City of Erie HOME Investment Partnerships Program - Homebuyer Down Payment & Closing Cost Assistance

City of Erie HOME Investment Partnerships Program - Homebuyer Down Payment & Closing Cost Assistance es un préstamo condonable para compradores de vivienda en Erie, Pennsylvania, a cargo de City of Erie Department of Economic & Community Development (DECD). The City of Erie's HOME Investment Partnerships Program (DECD) provides first-time homebuyers with down payment and/or closing cost assistance (and optional rehab to code) as a HUD-funded forgivable loan of up to $24,999, secured by a recorded second mortgage. The loan is forgiven pro-rata over a 5- or 10-year affordability period (based on amount) so long as the buyer occupies the home and keeps it free of code violations. Up to $24,999 in DPA and/or closing cost assistance. 0% interest, no monthly payment. Forgiven over a 5- or 10-year affordability period. Optional rehab to code and lead-hazard control. Los fondos provienen de Federal HUD HOME Investment Partnerships Program funds (City of Erie DECD).

City of Erie HOME Investment Partnerships Program - Homebuyer Down Payment & Closing Cost Assistance ofrece hasta $24,999 de ayuda. El programa pide a los compradores de vivienda aportar $1,000 or $1,500 of buyer's own money required (depending on household income); must appear on the Closing Disclosure. Los montos son los máximos publicados por el programa, no una oferta: City of Erie Department of Economic & Community Development (DECD) determina cualquier ayuda individual.

City of Erie HOME Investment Partnerships Program - Homebuyer Down Payment & Closing Cost Assistance es un préstamo condonable, así que el saldo se perdona una vez que se cumplen las condiciones del programa. El reembolso se activa por Sale, transfer, refinance without DECD approval, ceasing owner-occupancy, default on the first mortgage, or failure to follow HOME rules during the affordability period. Pro-rata forgiveness (1/5 per year for 5-year; 1/10 per year for 10-year term). La ayuda se registra con un gravamen en posición Second (HOME Program Mortgage recorded behind the primary lender). 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.

City of Erie HOME Investment Partnerships Program - Homebuyer 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: Displaced homemaker or single parent qualifies even if they previously owned; otherwise no home owned in the last 3 years. Sobre el crédito, el programa indica: 620 and above (580 with exceptions). Se requiere un curso de educación para compradores de vivienda, a través de HUD-approved housing counseling agency; minimum 8 hours pre-purchase counseling. St. Martin Center (814-452-6113), Advantage Counseling Services (1-866-699-2227), GECAC (814-459-4581). Ciudadanía o situación migratoria: Must be a U.S. citizen or permanent resident alien. First-time buyer (no ownership in last 3 years; displaced homemaker/single parent exception). Buyer contributes $1,000-$1,500. Minimum 8-hour HUD-approved counseling and an independent inspection required before closing. Fixed-rate fully amortized first mortgage only. Funding first-come, first-served.

City of Erie HOME Investment Partnerships Program - Homebuyer 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. Must not exceed 80% AMI (HUD). Limits eff. June 1, 2025: 1 $47,250; 2 $54,000; 3 $60,750; 4 $67,500; 5 $72,900; 6 $78,300; 7 $83,700; 8 $89,100. 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.

City of Erie HOME Investment Partnerships Program - Homebuyer Down Payment & Closing Cost Assistance se puede usar para Single Family. Las viviendas prefabricadas no son elegibles.

City of Erie HOME Investment Partnerships Program - Homebuyer Down Payment & Closing Cost Assistance atiende a compradores de vivienda que compran en Erie, Pennsylvania.

Las solicitudes de City of Erie HOME Investment Partnerships Program - Homebuyer Down Payment & Closing Cost Assistance se tramitan a través de City of Erie Department of Economic & Community Development (DECD), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. 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.