First Time Homebuyer Grant Program

First Time Homebuyer Grant Program es un préstamo condonable para compradores de vivienda en Condado de Multiple, New York. Community Housing Innovations (CHI) is a HUD-approved nonprofit housing counseling agency, founded in 1991, with offices in Westchester, Nassau, and Suffolk Counties. CHI awards approximately $1 million annually in down-payment-assistance and rehabilitation grants/forgivable loans to first-time homebuyers across its multi-county service area (Westchester, Rockland, Putnam, Nassau, Suffolk, and Hudson Valley). Grants typically range from $25,000-$35,000 (with smaller First Home Club savings-match grants up to $5,000 also available). Funds can be used toward down payment, closing costs, and (under the Hudson Valley Home Ownership and Revitalization track) acquisition + renovation. Buyers must complete CHI's free Grant Orientation, attend HUD-approved homebuyer education, and contribute at least 3% of the purchase price from their own funds. Loans are forgiven over a 10-year affordability period. Grants and forgivable loans of $25,000-$35,000 to qualified first-time homebuyers purchasing a one-family home, condominium, or cooperative for owner-occupancy in CHI's service area (Westchester, Rockland, Putnam, Nassau, Suffolk - and select Hudson Valley communities). Funds may be used for down payment, closing costs, and (under the Hudson Valley Home Ownership and Revitalization track) acquisition + renovation. Loans are forgiven over a 10-year affordability period if the buyer continues to occupy the property as primary residence. sales, transfers, or loss of owner-occupancy during the period trigger recapture. Los fondos provienen de HOME, State Housing Finance Agency, Federal y Private.

First Time Homebuyer Grant Program ofrece hasta $60,000 de ayuda. Aporte del comprador de vivienda: Minimum 3% of purchase price from buyer's own funds (proof of funds required at application). El programa se puede combinar con otras ayudas, sujeto a las reglas de cada una. Los montos son los máximos publicados por el programa, no una oferta: la agencia que administra el programa determina cualquier ayuda individual.

First Time Homebuyer Grant Program 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 Forgivable loan over 10-year affordability period y if recipient sells, transfers, refinances with cash-out, or ceases to occupy the home as primary residence during the 10-year period, the unforgiven balance is recaptured by CHI. 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.

First Time Homebuyer Grant Program 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: Must not have owned any residential real estate in the previous 3 years (per HUD HOME first-time homebuyer definition); displaced homemakers and single parents may qualify. Sobre el crédito, el programa indica: No published minimum FICO; underwriting follows the buyer's first-mortgage product through a CHI Participating Lender. Se requiere un curso de educación para compradores de vivienda, a través de Community Housing Innovations (CHI) - HUD-approved housing counseling agency; eHomeAmerica online + in-person 8-hour homebuyer education course; mandatory CHI Grant Orientation prior to grant application. Requisito de residencia: Property must be located within CHI's service area (Westchester, Rockland, Putnam, Nassau, Suffolk, and select Hudson Valley communities) and be the buyer's primary residence for the 10-year affordability period. Ciudadanía o situación migratoria: U.S. citizen or eligible non-citizen per HUD HOME rules and CHI Participating Lender underwriting. Buyer must be a first-time homebuyer (no ownership of residential real estate in previous 3 years), occupy the home as primary residence for the 10-year affordability period, and contribute at least 3% of the purchase price from their own funds. Household income limits are 80% HUD AMI for the property's MSA, ranging from approximately $65,604 (1-person, lower-AMI counties) up to $198,586 (large household, higher-AMI counties such as Nassau/Suffolk and Westchester). Buyer must complete CHI's free Grant Orientation, complete HUD-approved homebuyer education through eHomeAmerica or CHI in-person classes, and qualify for a mortgage through a CHI Participating Lender. Property must be a 1-family, condo, or co-op for owner-occupancy located within CHI's service area (Westchester, Rockland, Putnam, Nassau, Suffolk, and select Hudson Valley communities). Funds are subject to availability; approximately $1 million in down-payment-assistance and rehab grants are awarded annually.

First Time Homebuyer Grant Program limita el ingreso del hogar al 60% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income must be at or below 80% HUD Area Median Income for the property's MSA. Limits vary by county and household size, ranging from approximately $65,604 (1-person, lower-AMI counties) up to $198,586 (8-person household in higher-AMI counties such as Nassau-Suffolk or Westchester). Current limits published by HUD annually. 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.

First Time Homebuyer Grant Program limita el precio de compra así: Maximum purchase price determined per individual program track and HUD HOME 95%-of-median rule for the property's county; varies by program (Westchester, Hudson Valley, or Long Island). Los tipos de propiedad elegibles incluyen Single-family detached, Condominium y Cooperative. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

First Time Homebuyer Grant Program atiende a compradores de vivienda que compran en Condado de Multiple, New York.

Las solicitudes de First Time Homebuyer Grant Program 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 Rolling intake; first-come, first-served subject to annual funding availability. Applicant must attend a Grant Orientation, complete the intake application (2025 Grant Application form), and submit documentation through CHI before being placed under contract. 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.