Town of Southampton Community Housing Fund Down Payment Assistance Program for First-Time Homebuyers

Town of Southampton Community Housing Fund Down Payment Assistance Program for First-Time Homebuyers es un segundo préstamo diferido para compradores de vivienda en Southampton, New York, a cargo de Town of Southampton Department of Housing and Community Development. The Town of Southampton Community Housing Fund (CHF) offers first-time homebuyers a no-interest, deferred-payment loan of up to 3% of a home's purchase price toward the down payment for a primary residence in the Town of Southampton. The loan is repaid when the home is sold, transferred, refinanced or rented; recipients must occupy the home as their primary residence and recertify annually. This program does not fund closing costs. No-interest deferred loan up to 3% of purchase price toward down payment. Los fondos provienen de Town of Southampton Community Housing Fund (0.5% real estate transfer tax).

Town of Southampton Community Housing Fund Down Payment Assistance Program for First-Time Homebuyers ofrece una ayuda equivalente al 3% del precio de compra, según lo fija el programa. Aporte del comprador de vivienda: Applicant must have a minimum of 2% of projected purchase price in the bank at application; liquid assets cannot exceed the purchase price. 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: Town of Southampton Department of Housing and Community Development determina cualquier ayuda individual.

Town of Southampton Community Housing Fund Down Payment Assistance Program for First-Time Homebuyers es diferido, así que no hay pagos hasta que la vivienda se venda o se refinancie, o se termine de pagar la primera hipoteca. El reembolso se activa por Repaid when home is sold, transferred, refinanced or rented out. La ayuda se registra con un gravamen en posición subordinate. 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 Southampton Community Housing Fund Down Payment Assistance Program for First-Time Homebuyers 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 = not owned a primary residence (and spouse not owned) in the 3-year period prior to purchase, and does not own a vacation/investment home (Town Code 140-40). Se requiere un curso de educación para compradores de vivienda, a través de Community Development Corporation of Long Island (CDLI) - one-on-one mortgage counseling. Requisito de residencia: Home must be located within the Town of Southampton. Mortgages must be fixed-rate from FNMA/FMAC lenders; no ARMs, interest-only, no-doc, 80/20, 100% financing, short sales, foreclosures, or bank-owned properties; no non-occupying co-borrowers. Underwriting ratios apply (housing DTI, total DTI, LTV).

Town of Southampton Community Housing Fund Down Payment Assistance Program for First-Time Homebuyers fija su límite de ingresos así: Max gross annual household income: $184,680 for 1-2 persons; $215,460 for 3+ persons (100% of SONYMA non-target income limits for Suffolk County). 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.

Town of Southampton Community Housing Fund Down Payment Assistance Program for First-Time Homebuyers limita el precio de compra a $1.7M. Los tipos de propiedad elegibles incluyen single_family, two_family, condo y townhome. La construcción nueva es elegible.

Town of Southampton Community Housing Fund Down Payment Assistance Program for First-Time Homebuyers atiende a compradores de vivienda que compran en Southampton, New York.

Las solicitudes de Town of Southampton Community Housing Fund Down Payment Assistance Program for First-Time Homebuyers se tramitan a través de Town of Southampton Department of Housing and Community Development, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Purchaser Certificate; 180 days to submit executed contract of sale, then 90 days to close; one-time extension at Town discretion; first-come, first-served waiting list. 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.