Community Partners for Affordable Housing (CPAH) Lake County Down Payment Assistance Program

Community Partners for Affordable Housing (CPAH) Lake County Down Payment Assistance Program es un préstamo condonable para compradores de vivienda en Lake County (all municipalities), Illinois, a cargo de Community Partners for Affordable Housing (CPAH). Community Partners for Affordable Housing (CPAH) offers eligible Lake County first-time homebuyers up to $13,999 toward down payment, closing costs, or interest rate buydown in the form of a 0% interest forgivable loan. The loan is forgiven at 1/60th per month, fully extinguishing after 5 years of owner-occupancy. Buyers must not exceed 80% AMI, must purchase a 1-unit single-family home valued up to $304,950, contribute at least $1,000 or 1% down, and complete CPAH's in-person homebuyer education and individual counseling. Up to $13,999 in down payment/closing cost/rate buydown assistance. 0% interest, no monthly payment. 5-year prorated forgiveness. Covers all Lake County municipalities. CPAH education and counseling included.

Community Partners for Affordable Housing (CPAH) Lake County Down Payment Assistance Program ofrece hasta $13,999 de ayuda. Aporte del comprador de vivienda: Buyer must contribute $1,000 or 1% of purchase price, whichever is greater. Los montos son los máximos publicados por el programa, no una oferta: Community Partners for Affordable Housing (CPAH) determina cualquier ayuda individual.

Community Partners for Affordable Housing (CPAH) Lake County Down Payment Assistance Program 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 Sale, transfer of title, or cessation of primary residence within 5 years; forgiven 1/60th per month. La ayuda se registra con un gravamen en posición second. 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.

Community Partners for Affordable Housing (CPAH) Lake County Down Payment Assistance Program 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: Displaced homemakers and single parents who previously only owned a home with a former spouse are eligible. Sobre el crédito, el programa indica: Must qualify with a CPAH participating lender; no published minimum score. Se requiere un curso de educación para compradores de vivienda, a través de CPAH in-person homebuyer education class and individual counseling required. Requisito de residencia: Property must be located in Lake County, Illinois. Must use a CPAH participating lender. Full DAP Buyer Guidelines available at program URL (English and Spanish). Must not own other residential real estate. Home inspection required.

Community Partners for Affordable Housing (CPAH) Lake County Down Payment Assistance Program limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income cannot exceed 80% of Chicago-Naperville-Joliet HUD Metro Area AMI, adjusted for household size. 2024 4-person 80% AMI = $89,700 (Chicago MSA). El límite se aplica al ingreso total del hogar, no solo al del prestatario. 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.

Community Partners for Affordable Housing (CPAH) Lake County Down Payment Assistance Program limita el precio de compra a $304,950. Los tipos de propiedad elegibles incluyen Single Family. Las viviendas prefabricadas no son elegibles.

Community Partners for Affordable Housing (CPAH) Lake County Down Payment Assistance Program atiende a compradores de vivienda que compran en Lake County (all municipalities), Illinois.

Las solicitudes de Community Partners for Affordable Housing (CPAH) Lake County Down Payment Assistance Program se tramitan a través de Community Partners for Affordable Housing (CPAH), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de First-come, first-served; contact CPAH to begin intake. 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.