Question 1

What is the City of Marathon Down Payment Assistance amount?

Accepted Answer

The program provides up to $20,000 in down payment and closing cost assistance loans for qualifying low- and moderate-income buyers.

Question 2

Is the Marathon down payment assistance loan forgivable?

Accepted Answer

Yes. The loan features 0% interest and no monthly payments. It is structured with prorated forgiveness over a 30-year period as long as you occupy the home.

Question 3

Can I stack the Marathon DPA with Monroe County SHIP?

Accepted Answer

Yes. Updated for 2026, the City ordinance allows the Marathon loan to take a tertiary lien position, allowing it to be stacked behind the Monroe County SHIP program.

Question 4

What are the income limits for the Marathon DPA program?

Accepted Answer

The program serves households up to 160% AMI (Middle Income). For a 4-person household in 2026, the Middle Income limit is approximately $208,500.