Down Payment Assistance

Steps to Apply: 

1. Complete or update your online Intake Form.
2. Get Prequalified for the Program 
3. Apply for Down Payment Assistance- once you have a home under contract
   • You will be required to include the following as part of your application:
     • Current appraisal & inspection reports for the property
     • Copy of contract to purchase the property
     • Lender's loan qualification and approval
     • Completed Affidavit for Current Employment
     • Full credit report with credit score within the last year
     • A copy of your most recent tax returns
     • If self-employed, tax returns for the 3 most recent years and a Year-to-Date Profit & Loss statement
     • Verification of Citizenship or Lawful Permanent Resident
     • Copies of recent bank statements and investment account statements
     • Signed Certification & Oath
4. Once approved, sign Agreement to Sell Deed Restriction
5. At closing, sign Workforce Ownership Deed Restriction
6. Annually, requalify for the Workforce Program - no other residential real estate ownership, 75% household income earned locally, at least one person works a minimum of 1,560 hours per year for a Local Business. 

Deed Restrict Your Home for Local Workers

Steps to Apply: 

1. Complete or update your online Intake Form.
2. Apply to Record a Restriction on Your Home
   • You will be required to include the following as part of your application:
     • Current appraisal & inspection reports for the property
     • Completed Affidavit for Current Employment
     • If you are retired, submit Completed Affidavit for Previous Employment
     • A copy of your most recent tax returns
     • If self-employed, tax returns for the 3 most recent years and a Year-to-Date Profit & Loss statement
     • Verification of Citizenship or Lawful Permanent Resident
     • Copies of recent bank statements and investment account statements
     • Signed Certification & Oath
3. Once approved, sign Agreement to Sell Deed Restriction
4. Record Workforce Ownership Restriction on your property, receive payment for restriction
5. Annually, requalify for the Workforce Program - no other residential real estate ownership, 75% household income earned locally, at least one person works a minimum of 1,560 hours per year for a Local Business.

Questions? Please email us at housing@tetoncountywy.gov or call us at 307-732-0867.