HOME Buyer Down Payment Assistance Program

HOME Buyer Down Payment Assistance Program هو قرض قابل للإعفاء لمشتري المنازل في Decatur، Illinois، وتديره City of Decatur, Economic and Community Development Department, Neighborhood Revitalization Division. The City of Decatur's HOME Buyer Down Payment Assistance Program provides up to $14,999 in down payment and closing cost assistance to low- and moderate-income homebuyers purchasing a single-family detached home within the City of Decatur corporate limits. Assistance is a 0 percent interest, five-year deferred forgivable loan secured by a second mortgage, forgiven in full after the owner occupies the home as a principal residence for 60 months. The program is funded through the federal HOME Investment Partnerships Program. Applicants must secure first-mortgage financing from a participating lender, complete HUD-certified counseling, and attend a residential property maintenance class. Up to $14,999 toward down payment and closing costs. 0 percent interest, no monthly payments. Forgiven in full after 5 years of owner-occupancy. Repaid only from net sale proceeds on a covered sale (excess forgiven). No prepayment penalty. يأتي التمويل من Federal HOME Investment Partnerships Program; the division also administers CDBG.

يقدم HOME Buyer Down Payment Assistance Program مساعدة تصل إلى $14,999. مساهمة مشتري المنزل: Applicant must provide a minimum 2 percent down payment (earnest) from their own funds (no gifts, loans, or grants) and demonstrate at least $1,000 toward down payment, insurance, and other costs. المبالغ هي الحدود القصوى التي ينشرها البرنامج، وليست عرضًا؛ City of Decatur, Economic and Community Development Department, Neighborhood Revitalization Division هي التي تحدد أي مبلغ يُمنح لكل شخص.

يُعفى من HOME Buyer Down Payment Assistance Program بعد 5 سنوات، لذا فإن مشتري المنزل الذي يبقى طوال هذه المدة لا يسدده. يُستحق السداد عند Repayment of the unforgiven portion is triggered within the 5-year recapture period by sale/transfer for consideration; the home ceasing to be the principal residence or conversion to rental; refinancing other than a permitted refinancing; or default. The loan is forgiven in full after 60 months of owner-occupancy. تُسجَّل المساعدة في مرتبة الرهن: Second. يحدد البرنامج شروط الإعفاء والسداد وقد تتغير؛ تحقّق منها في الصفحة الرسمية للبرنامج قبل التقديم.

HOME Buyer Down Payment Assistance Program مفتوح أمام مشتري المنازل لأول مرة ومشتري المنازل الذين سيسكنون المنزل كمسكن رئيسي. لعبارة "لأول مرة" استثناءات هنا: First-time homebuyer defined as no ownership interest in a principal residence during the 3 years prior to application; displaced homemakers are exempt from the waiting period. يلزم إكمال دورة لمشتري المنازل، عبر HUD-certified housing counseling agency (e.g., Community Investment Corporation of Decatur); must also attend a residential property maintenance class. شرط الإقامة: Property must be within the City of Decatur corporate limits. Retirement assets (IRA/401K) excluded from the $50,000 asset limit but cannot exceed $75,000. Maximum front-end housing ratio 30 percent; back-end ratio 42 percent. Three years of signed federal income tax returns required for each borrower and all occupants 18-plus. City of Decatur named additional insured on title and hazard insurance. Applicant cannot owe the City any fines, fees, or taxes. Subordination permitted only once during the affordability period for a rate-and-term refinance (rate at least 1 percent lower; no cash-out). GAP: minimum credit score not stated. GAP: annual funding cap not stated. GAP: exact per-applicant amount not stated (need-based). GAP: required mortgage term not specified. GAP: the manual income table is labeled FY2024 while the 2025-2026 flyer publishes higher limits (4-person $73,300, used here).

يحدد HOME Buyer Down Payment Assistance Program دخل الأسرة بما لا يتجاوز 80% من الدخل الوسيط في المنطقة، وهو يختلف بحسب المقاطعة وحجم الأسرة. Household income at or below 80 percent of HUD area median income, by household size. FY2025-2026 limits: 1 $51,350; 2 $58,650; 3 $66,000; 4 $73,300; 5 $79,200; 6 $85,050; 7 $90,900; 8 $96,800. Income includes all adults 18-plus who will live in the home. ينطبق الحد على إجمالي دخل الأسرة، وليس على دخل المقترض وحده. تنشر HUD أرقام الدخل الوسيط في المنطقة وتحدّثها سنويًا، لذا راجع الجدول الحالي للمقاطعة قبل الاعتماد على أي رقم.

يضع HOME Buyer Down Payment Assistance Program حدًا أقصى لسعر الشراء قدره $120,000. تشمل أنواع العقارات المؤهلة Single Family. المنازل حديثة البناء غير مؤهلة. المنازل الجاهزة (المصنّعة) غير مؤهلة.

يخدم HOME Buyer Down Payment Assistance Program مشتري المنازل الذين يشترون في Decatur، Illinois.

تُقدَّم طلبات HOME Buyer Down Payment Assistance Program عبر City of Decatur, Economic and Community Development Department, Neighborhood Revitalization Division، التي تنشر الشروط الحالية وخطوات التقديم على موقعها. تُحجز الأموال عبر Funds are limited; not allocated or reserved until all required documentation is satisfied and an environmental review is completed. Hey Prescott ليست جهة إقراض ولا تقبل الطلبات؛ تصف هذه الصفحة البرنامج ليتمكن مشتري المنزل من عرضه على جهة إقراض أو مستشار إسكان.