City of Savannah Employee Home Purchase Assistance

City of Savannah Employee Home Purchase Assistance es un préstamo condonable para compradores de vivienda en Savannah, Georgia. The City of Savannah Employee Home Purchase Assistance Program is a 0% interest, 5-year forgivable second-lien loan of up to $15,000 administered by the City of Savannah Housing & Neighborhood Services Department for the purpose of helping qualified City of Savannah employees (below the level of department head, in good standing) purchase their first home within the city limits. The forgiven amount is reported as W-2 income to the employee. The loan can be combined with DreamMaker DPA funds if the buyer is also DreamMaker-eligible. Property must pass private inspection and a City Construction Specialist inspection prior to commitment letter. Pre-1978 homes cannot have defective paint. Up to $15,000, 0% interest, forgivable loan toward down payment and closing costs. Loan is forgiven and not repaid if the buyer continues to work for the City of Savannah and continues to be the owner-occupant of the house for 5 years from the date of the loan. The forgiven amount is reported as income on the employee's annual W-2. Los fondos provienen de City of Savannah General Fund (employer-paid benefit) administered through HOME/CDBG framework.

City of Savannah Employee Home Purchase Assistance ofrece hasta $15,000 de ayuda. Aporte del comprador de vivienda: No published minimum buyer contribution; combination with DreamMaker may impose $1,000. El programa se puede combinar con otras ayudas, sujeto a las reglas de cada una. Los montos son los máximos publicados por el programa, no una oferta: la agencia que administra el programa determina cualquier ayuda individual.

City of Savannah Employee Home Purchase Assistance se perdona después de 5 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Within the 5-year affordability period: cessation of City employment, sale or transfer of title, refinance with cash-out, or failure to occupy as primary residence triggers repayment of the unforgiven balance. Loan is fully forgiven on the 5th anniversary if the buyer remains a City employee and the owner-occupant. La ayuda se registra con un gravamen en posición 2. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

City of Savannah Employee Home Purchase Assistance está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: First-time homebuyer required (consistent with DreamMaker family of programs); applicant must not own other residential property. Sobre el crédito, el programa indica: 640+ FICO required (per program tracking). Se requiere un curso de educación para compradores de vivienda, a través de Homeownership/homebuyer education course required (City of Savannah HUD-approved counseling agency network). Requisito de residencia: Property must be located within City of Savannah city limits. Restricted to employees of the City of Savannah who are below the level of department head. Employee must be in good standing and without recent disciplinary actions at time of purchase. Property must be located within the City of Savannah city limits and cannot be occupied at time of application unless occupant is buyer or seller. Pre-1978 homes cannot have defective paint at inspection. Private inspection required; City of Savannah Construction Specialist inspection required prior to issuance of funding commitment letter; required repairs must be completed by seller and confirmed by City staff before commitment letter issued. Forgiven amount is reported as income on annual W-2. Assistance can be used in combination with DreamMaker assistance if buyer is also DreamMaker-eligible. Buyer must qualify for first-mortgage financing on competitive terms. RESTRICTED EMPLOYER: only City of Savannah employees may apply.

City of Savannah Employee Home Purchase Assistance fija su límite de ingresos así: No published household income limit; eligibility is restricted to City of Savannah employees below department head level. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

City of Savannah Employee Home Purchase Assistance limita el precio de compra así: No published maximum purchase price; property must be located within City of Savannah limits and meet program standards. Los tipos de propiedad elegibles incluyen New and existing single-family houses in good condition that comply with program requirements y property must be located within Savannah city limits. La construcción nueva es elegible.

City of Savannah Employee Home Purchase Assistance atiende a compradores de vivienda que compran en Savannah, Georgia.

Las solicitudes de City of Savannah Employee Home Purchase Assistance se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Employee contacts HNSD at (912) 651-6926 or employeedownpayment@savannahga.gov to schedule appointment, then completes application with HNSD before contracting; ongoing year-round subject to fund availability. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.