The Growing Homeowners Initiative

The Growing Homeowners Initiative es un segundo préstamo diferido para compradores de vivienda en Condado de Luzerne, Pennsylvania. The Growing Homeowners Initiative is Luzerne County's down-payment and closing-cost assistance program for first-time homebuyers, administered by the Luzerne County Office of Community Development. The program provides up to $7,500 as a 0% interest deferred / forgivable second mortgage and is funded through HUD HOME and CDBG pass-through dollars. Assistance is forgiven pro-rata over a 5-year affordability period as long as the buyer occupies the property as their primary residence. Up to $7,500 in down-payment and closing-cost assistance as a 0% interest deferred / forgivable second mortgage for first-time homebuyers purchasing a primary residence in Luzerne County. Funds are HUD HOME / CDBG pass-through dollars administered through the Luzerne County Office of Community Development. Los fondos provienen de HOME, CDBG, Federal y Local Government.

The Growing Homeowners Initiative 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 Forgiven pro-rata over a 5-year affordability period y balance due if buyer sells, refinances with cash-out, transfers title, or ceases primary-residence status during the affordability period. 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.

The Growing Homeowners Initiative 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 homebuyer (no ownership of principal residence in prior 3 years). Sobre el crédito, el programa indica: Underwriting follows first-mortgage product; no published OCD credit floor. Se requiere un curso de educación para compradores de vivienda, a través de HUD-approved housing counseling agencies (commonly Neighborworks Northeastern PA); pre-purchase 8-hour education certificate required. Requisito de residencia: Property must be located within Luzerne County, PA and be the buyer's primary residence for the 5-year affordability period. Ciudadanía o situación migratoria: U.S. citizen or eligible non-citizen permitted by HUD HOME / CDBG rules. Buyer must be a first-time homebuyer (no ownership of principal residence in the prior 3 years). Property must be located in Luzerne County (excluding the City of Wilkes-Barre and Hazleton entitlement areas in some funding cycles). Household income may not exceed 80% HUD AMI for the Scranton-Wilkes-Barre, PA MSA: 1-person ~$46,450 up to 8-person ~$87,550. Buyer must complete a HUD-approved homebuyer education course and contribute funds toward the transaction. Property must pass HQS / lead-based paint inspection. Loan is forgiven over a 5-year affordability period.

The Growing Homeowners Initiative limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income at or below 80% Scranton-Wilkes-Barre MSA AMI: 1-person ~$46,450; 4-person ~$66,300; 8-person ~$87,550. Limits updated annually by HUD. 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.

The Growing Homeowners Initiative limita el precio de compra así: Tracks HUD HOME 95% area median purchase price for Luzerne County. Los tipos de propiedad elegibles incluyen Single-family detached, Townhouse y Condominium. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

The Growing Homeowners Initiative atiende a compradores de vivienda que compran en Condado de Luzerne, Pennsylvania.

Las solicitudes de The Growing Homeowners Initiative 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 First-come, first-served subject to annual HUD HOME / CDBG allocation. 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.