office | Department of Planning and Development | City of Madison

Community Development Office
City of Madison Department of Planning and Development
215 Martin Luther King, Jr. Blvd., Room 280
PO Box 2985, Madison, WI 53701-2985
Phone: (608) 267-0740 | Fax: (608) 261-9661 | Email: cdbg@cityofmadison.com