BCNI Homebuyer Assistance Program (Downpayment Assistance)

BCNI Homebuyer Assistance Program (Downpayment Assistance) es un préstamo condonable para compradores de vivienda en Schenectady, New York, a cargo de Better Community Neighborhoods, Inc. (BCNI). BCNI's Homebuyer Assistance Program helps low-income, first-time homebuyers in the City of Schenectady (and Montgomery County) purchase their first home by providing downpayment and closing cost assistance for up to 10% of the purchase price, with an average grant of about $9,000 depending on the buyer's needs and the home's location. BCNI serves as the Local Program Administrator on behalf of the City of Schenectady and NYS Homes and Community Renewal. Assistance is structured as a forgivable, interest-free grant over a five-year period of affordability; if the buyer sells, moves, or stops occupying the home during that period, a pro-rated portion must be repaid with no interest. Up to 10% of purchase price toward downpayment and closing costs. Average grant ~$9,000. Interest-free (0%). Forgivable over a 5-year affordability period. No repayment if owner-occupancy maintained for 5 years. HUD-certified pre-purchase counseling and referrals. Los fondos provienen de Federal and State funds awarded to BCNI on behalf of the City of Schenectady and NYS Homes and Community Renewal (HCR) (e.g., HOME/CDBG and state housing program funds).

BCNI Homebuyer Assistance Program (Downpayment Assistance) ofrece una ayuda equivalente al 10% del precio de compra, según lo fija el programa. El programa se puede combinar con May be combined with referrals to other assistance such as the FHLBNY Homebuyer Dream Program (HDP), SONYMA mortgages, and the NYSAR Housing Opportunities Foundation grant during pre-purchase counseling. Los montos son los máximos publicados por el programa, no una oferta: Better Community Neighborhoods, Inc. (BCNI) determina cualquier ayuda individual.

BCNI Homebuyer Assistance Program (Downpayment Assistance) 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 If the buyer moves, sells the property, or fails to occupy the property as their primary residence during the five-year period of affordability, a pro-rated portion of the grant must be repaid with no 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.

BCNI Homebuyer Assistance Program (Downpayment Assistance) está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Comprador de vivienda por primera vez” suele significar no haber sido dueño de una vivienda en los últimos tres años, pero el programa fija su propia definición. Se requiere un curso de educación para compradores de vivienda, a través de BCNI (HUD-certified housing counseling agency) pre-purchase counseling, or pre-purchase counseling completed at another HUD-Certified Housing Counseling Agency with verification. Must be a first-time homebuyer with household income at or below 80% AMI (HUD income limits). Property must be in the City of Schenectady or Montgomery County, in standard condition, and pass a Certificate of Occupancy inspection, visual lead assessment, and home and asbestos inspection. Buyer must complete pre-purchase counseling through BCNI or another HUD-certified agency. The City of Schenectady also references a separate 'Second Mortgage Program' but that program is not fully detailed on a current official City page; BCNI's program is the actively administered, fully-documented City of Schenectady DPA.

BCNI Homebuyer Assistance Program (Downpayment Assistance) 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% of Area Median Income (HUD income limits apply). 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.

BCNI Homebuyer Assistance Program (Downpayment Assistance) se puede usar para Single Family y 2-4 Unit.

BCNI Homebuyer Assistance Program (Downpayment Assistance) atiende a compradores de vivienda que compran en Schenectady, New York.

Las solicitudes de BCNI Homebuyer Assistance Program (Downpayment Assistance) se tramitan a través de Better Community Neighborhoods, Inc. (BCNI), 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.