LiveYpsi Homebuyer Assistance Program

LiveYpsi Homebuyer Assistance Program es un préstamo condonable para compradores de vivienda en Ypsilanti, Michigan, a cargo de Eastern Michigan University (Office of the President). LiveYpsi is an employer-assisted homebuyer program that provides eligible Eastern Michigan University (EMU) and EMU Foundation employees with a forgivable loan of $5,000 or $10,000 (depending on property location) to assist with the purchase of a primary residence in the City of Ypsilanti or designated areas of Ypsilanti Township. The loan is forgiven 20% per year over five years as long as the participant remains an eligible employee, occupies the home as their primary residence, and pays property taxes. Created in 2012 to stabilize neighborhoods around EMU's main campus, the program is funded by EMU and Washtenaw County. Eligible expenses include down payment, moving expenses, and home renovations. Forgivable loan of $5,000 or $10,000. 20% forgiven per year over 5 years. Usable for down payment, moving expenses, and renovations. Accrued interest also forgiven at year 5. Los fondos provienen de Eastern Michigan University and Washtenaw County (seed funding originally provided by the DTE Foundation); subject to availability of funds.

LiveYpsi Homebuyer Assistance Program ofrece entre $5,000 y $10,000 de ayuda, según el nivel de ayuda en el que califique el comprador de vivienda. Niveles de ayuda: Two amount tiers based on property location: $5,000 or $10,000 (see LiveYpsi map). Aporte del comprador de vivienda: Not published. Los montos son los máximos publicados por el programa, no una oferta: Eastern Michigan University (Office of the President) determina cualquier ayuda individual.

LiveYpsi Homebuyer 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 20% of the loan is forgiven for each year the participant remains an eligible EMU/EMU Foundation employee, occupies the home as primary residence, and timely pays property taxes; failure to meet these terms before year 5 triggers repayment of the unforgiven balance plus accrued interest. 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.

LiveYpsi Homebuyer Assistance Program está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: Not published on official program page. Requisito de residencia: Property must be the participant's primary residence located within the City of Ypsilanti or specific designated areas of Ypsilanti Township (per LiveYpsi map). Loan term: 5-year forgivable loan, 20% forgiven annually, contingent on continued eligible EMU/EMU Foundation employment (appointment of 50% or more), owner occupancy, and timely property tax payment. EMPLOYER-RESTRICTED: open only to regular employees of EMU and the EMU Foundation. Eligible uses include down payment, moving expenses, and home renovations.

LiveYpsi Homebuyer Assistance Program fija su límite de ingresos así: No income limit published; eligibility is based on being a regular EMU or EMU Foundation employee with an appointment of 50% or more, not on household income. 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.

LiveYpsi Homebuyer Assistance Program limita el precio de compra así: Not published.

LiveYpsi Homebuyer Assistance Program atiende a compradores de vivienda que compran en Ypsilanti, Michigan.

Las solicitudes de LiveYpsi Homebuyer Assistance Program se tramitan a través de Eastern Michigan University (Office of the President), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Application submitted to EMU (administered through the Office of the President); subject to availability of funds. 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.