Down Payment & Closing Cost Plus (DPCC+)

Down Payment & Closing Cost Plus (DPCC+) es un segundo préstamo diferido para compradores de vivienda en Buffalo, New York. The Down Payment & Closing Cost Plus (DPCC+) Program, administered by NeighborWorks Community Partners of Buffalo, provides up to $10,000 in down payment and closing cost assistance to income-qualified first-time buyers purchasing a 1-2 family primary residence in Erie or Niagara County. Funded with NeighborWorks America, Federal Home Loan Bank, and NYS HCR funds, the assistance is structured as a 0% interest deferred forgivable second-lien loan with pro-rata forgiveness over a 5-year affordability period. The program requires a minimum 620 FICO and completion of NW Buffalo's HUD-approved pre-purchase counseling. Up to $10,000 in down payment and closing cost assistance for income-qualified first-time buyers purchasing a primary residence in NeighborWorks Community Partners of Buffalo's service area (Erie and Niagara counties). Funded with NeighborWorks America, Federal Home Loan Bank, and NYS HCR funds. provided as a 0% interest deferred forgivable second-lien loan over a 5-year affordability period. Los fondos provienen de NeighborWorks, FHLB, NYS HCR, Federal y State.

Down Payment & Closing Cost Plus (DPCC+) 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 Pro-rata recapture of unforgiven balance if borrower sells, transfers, refinances with cash-out, rents, or vacates within 5 years. La ayuda se registra con un gravamen en posición 2. 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.

Down Payment & Closing Cost Plus (DPCC+) 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: First-time buyer required; standard HUD exceptions for displaced homemakers and single parents apply. Sobre el crédito, el programa indica: Minimum 620 FICO required by NW Buffalo underwriting. Se requiere un curso de educación para compradores de vivienda, a través de NeighborWorks Community Partners of Buffalo (HUD-approved); pre-purchase education and one-on-one counseling required. Requisito de residencia: Property must be located within Erie or Niagara County and used as borrower's principal residence. Ciudadanía o situación migratoria: U.S. citizen or eligible non-citizen per HUD HOME and first-mortgage rules. First-time buyer required (no homeownership in past 3 years). Property must be a 1-2 family home located within Erie or Niagara County and used as principal residence. Minimum credit score 620. Income generally at or below 80%-100% AMI for Buffalo-Cheektowaga MSA: 1-person ~$46,800 to 4-person ~$124,450 (HUD FY2025; tiered by program funding source). Buyer must complete NW Buffalo's HUD-approved homebuyer education and one-on-one counseling. Property must pass HQS inspection. 0% interest deferred forgivable second-lien loan with pro-rata forgiveness over 5 years; due in full if borrower sells, transfers, refinances with cash-out, rents, or vacates within 5 years.

Down Payment & Closing Cost Plus (DPCC+) limita el ingreso del hogar al 100% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income at or below 80%-100% HUD AMI for Buffalo-Cheektowaga MSA: 1-person ~$46,800 to 4-person ~$124,450 (HUD FY2025). 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.

Down Payment & Closing Cost Plus (DPCC+) limita el precio de compra así: Per HUD / NeighborWorks / FHLB program guidelines for Buffalo MSA. Los tipos de propiedad elegibles incluyen Single-family detached y 2-family owner-occupied. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Down Payment & Closing Cost Plus (DPCC+) atiende a compradores de vivienda que compran en Buffalo, New York.

Las solicitudes de Down Payment & Closing Cost Plus (DPCC+) se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Apply via NW Buffalo after pre-purchase counseling completed and purchase contract executed; first-come, first-served subject to fund availability. 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.