Home Bridgeport - First Time Home Buyer Down Payment Assistance Program

Home Bridgeport - First Time Home Buyer Down Payment Assistance Program est un prêt annulable pour les futurs propriétaires de Bridgeport, Connecticut. Home Bridgeport is the City of Bridgeport's first-time homebuyer down-payment and closing-cost assistance program, administered by Building Neighborhoods Together (BNT), a HUD-certified Community Housing Development Organization (CHDO) and HUD-approved housing counseling agency. The program provides up to $25,000 as a forgivable second mortgage, using HUD HOME funds passed through the City of Bridgeport, to help income-qualified first-time buyers purchase 1-2 unit homes or FHA-approved condominiums located within Bridgeport city limits. Buyers must complete BNT's 8-hour homebuyer education class and contribute at least 1% of the purchase price from their own funds. Deed restrictions apply for 5-10 years depending on the assistance amount. Up to $25,000 in forgivable down-payment and closing-cost assistance for first-time homebuyers purchasing a 1-2 unit home or FHA-approved condo in the City of Bridgeport. Loan is secured by a forgivable second mortgage with deed restrictions of 5-10 years depending on the loan amount. No monthly payments and no interest. Layered with the buyer's first-mortgage product (fixed-rate only, no cash back at closing). Le financement provient de HOME, CDBG, Federal et Local Government.

Home Bridgeport - First Time Home Buyer Down Payment Assistance Program est annulé après 10 ans : un futur propriétaire qui reste aussi longtemps n’a rien à rembourser. Le remboursement est déclenché par Forgivable second is forgiven over the 5-10-year affordability period (length depends on assistance amount) so long as the buyer occupies the home as primary residence et due in full upon sale, refinance with cash-out, transfer, or loss of owner-occupancy during the deed-restriction period. L’aide est inscrite au rang suivant : 2. Les conditions d’annulation et de remboursement sont fixées par le programme et peuvent changer — vérifiez-les sur la page officielle du programme avant de déposer une demande.

Home Bridgeport - First Time Home Buyer Down Payment Assistance Program est ouvert à les primo-accédants et les futurs propriétaires qui occuperont le logement comme résidence principale. « Primo-accédant » comporte ici des exceptions : Must not have owned any residential real estate in the previous 3 years (true first-time buyer or 3-year displaced homeowner). Au sujet du crédit, le programme précise : 620 minimum FICO; no bankruptcy or foreclosure in past 3 years. Un cours pour futurs propriétaires est obligatoire, auprès de Building Neighborhoods Together (BNT) - HUD-approved housing counseling agency; 8-hour First Time Homebuyer Pre-Purchase Certificate Class required. Condition de résidence : Property must be located within the City of Bridgeport, CT, and be the buyer's primary residence for the duration of the affordability period. Citoyenneté ou statut d’immigration : U.S. citizen or eligible non-citizen permitted by underlying first-mortgage product and HUD HOME rules. Property must be located in the City of Bridgeport and be a 1-2 unit home or FHA-approved condominium (new construction). Property value cannot exceed 95% of Bridgeport's median single-family home price. Buyer must not have owned residential real estate in the previous 3 years; must occupy as primary residence; must contribute at least 1% of the purchase price from own funds; must complete an 8-hour HUD-approved homebuyer education class with BNT; minimum FICO 620; no bankruptcy or foreclosure within the past 3 years; liquid assets capped at $10,000 (excess must be applied toward purchase). Housing/total-debt ratios capped at 35% / 45%. Fixed-rate first mortgage only and no cash back at closing. Deed restrictions apply 5-10 years depending on loan amount; buyer must live in the home as primary residence for the affordability period. Funds awarded first-come, first-served to eligible buyers under contract.

Home Bridgeport - First Time Home Buyer Down Payment Assistance Program plafonne le revenu du ménage à 80 % du revenu médian de la zone, qui varie selon le comté et la taille du ménage. Household income must be at or below 80% HUD Area Median Income for the Bridgeport Metro Area: 1-person $71,650; 2-person $81,850; 3-person $92,100; 4-person $102,300; 5-person $110,500; 6-person $118,700; 7-person $126,900; 8-person $135,050. Le plafond s’applique au revenu total du ménage, pas seulement à celui de l’emprunteur. Le programme indique une taille de ménage maximale de 8. Les chiffres du revenu médian de la zone sont publiés par HUD et mis à jour chaque année : consultez le tableau en vigueur pour le comté avant de vous fier à un chiffre.

Home Bridgeport - First Time Home Buyer Down Payment Assistance Program plafonne le prix d’achat ainsi : Property value cannot exceed 95% of the Bridgeport median single-family home price (HOME-program 95% rule); no fixed dollar cap published. Les types de logements admissibles comprennent Single-family detached, 2-unit (owner-occupied) et FHA-approved condominium (new construction). Les constructions neuves sont admissibles. Les maisons préfabriquées ne sont pas admissibles.

Home Bridgeport - First Time Home Buyer Down Payment Assistance Program s’adresse aux futurs propriétaires qui achètent à Bridgeport, Connecticut.

Les demandes pour Home Bridgeport - First Time Home Buyer Down Payment Assistance Program passent par l’organisme gestionnaire, qui publie les conditions en vigueur et les étapes de la demande sur son propre site. Les fonds sont réservés par l’intermédiaire de First-come, first-served via BNT once buyer is under contract; applicant must complete BNT intake form and homebuyer education before formal application. Hey Prescott n’est pas un prêteur et n’accepte pas de demandes ; cette page décrit le programme pour qu’un futur propriétaire puisse en parler à un prêteur ou à un conseiller en logement.