American Dream First Time Homebuyer Program (Bergen County)

American Dream First Time Homebuyer Program (Bergen County) è un secondo prestito differito per chi compra casa in contea di Bergen, New Jersey, gestito da Bergen County Division of Community Development. Administered by the Bergen County Division of Community Development, this program provides interest-free, deferred-payback second mortgage financing plus matching down payment assistance to eligible first-time homebuyers (or those who have not owned a home in the past three years) buying a one-family house or condominium in Bergen County, NJ. It combines a 0% deferred second mortgage of up to $65,000 in HOME funds (repaid on sale, transfer of title, or loss of primary residence) with up to $10,000 of CDBG matching assistance forgiven 1/10th per year over 10 years. 0% interest deferred second mortgage up to $65,000 (HOME funds). Up to $10,000 CDBG match forgiven 1/10th per year over 10 years (grant after 10 years). Partnership with participating banks for the first mortgage. Homebuyer education/counseling. I fondi provengono da HUD HOME Investment Partnerships Program (second mortgage) and CDBG (down payment match).

American Dream First Time Homebuyer Program (Bergen County) offre un aiuto fino a $75,000. Fasce di contributo: Second mortgage (HOME): 0% deferred up to $65,000, repaid on sale/transfer/loss of primary residence. Down payment match (CDBG): up to $10,000 forgivable 1/10th per year over 10 years, grant after 10 years. Contributo di chi compra casa: Applicant provides part of the down payment (program matches up to $10,000) and must cover all closing costs. Gli importi sono i massimi pubblicati dal programma, non un'offerta: è Bergen County Division of Community Development a stabilire l'eventuale importo per ciascuna persona.

American Dream First Time Homebuyer Program (Bergen County) viene condonato dopo 10 anni, quindi chi resta nella casa per quel periodo non lo restituisce. Il rimborso scatta in caso di Sale of home, transfer of title, or when the home is no longer the primary residence (applies to the $65,000 HOME second mortgage; the $10,000 CDBG match is forgiven over 10 years). L'aiuto è iscritto in posizione Second and third lien (HOME second + CDBG match behind bank first mortgage). Le condizioni di condono e di rimborso sono fissate dal programma e possono cambiare: verificale sulla pagina ufficiale del programma prima di fare domanda.

American Dream First Time Homebuyer Program (Bergen County) è aperto a chi compra la prima casa e chi compra casa e ci vivrà come residenza principale. Qui "prima casa" prevede delle eccezioni: Eligible if not owned a home in the past three years. Sul credito, il programma afferma: Credit-worthy track record required; bankruptcy must be discharged 5 years with re-established credit. È richiesto un corso per chi compra casa, tramite Fair Housing Council of Northern New Jersey; Greater Bergen Community Action. Eight-hour Homebuyer Certification class given through the program. Requisito di residenza: Must reside or work full-time in Bergen County. Two components: (1) 0% deferred second mortgage up to $65,000 (HOME), repaid in full on sale, transfer of title, or loss of primary residence (no fixed term); (2) up to $10,000 CDBG match (third mortgage) forgiven 1/10th per year over 10 years, a grant after 10 years. Must reside or work full-time in Bergen County. Bankruptcy must be discharged 5 years with re-established credit. All reasonable assets applied to down payment (may retain 3 months of mortgage payment reserves). Applicant pays all closing costs and must have own down payment funds. Eight-hour Homebuyer Certification class required. 2024 brochure shows $55,000 second mortgage; current webpage/PowerPoint show $65,000 (used the current figure).

American Dream First Time Homebuyer Program (Bergen County) limita il reddito familiare al 80% del reddito mediano dell'area, che varia in base alla contea e alla dimensione del nucleo familiare. Household income at or below 80% of the County median per HUD HOME income guidelines; income from all household members over 18 counted. Il limite si applica al reddito totale del nucleo familiare, non solo a quello del richiedente del mutuo. I dati sul reddito mediano dell'area sono pubblicati da HUD e aggiornati ogni anno, quindi controlla la tabella attuale della contea prima di basarti su una cifra.

American Dream First Time Homebuyer Program (Bergen County) fissa un prezzo di acquisto massimo di $523,000. I tipi di immobile idonei includono Single Family e Condo.

American Dream First Time Homebuyer Program (Bergen County) si rivolge a chi compra casa in contea di Bergen, New Jersey.

Le domande per American Dream First Time Homebuyer Program (Bergen County) passano da Bergen County Division of Community Development, che pubblica sul proprio sito le condizioni attuali e i passaggi per fare domanda. Hey Prescott non è un istituto di credito e non accetta domande; questa pagina descrive il programma perché chi compra casa possa parlarne con un istituto di credito o un consulente abitativo.