Austin/Mower County Home Ownership Fund

City of Austin and Mower County · City program

2% loan up to $8,000.

The City of Austin and Mower County offer a 2% loan up to $8,000 for down payment, closing costs, or rehabilitation needed to buy a home. The program is available in Austin and throughout Mower County.

Last verified: September 16, 2026

Program details

How it works

The Austin/Mower County Home Ownership Fund is a jointly governed revolving loan fund created by the City of Austin and Mower County in March 1997. It is intended to help families in Mower County with low and moderate income become homeowners.

What the money covers

Funds are available in the City of Austin and throughout Mower County for:

Down-payment assistance
Closing costs
Rehabilitation necessary to purchase a home

The program page says the loan is at 2%.

Amounts and matching

Up to $8,000
2% loan

A related lending-criteria document says the requested down payment, closing cost, or rehab loan amount should not exceed $8,000, though exceptions are allowed in certain cases.

How to apply

The city says applicants should contact a local real estate agent, local lender, or City Hall.

Timing and deadlines

The program page does not state a closing date or application window.

Extra notes

The program is specifically tied to home purchase assistance. The rehabilitation funds are described as rehabilitation necessary to purchase a home, not a general home-hardening grant.

Full eligibility details

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