REACH HOME Program

REACH HOME Program هو قرض قابل للإعفاء لمشتري المنازل في Lexington، Kentucky. REACH, Inc. is a HUD-approved housing counseling agency / 501(c)(3) headquartered in Lexington's Red Mile area. The REACH HOME Program is the agency's flagship DPA - a HUD HOME-funded forgivable second mortgage of up to $20,000 (1-person), $25,000 (2-person), or $30,000 (3+ person) for first-time homebuyers who reside in any of six Bluegrass counties (Bourbon, Clark, Fayette, Jessamine, Scott, Woodford) and are purchasing a primary residence in Fayette County. 80% AMI ceiling; HOME affordability period (10 years for $15K-$40K range). Pre-purchase homebuyer education provided in-house. The REACH HOME Program provides a forgivable second-mortgage loan to assist eligible Bluegrass-region first-time homebuyers with the down payment and closing costs needed to purchase a home in Fayette County (Lexington). The amount of assistance is sized to the actual amount needed to close the gap, capped by household size: up to $20,000 for a 1-person household, up to $25,000 for a 2-person household, and up to $30,000 for a 3-or-more-person household. Funded with federal HUD HOME pass-through dollars from LFUCG (Lexington-Fayette Urban County Government). The loan carries 0% interest, requires no monthly payments, and is forgiven over the HUD HOME affordability period (10 years for assistance amounts in the $15,000-$40,000 range per 24 CFR 92.254). REACH is a HUD-approved housing counseling agency and provides the required pre-purchase homebuyer education in-house. يأتي التمويل من Federal، HOME وCity.

يُعفى من REACH HOME Program بعد 10 سنوات، لذا فإن مشتري المنزل الذي يبقى طوال هذه المدة لا يسدده. يُستحق السداد عند Forgiven over the HUD HOME affordability period (10 years for $15,000-$40,000 assistance per 24 CFR 92.254). If property is sold, transferred, refinanced (cash-out), or vacated before the period ends, recapture per HUD HOME rules. تُسجَّل المساعدة في مرتبة الرهن: 2nd Lien. يحدد البرنامج شروط الإعفاء والسداد وقد تتغير؛ تحقّق منها في الصفحة الرسمية للبرنامج قبل التقديم.

REACH HOME Program مفتوح أمام مشتري المنازل لأول مرة ومشتري المنازل الذين سيسكنون المنزل كمسكن رئيسي. لعبارة "لأول مرة" استثناءات هنا: Standard HUD HOME exceptions to the 3-year FTHB rule apply: displaced homemakers, single parents who only owned a home with an ex-spouse, and prior owners of manufactured homes without permanent foundations. بشأن الائتمان، ينص البرنامج على: No published REACH-imposed minimum FICO; participating first-mortgage lender overlays apply (typically 620-640). يلزم إكمال دورة لمشتري المنازل، عبر REACH, Inc. - HUD-approved housing counseling agency. REACH provides the required pre-purchase homebuyer education in-house and via eHome America online (www.ehomeamerica.org/reachky). Certificate of completion required before closing. شرط الإقامة: Buyer must be a resident of Bourbon, Clark, Fayette, Jessamine, Scott, or Woodford County for at least one year prior to home purchase. Purchased home must be located in Fayette County (Lexington) and must be borrower's primary residence. الجنسية أو وضع الهجرة: Per HUD HOME federal eligibility - U.S. citizen or qualifying non-citizen. Eligible client must be a resident of one of six Bluegrass counties for at least one year prior to home purchase: Bourbon, Clark, Fayette, Jessamine, Scott, or Woodford. The home being purchased must be located in Fayette County (Lexington). First-time homebuyer required (HUD HOME standard - no homeownership in past 3 years; standard HOME exceptions for displaced homemakers and single parents apply). Household income at or below 80% AMI for the Lexington-Fayette MSA per HUD HOME limits. Must complete REACH's required homebuyer education program. Property must be owner-occupied as primary residence and meet HUD HOME property standards (HQS / NSPIRE). Pre-1978 housing subject to lead-based paint clearance under HUD Lead Safe Housing Rule. Funding is subject to availability under LFUCG's annual HUD HOME allocation; applications may be paused when funding is exhausted (e.g., LFUCG First-Time Homebuyer page noted funds exhausted as of May 2025, with future open application periods).

يحدد REACH HOME Program دخل الأسرة بما لا يتجاوز 80% من الدخل الوسيط في المنطقة، وهو يختلف بحسب المقاطعة وحجم الأسرة. Household income at or below 80% AMI for Lexington-Fayette MSA per HUD HOME limits (varies by household size). Verify current year limits with REACH or LFUCG Housing Advocacy & Community Development. 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 REACH HOME Program حدًا لسعر الشراء على النحو التالي: Subject to LFUCG / HUD HOME 95%-of-area-median purchase-price limit for the Lexington-Fayette MSA (verify current limit with REACH); first-mortgage product loan limits also apply. تشمل أنواع العقارات المؤهلة Single-family detached, condominium, townhouse, half of duplex (one side owner-occupied), manufactured home on permanent foundation, and new construction - all per HUD HOME property type rules. المنازل حديثة البناء مؤهلة. المنازل الجاهزة (المصنّعة) مؤهلة.

يذكر REACH HOME Program المحاربين القدامى، أفراد الخدمة العسكرية العاملين، جنود الاحتياط وأفراد الحرس الوطني والأزواج والزوجات الباقين على قيد الحياة ضمن الفئات التي يخدمها. ذِكر فئة هنا يعني أن البرنامج يذكرها، لا أن الانتماء إليها وحده يجعل المتقدم مستوفيًا للشروط؛ إذ تظل بقية قواعد الأهلية سارية.

يخدم REACH HOME Program مشتري المنازل الذين يشترون في Lexington، Kentucky.

تُقدَّم طلبات REACH HOME Program عبر الجهة المسؤولة عن إدارة البرنامج، التي تنشر الشروط الحالية وخطوات التقديم على موقعها. تُحجز الأموال عبر Eligible buyers contact REACH at 859-455-8057 to enroll in homebuyer education and apply for HOME funds. Subject to availability under LFUCG's annual HUD HOME allocation (funding has been exhausted in past program years - check current status). Hey Prescott ليست جهة إقراض ولا تقبل الطلبات؛ تصف هذه الصفحة البرنامج ليتمكن مشتري المنزل من عرضه على جهة إقراض أو مستشار إسكان.