City of Livonia Down Payment Assistance for First-Time Homebuyers

City of Livonia Down Payment Assistance for First-Time Homebuyers es un préstamo condonable para compradores de vivienda en Livonia, Michigan, a cargo de National Faith Homebuyers (on behalf of the City of Livonia). The City of Livonia's Down Payment Assistance program provides eligible first-time homebuyers up to $14,999 toward their down payment or approved closing costs to purchase a single-family home or condo within Livonia city limits. Assistance is structured as a forgivable second mortgage that is forgiven after the buyer occupies the home as their principal residence for five years. The program is administered by National Faith Homebuyers and is funded on a first-come, first-served basis. Households must earn at or below 80% of area median income and may not hold more than $20,000 in liquid assets. Up to $14,999 toward down payment or closing costs. Forgivable after 5 years of owner occupancy. 0% interest. No monthly payments. Los fondos provienen de Federal HOME/CDBG funds via the City of Livonia (Unconfirmed: exact federal source not specified on official page). Program-year DPA budget reported as $169,665 (National Faith DPA budget tracker, last updated 2026-05-20).

City of Livonia Down Payment Assistance for First-Time Homebuyers ofrece hasta $14,999 de ayuda. Aporte del comprador de vivienda: Not published on official program page (asset limit: buyer cannot hold more than $20,000 in liquid assets). Los montos son los máximos publicados por el programa, no una oferta: National Faith Homebuyers (on behalf of the City of Livonia) determina cualquier ayuda individual.

City of Livonia Down Payment Assistance for First-Time Homebuyers 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 Second mortgage is forgiven after 5 years of owner occupancy as principal residence; if the home ceases to be the principal residence before 5 years, repayment may be triggered (Unconfirmed: exact pro-rata vs. full repayment schedule not published on official page). La ayuda se registra con un gravamen en posición Second mortgage (subordinate). 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 Livonia Down Payment Assistance for First-Time Homebuyers 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: Cannot own or have an interest in any other real estate in the past 3 years at the time of purchase. Sobre el crédito, el programa indica: Not published on official program page. Se requiere un curso de educación para compradores de vivienda, a través de National Faith Homebuyers (or another National Faith-approved course). Requisito de residencia: Home must be within the City of Livonia city limits. Loan term: forgivable second mortgage forgiven after 5 years of owner occupancy. Buyer cannot hold more than $20,000 in liquid assets. Mortgage payment may not exceed 31% of gross monthly household income (general National Faith DPA rule).

City of Livonia Down Payment Assistance for First-Time Homebuyers limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income must be at or below 80% AMI. 2026 income limits by household size: 1 person $58,700; 2 person $67,100; 3 person $75,500; 4 person $83,850; 5 person $90,600; 6 person $97,300; 7 person $104,000; 8 person $110,700. El límite se aplica al ingreso total del hogar, no solo al del prestatario. El programa indica un tamaño máximo de hogar de 8. 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 Livonia Down Payment Assistance for First-Time Homebuyers limita el precio de compra a $219,000. Los tipos de propiedad elegibles incluyen single-family y condominium.

City of Livonia Down Payment Assistance for First-Time Homebuyers atiende a compradores de vivienda que compran en Livonia, Michigan.

Las solicitudes de City of Livonia Down Payment Assistance for First-Time Homebuyers se tramitan a través de National Faith Homebuyers (on behalf of the City of Livonia), 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; applicants check availability periodically and submit eligibility pre-screen through National Faith Homebuyers. 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.