Develop Louisville Down Payment Assistance Program

Develop Louisville Down Payment Assistance Program es un préstamo condonable para compradores de vivienda en Louisville, Kentucky, a cargo de Louisville Metro Government, Office of Housing & Community Development (Develop Louisville). Develop Louisville's Office of Housing & Community Development offers down payment and closing cost assistance to low- and moderate-income homebuyers purchasing in Louisville/Jefferson County. Assistance is a partially forgivable 0% interest second mortgage of up to 20% of the purchase price, capped at $40,000, based on need. Buyers occupy as primary residence for a 5- or 10-year affordability period; 50% is forgiven by the end and the remainder is due interest-free only at sale. 0% interest forgivable second mortgage. Up to 20% of purchase price (max $40,000). 50% forgiven by end of affordability period. No prepayment penalty. Remaining balance interest-free, due only at sale. Available to repeat buyers who don't currently own. Los fondos provienen de Federal HOME Investment Partnerships Program (HUD).

Develop Louisville Down Payment Assistance Program ofrece hasta $40,000 de ayuda. Los montos son los máximos publicados por el programa, no una oferta: Louisville Metro Government, Office of Housing & Community Development (Develop Louisville) determina cualquier ayuda individual.

Develop Louisville Down Payment Assistance Program se perdona después de 10 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Remaining (unforgiven) principal is due upon sale; 50% forgiven by end of the 5- or 10-year affordability period. Loans <=$14,999: 5-year POA, 50% forgiven at year 5. Loans $15,000-$40,000: 10-year POA, 10% forgiven per year years 6-10. La ayuda se registra con un gravamen en posición Second mortgage. 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.

Develop Louisville Down Payment Assistance Program está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: No minimum credit score; credit report must show no unpaid collections/charge-offs and no undischarged bankruptcies. Up to $10,000 medical collections allowed. Se requiere un curso de educación para compradores de vivienda, a través de Minimum 6 hours of homeownership counseling from a HUD-certified agency (Apprisen, eHome America, REACH KY, HPI, Louisville Urban League). Requisito de residencia: Home must be purchased within Louisville/Jefferson County Metro area. Buyer must complete 6 hours of HUD-certified counseling, obtain lender pre-approval (no co-signers), make a minimum $500 contribution plus recording fee, and have at least $2,000 across bank accounts. Front-end target 25-30%; back-end max 43% (50% incl. student loans). Liquid assets $15,000+ must be partially contributed. Home must pass Metro + private inspection; not eligible if in a flood plain. First-come, first-served, subject to Case Review Board approval.

Develop Louisville 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 gross income at or below 80% of HUD area median, adjusted for family size. 2024: 1p $54,000; 2 $61,700; 3 $69,400; 4 $77,100; 5 $83,300; 6 $89,450; 7 $95,650; 8 $101,800. 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.

Develop Louisville Down Payment Assistance Program limita el precio de compra a $260,000. Los tipos de propiedad elegibles incluyen Single Family, Condo, Co-op, Modular y 2-4 Unit. La construcción nueva es elegible. Las viviendas prefabricadas son elegibles.

Develop Louisville Down Payment Assistance Program atiende a compradores de vivienda que compran en Louisville, Kentucky. El programa se dirige a áreas específicas: Encourages homeownership in Metro's Neighborhood Revitalization Strategy Area (Russell) and vacant/abandoned property reinvestment; can combine with the Louisville Affordable Housing Trust Fund REVERT program.

Las solicitudes de Develop Louisville Down Payment Assistance Program se tramitan a través de Louisville Metro Government, Office of Housing & Community Development (Develop Louisville), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. 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.