Town of Amherst First-Time Homebuyer Program (Down Payment/Closing Cost Assistance)

Town of Amherst First-Time Homebuyer Program (Down Payment/Closing Cost Assistance) es un préstamo condonable para compradores de vivienda en Amherst, New York, a cargo de Town of Amherst Planning Dept., Community Development Office (Amherst-Cheektowaga-Tonawanda HOME Consortium). The Town of Amherst, a member of the Amherst-Cheektowaga-Tonawanda HOME Consortium, offers deferred 0% interest loans of up to $50,000 to income-eligible first-time homebuyers for down payment and closing costs on a home in the Town of Amherst or Village of Williamsville. Assistance brings the buyer's front-end ratio to 35%; remaining funds cover closing costs. The down payment portion is forgiven after 15 years of owner-occupancy; the closing-cost portion is always repayable. HOME-funded and administered by the Town's Community Development Office. Up to $50,000 in 0% interest deferred assistance. DPA portion forgiven after 15 years. Can buy down points. No monthly payments. Los fondos provienen de Federal HOME Investment Partnerships Program via the Amherst-Cheektowaga-Tonawanda HOME Consortium.

Town of Amherst First-Time Homebuyer Program (Down Payment/Closing Cost Assistance) ofrece hasta $50,000 de ayuda. Aporte del comprador de vivienda: Homebuyer must contribute at least $1,000 toward the down payment. El programa se puede combinar con Supplementary low-down-payment mortgage products; SONYMA/FHA/USDA/VA first mortgages. Los montos son los máximos publicados por el programa, no una oferta: Town of Amherst Planning Dept., Community Development Office (Amherst-Cheektowaga-Tonawanda HOME Consortium) determina cualquier ayuda individual.

Town of Amherst First-Time Homebuyer Program (Down Payment/Closing Cost Assistance) se perdona después de 15 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por DPA portion forgiven after 15 years of continuous owner-occupancy; due in full on sale, title transfer, refinance, or ceasing owner-occupancy. Closing-cost portion is always repayable. La ayuda se registra con un gravamen en posición Subordinate (second lien securing the Consortium loan). 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.

Town of Amherst First-Time Homebuyer Program (Down Payment/Closing Cost Assistance) 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: false. Se requiere un curso de educación para compradores de vivienda, a través de Belmont Housing Resources for WNY, Inc. (free six-hour HUD-certified homebuyer workshop) - (716) 884-7791 x131. Requisito de residencia: Property in the Town of Amherst or Village of Williamsville; occupy as principal residence (>=9 months/year). LOAN TERM: deferred 0% forgivable loan up to $50,000 secured by a collateral (second) mortgage; DPA portion forgiven after 15 years of continuous principal-residence occupancy, closing-cost portion never forgiven; repayment on sale/transfer/refinance/additional debt requiring subordination/loss of owner-occupancy. STATUS: live Town site shows program 'closed for the time being due to funding limitations,' accepting waiting-list applications only, but maintains current FY2026 documentation (Fact Sheet, Guidelines, Income Guidelines eff. 6/1/2026; waitlist application 7/2025) - actively administered recurring program in a temporary funding lapse; re-verify open/closed intake at review. ELIGIBILITY: first-time buyer (no ownership prior 3 yrs); <=80% Erie County AMI; min $1,000 buyer contribution; front-end DTI <=35%, back-end <=45%; max price $265,000 single-family; outside 100/500-yr floodplain; Belmont Housing workshop required.

Town of Amherst First-Time Homebuyer Program (Down Payment/Closing Cost Assistance) limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. At or below 80% of Erie County AMI (FY2026, eff. 6/1/2026): 1=$56,850; 2=$65,000; 3=$73,100; 4=$81,200; 5=$87,700; 6=$94,200; 7=$100,700; 8=$107,200. Income of all members 16+ counted per 24 CFR 5.609. 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.

Town of Amherst First-Time Homebuyer Program (Down Payment/Closing Cost Assistance) limita el precio de compra a $265,000. Los tipos de propiedad elegibles incluyen Single Family, Condo y Townhouse. La construcción nueva no es elegible. Las viviendas prefabricadas no son elegibles.

Town of Amherst First-Time Homebuyer Program (Down Payment/Closing Cost Assistance) atiende a compradores de vivienda que compran en Amherst, New York.

Las solicitudes de Town of Amherst First-Time Homebuyer Program (Down Payment/Closing Cost Assistance) se tramitan a través de Town of Amherst Planning Dept., Community Development Office (Amherst-Cheektowaga-Tonawanda HOME Consortium), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Application-based through Town Community Development; waiting list when funds exhausted. Currently temporarily closed (funding limitations), accepting waiting-list applications only. 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.