City of Warren Direct Homebuyer Assistance Program (HOME)

City of Warren Direct Homebuyer Assistance Program (HOME) es un préstamo condonable para compradores de vivienda en Warren, Michigan, a cargo de City of Warren Community Development Department (CDBG Technical Committee oversight). The City of Warren uses federal HOME funds to provide $3,500 in direct homebuyer (down payment and closing-cost) assistance to low-, moderate- and middle-income households purchasing City-owned properties. The assistance is a forgivable second-mortgage loan, fully forgiven five years after closing if the buyer remains compliant. Buyers must use a 30-year fixed-rate mortgage and contribute at least $1,000 of their own funds. $3,500 forgivable loan covering half of the required down payment plus up to $2,500 in closing costs. Los fondos provienen de Federal HOME Investment Partnerships funds (City of Warren HOME revolving fund).

City of Warren Direct Homebuyer Assistance Program (HOME) ofrece hasta $3,500 de ayuda. Aporte del comprador de vivienda: Homebuyer must provide at least $1,000 of their own funds toward down payment and closing costs; home inspection and homeowner's insurance costs do not count toward the $1,000. Los montos son los máximos publicados por el programa, no una oferta: City of Warren Community Development Department (CDBG Technical Committee oversight) determina cualquier ayuda individual.

City of Warren Direct Homebuyer Assistance Program (HOME) 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 Due if, during the 5-year affordability period, the property is sold, ceases to be the principal residence, is not maintained in reasonable condition, property taxes go unpaid, payments on other property-secured loans are missed, or the property is not kept insured. 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.

City of Warren Direct Homebuyer Assistance Program (HOME) 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: Recipients must not currently own a home. Se requiere un curso de educación para compradores de vivienda, a través de Michigan State University Extension - Macomb Office (MSUE); all adult household members must attend 8 hours of homebuyer counseling, offered free. Requisito de residencia: Must purchase a City-owned property located in the City of Warren. Ciudadanía o situación migratoria: All household members must be U.S. citizens or non-citizens with eligible immigration status. Only fully amortizing, fixed-rate 30-year mortgages allowed (no interest-only, balloon, ARM, no-doc or stated-income loans); housing DTI ratio max 31% and total DTI max 45%; taxes and insurance must be escrowed; participating lenders must apply and be approved by the City's Community Development Technical Committee; closing-cost caps per Appendix A apply; income-limit table in published PDF is dated April 2018 (HUD updates annually);.

City of Warren Direct Homebuyer Assistance Program (HOME) limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Annual gross household income at or below 80% of area median income, adjusted for household size, as determined by HUD (income-limit schedule updated annually; published PDF reflects April 2018 HUD limits). 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 Warren Direct Homebuyer Assistance Program (HOME) se puede usar para Single Family. La construcción nueva es elegible.

City of Warren Direct Homebuyer Assistance Program (HOME) atiende a compradores de vivienda que compran en Warren, Michigan.

Las solicitudes de City of Warren Direct Homebuyer Assistance Program (HOME) se tramitan a través de City of Warren Community Development Department (CDBG Technical Committee oversight), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Expression of Interest form plus lender pre-approval submitted via listing agent; City Council must approve sale of the City-owned property by resolution. 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.