American Dream First Time Homebuyer Program (Bergen County)

American Dream First Time Homebuyer Program (Bergen County) es un segundo préstamo diferido para compradores de vivienda en Condado de Bergen, New Jersey, a cargo de Bergen County Division of Community Development. Administered by the Bergen County Division of Community Development, this program provides interest-free, deferred-payback second mortgage financing plus matching down payment assistance to eligible first-time homebuyers (or those who have not owned a home in the past three years) buying a one-family house or condominium in Bergen County, NJ. It combines a 0% deferred second mortgage of up to $65,000 in HOME funds (repaid on sale, transfer of title, or loss of primary residence) with up to $10,000 of CDBG matching assistance forgiven 1/10th per year over 10 years. 0% interest deferred second mortgage up to $65,000 (HOME funds). Up to $10,000 CDBG match forgiven 1/10th per year over 10 years (grant after 10 years). Partnership with participating banks for the first mortgage. Homebuyer education/counseling. Los fondos provienen de HUD HOME Investment Partnerships Program (second mortgage) and CDBG (down payment match).

American Dream First Time Homebuyer Program (Bergen County) ofrece hasta $75,000 de ayuda. Niveles de ayuda: Second mortgage (HOME): 0% deferred up to $65,000, repaid on sale/transfer/loss of primary residence. Down payment match (CDBG): up to $10,000 forgivable 1/10th per year over 10 years, grant after 10 years. Aporte del comprador de vivienda: Applicant provides part of the down payment (program matches up to $10,000) and must cover all closing costs. Los montos son los máximos publicados por el programa, no una oferta: Bergen County Division of Community Development determina cualquier ayuda individual.

American Dream First Time Homebuyer Program (Bergen County) 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 Sale of home, transfer of title, or when the home is no longer the primary residence (applies to the $65,000 HOME second mortgage; the $10,000 CDBG match is forgiven over 10 years). La ayuda se registra con un gravamen en posición Second and third lien (HOME second + CDBG match behind bank first 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.

American Dream First Time Homebuyer Program (Bergen County) 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: Eligible if not owned a home in the past three years. Sobre el crédito, el programa indica: Credit-worthy track record required; bankruptcy must be discharged 5 years with re-established credit. Se requiere un curso de educación para compradores de vivienda, a través de Fair Housing Council of Northern New Jersey; Greater Bergen Community Action. Eight-hour Homebuyer Certification class given through the program. Requisito de residencia: Must reside or work full-time in Bergen County. Two components: (1) 0% deferred second mortgage up to $65,000 (HOME), repaid in full on sale, transfer of title, or loss of primary residence (no fixed term); (2) up to $10,000 CDBG match (third mortgage) forgiven 1/10th per year over 10 years, a grant after 10 years. Must reside or work full-time in Bergen County. Bankruptcy must be discharged 5 years with re-established credit. All reasonable assets applied to down payment (may retain 3 months of mortgage payment reserves). Applicant pays all closing costs and must have own down payment funds. Eight-hour Homebuyer Certification class required. 2024 brochure shows $55,000 second mortgage; current webpage/PowerPoint show $65,000 (used the current figure).

American Dream First Time Homebuyer Program (Bergen County) limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income at or below 80% of the County median per HUD HOME income guidelines; income from all household members over 18 counted. 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.

American Dream First Time Homebuyer Program (Bergen County) limita el precio de compra a $523,000. Los tipos de propiedad elegibles incluyen Single Family y Condo.

American Dream First Time Homebuyer Program (Bergen County) atiende a compradores de vivienda que compran en Condado de Bergen, New Jersey.

Las solicitudes de American Dream First Time Homebuyer Program (Bergen County) se tramitan a través de Bergen County Division of Community Development, 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.