Suffolk County HOME Consortium Down Payment Assistance Program for First-Time Homebuyers

Suffolk County HOME Consortium Down Payment Assistance Program for First-Time Homebuyers è un prestito condonabile per chi compra casa in contea di Suffolk, New York, gestito da Suffolk County Office of Community Development (Department of Economic Development and Planning). The Suffolk County HOME Consortium Down Payment Assistance Program provides eligible first-time homebuyers with up to $30,000 toward the down payment on an owner-occupied single-family residence (including condos, co-ops, and manufactured homes) within the Suffolk County HOME Consortium selection area. Funded with federal HUD HOME dollars, the assistance is a zero-interest deferred-payment loan secured by a subordinate Note & Mortgage that is forgiven after a 10-year affordability period, provided the home is not sold, transferred, or rented and remains the recipient's primary residence. The program does not fund closing costs. Up to $30,000 toward down payment. Zero-interest deferred loan. Fully forgivable after 10 years of owner-occupancy. First-time homebuyer requirement waived for honorably discharged veterans. Covers existing and new-construction homes. Includes condos, co-ops, and manufactured homes. I fondi provengono da HUD HOME Investment Partnerships Program (federal) via the Suffolk County HOME Consortium.

Suffolk County HOME Consortium Down Payment Assistance Program for First-Time Homebuyers offre un aiuto fino a $30,000. Contributo di chi compra casa: Applicant must have a minimum of $3,000 of their own funds in the bank at the time of application; applicant's liquid assets cannot exceed the purchase price of the house. Il programma può essere combinato con May be combined with other down payment assistance programs and homebuyer resources per the County's Additional Resources guide. Gli importi sono i massimi pubblicati dal programma, non un'offerta: è Suffolk County Office of Community Development (Department of Economic Development and Planning) a stabilire l'eventuale importo per ciascuna persona.

Suffolk County HOME Consortium Down Payment Assistance Program for First-Time Homebuyers viene condonato dopo 10 anni, quindi chi resta nella casa per quel periodo non lo restituisce. Il rimborso scatta in caso di Sale, transfer, rental, foreclosure, or loss of owner-occupancy as primary residence during the 10-year affordability period; full repayment if found in violation of affordability restrictions. L'aiuto è iscritto in posizione second. Le condizioni di condono e di rimborso sono fissate dal programma e possono cambiare: verificale sulla pagina ufficiale del programma prima di fare domanda.

Suffolk County HOME Consortium Down Payment Assistance Program for First-Time Homebuyers è aperto a chi compra la prima casa e chi compra casa e ci vivrà come residenza principale. Qui "prima casa" prevede delle eccezioni: First-time homebuyer requirement (no homeownership in prior 3 years) is waived for U.S. military veterans possessing a DD-214 verifying honorable service/discharge. È richiesto un corso per chi compra casa, tramite One-on-one/in-person mortgage counseling at a HUD-certified not-for-profit housing agency; counseling certificate must be dated within 12 months of application; each individual named on the mortgage must attend. Requisito di residenza: Must occupy and maintain the subject property as principal residence throughout the entire 10-year affordability period. STATUS NOTE: As of June 2026 the official program site (scdownpayment.com) states the program is CLOSED for applications, with the next funding round 'expected to open in Summer 2026.' Recurring, annually re-funded county program; this record reflects the most recent published 2024 cycle terms. Does NOT fund purchases in Towns of Babylon, Islip, or Brookhaven. Underwriting ratios: front-end DTI 38%, back-end TDTI 45%, LTV 95%. Purchaser Certificate valid 180 days to submit contract; 90 days to close (300 for new construction).

Suffolk County HOME Consortium Down Payment Assistance Program for First-Time Homebuyers limita il reddito familiare al 80% del reddito mediano dell'area, che varia in base alla contea e alla dimensione del nucleo familiare. Gross annual household income may not exceed 80% of HUD area median income; 2024 limits by household size: 1-person $87,500; 2 $100,000; 3 $112,500; 4 $124,950; 5 $134,950; 6 $144,950; 7 $154,950; 8+ $164,950. Includes all income (overtime, bonuses, pensions, Social Security, 401-K distributions, tips, etc.). 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.

Suffolk County HOME Consortium Down Payment Assistance Program for First-Time Homebuyers fissa un prezzo di acquisto massimo di $551,000. I tipi di immobile idonei includono Single Family, Condo, Co-op e Manufactured. Le nuove costruzioni sono idonee. Le case prefabbricate sono idonee.

Suffolk County HOME Consortium Down Payment Assistance Program for First-Time Homebuyers cita veterani tra i gruppi a cui si rivolge. Essere citati qui significa che il programma menziona il gruppo, non che l'appartenenza basti da sola a soddisfare i requisiti: valgono comunque le altre regole di idoneità.

Suffolk County HOME Consortium Down Payment Assistance Program for First-Time Homebuyers si rivolge a chi compra casa in contea di Suffolk, New York.

Le domande per Suffolk County HOME Consortium Down Payment Assistance Program for First-Time Homebuyers passano da Suffolk County Office of Community Development (Department of Economic Development and Planning), che pubblica sul proprio sito le condizioni attuali e i passaggi per fare domanda. I fondi vengono prenotati tramite First-come, first-served; Purchaser Certificates issued in order applications are received; waiting list established once available Certificates are exhausted. 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.