Butler County Down Payment & Closing Cost Assistance Program

Butler County Down Payment & Closing Cost Assistance Program es un préstamo condonable para compradores de vivienda en Condado de Butler, Ohio, a cargo de Neighborhood Housing Services of Hamilton, Inc. (NHSH). The Butler County Down Payment & Closing Cost Assistance Program is administered by Neighborhood Housing Services of Hamilton, Inc. on behalf of the Butler County / City of Middletown HOME Consortium and provides eligible low-income homebuyers up to $7,500 (not to exceed 6% of the purchase price) toward down payment and eligible closing costs. The assistance is a 5-year non-amortizing forgivable loan secured by a subordinate mortgage held by Butler County, forgiven 20% per year. Properties must be located within the Butler County Entitlement/Consortium area, excluding the City of Hamilton, and households must be at or below 80% of area median income. Up to $7,500 in down payment and closing cost assistance. 5-year forgivable loan (20% forgiven per year). 0% interest, no monthly payments. Can cover 100% of reasonable closing costs. Can be applied toward FHA 3.5% down payment requirement. Los fondos provienen de HUD HOME Investment Partnerships Program (Butler County / City of Middletown HOME Consortium - Butler County Entitlement).

Butler County Down Payment & Closing Cost Assistance Program ofrece entre $1,000 y $7,500 de ayuda. Niveles de ayuda: Part of NHSH consortium program with separate caps for City of Hamilton, City of Middletown, and Butler County ($7,500 not to exceed 6% of purchase price). El programa pide a los compradores de vivienda aportar $500. El programa se puede combinar con FHA, Conventional, and VA first mortgages; can be applied toward FHA 3.5% down payment requirement. Los montos son los máximos publicados por el programa, no una oferta: Neighborhood Housing Services of Hamilton, Inc. (NHSH) determina cualquier ayuda individual.

Butler County Down Payment & Closing Cost Assistance Program 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 Sale, transfer, or failure to occupy as principal residence before end of 5-year term; remaining balance pro-rated and repaid (20% forgiven per year). La ayuda se registra con un gravamen en posición Subordinate (second) mortgage held by Butler County. 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.

Butler County Down Payment & Closing Cost Assistance Program está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: No published minimum credit score; all bankruptcies must be at least 2 years old from date of discharge. Se requiere un curso de educación para compradores de vivienda, a través de NHSH or any HUD-approved housing counseling agency; certificate valid 1 year. Requisito de residencia: Property must be located within the Butler County Entitlement and Consortium area, excluding the City of Hamilton. Minimum $500 borrower contribution (cannot be gifted); 8 hours of pre/post-purchase counseling and a HUD-approved Homebuyer Education certificate required prior to closing; DTI may not exceed 43%; bankruptcies discharged at least 2 years; first mortgage fixed-rate fully amortizing with escrows; no cash back; HQS inspection and lead clearance required.

Butler County Down Payment & Closing Cost Assistance Program limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Total household income at or below 80% of Butler County AMI per HUD HOME Program Income Limits (effective June 1, 2025). Income counted from all household members 18+ (excluding full-time students). 4-person 80% limit: $89,450. 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.

Butler County Down Payment & Closing Cost Assistance Program limita el precio de compra a $277,000. Los tipos de propiedad elegibles incluyen Condo y Single Family. La construcción nueva es elegible.

Butler County Down Payment & Closing Cost Assistance Program atiende a compradores de vivienda que compran en Condado de Butler, Ohio.

Las solicitudes de Butler County Down Payment & Closing Cost Assistance Program se tramitan a través de Neighborhood Housing Services of Hamilton, Inc. (NHSH), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de First-come, first-serve; application packet submitted by lender to NHSH preferably no less than 4 weeks before closing. 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.