REACH HOME Program

REACH HOME Program은(는) Lexington, Kentucky 주택 구매자를 위한 탕감 가능 대출입니다. REACH, Inc. is a HUD-approved housing counseling agency / 501(c)(3) headquartered in Lexington's Red Mile area. The REACH HOME Program is the agency's flagship DPA - a HUD HOME-funded forgivable second mortgage of up to $20,000 (1-person), $25,000 (2-person), or $30,000 (3+ person) for first-time homebuyers who reside in any of six Bluegrass counties (Bourbon, Clark, Fayette, Jessamine, Scott, Woodford) and are purchasing a primary residence in Fayette County. 80% AMI ceiling; HOME affordability period (10 years for $15K-$40K range). Pre-purchase homebuyer education provided in-house. The REACH HOME Program provides a forgivable second-mortgage loan to assist eligible Bluegrass-region first-time homebuyers with the down payment and closing costs needed to purchase a home in Fayette County (Lexington). The amount of assistance is sized to the actual amount needed to close the gap, capped by household size: up to $20,000 for a 1-person household, up to $25,000 for a 2-person household, and up to $30,000 for a 3-or-more-person household. Funded with federal HUD HOME pass-through dollars from LFUCG (Lexington-Fayette Urban County Government). The loan carries 0% interest, requires no monthly payments, and is forgiven over the HUD HOME affordability period (10 years for assistance amounts in the $15,000-$40,000 range per 24 CFR 92.254). REACH is a HUD-approved housing counseling agency and provides the required pre-purchase homebuyer education in-house. 재원은 Federal, HOME 및 City에서 나옵니다.

REACH HOME Program은(는) 10년 후 탕감되므로, 그 기간 동안 거주한 주택 구매자는 상환하지 않습니다. 상환 사유: Forgiven over the HUD HOME affordability period (10 years for $15,000-$40,000 assistance per 24 CFR 92.254). If property is sold, transferred, refinanced (cash-out), or vacated before the period ends, recapture per HUD HOME rules. 지원금은 2nd Lien 순위로 등기됩니다. 탕감 및 상환 조건은 프로그램이 정하며 바뀔 수 있습니다 — 신청 전에 공식 프로그램 페이지에서 확인하세요.

REACH HOME Program의 대상: 생애 첫 주택 구매자 및 주택을 주 거주지로 사용할 주택 구매자. 여기서 "생애 첫"에는 예외가 있습니다: Standard HUD HOME exceptions to the 3-year FTHB rule apply: displaced homemakers, single parents who only owned a home with an ex-spouse, and prior owners of manufactured homes without permanent foundations. 신용에 대해 프로그램은 다음과 같이 명시합니다: No published REACH-imposed minimum FICO; participating first-mortgage lender overlays apply (typically 620-640). 주택 구매자 교육 이수가 필요하며, REACH, Inc. - HUD-approved housing counseling agency. REACH provides the required pre-purchase homebuyer education in-house and via eHome America online (www.ehomeamerica.org/reachky). Certificate of completion required before closing.을(를) 통해 받습니다. 거주 요건: Buyer must be a resident of Bourbon, Clark, Fayette, Jessamine, Scott, or Woodford County for at least one year prior to home purchase. Purchased home must be located in Fayette County (Lexington) and must be borrower's primary residence. 시민권 또는 이민 신분: Per HUD HOME federal eligibility - U.S. citizen or qualifying non-citizen. Eligible client must be a resident of one of six Bluegrass counties for at least one year prior to home purchase: Bourbon, Clark, Fayette, Jessamine, Scott, or Woodford. The home being purchased must be located in Fayette County (Lexington). First-time homebuyer required (HUD HOME standard - no homeownership in past 3 years; standard HOME exceptions for displaced homemakers and single parents apply). Household income at or below 80% AMI for the Lexington-Fayette MSA per HUD HOME limits. Must complete REACH's required homebuyer education program. Property must be owner-occupied as primary residence and meet HUD HOME property standards (HQS / NSPIRE). Pre-1978 housing subject to lead-based paint clearance under HUD Lead Safe Housing Rule. Funding is subject to availability under LFUCG's annual HUD HOME allocation; applications may be paused when funding is exhausted (e.g., LFUCG First-Time Homebuyer page noted funds exhausted as of May 2025, with future open application periods).

REACH HOME Program은(는) 가구 소득을 지역 중위 소득의 80%로 제한하며, 이 금액은 카운티와 가구 규모에 따라 다릅니다. Household income at or below 80% AMI for Lexington-Fayette MSA per HUD HOME limits (varies by household size). Verify current year limits with REACH or LFUCG Housing Advocacy & Community Development. 한도는 차입자 본인의 소득만이 아니라 가구 전체 소득에 적용됩니다. 지역 중위 소득 수치는 HUD가 발표하고 매년 갱신하므로, 수치를 믿고 판단하기 전에 해당 카운티의 최신 표를 확인하세요.

REACH HOME Program의 구매 가격 상한은 다음과 같습니다: Subject to LFUCG / HUD HOME 95%-of-area-median purchase-price limit for the Lexington-Fayette MSA (verify current limit with REACH); first-mortgage product loan limits also apply. 대상 주택 유형: Single-family detached, condominium, townhouse, half of duplex (one side owner-occupied), manufactured home on permanent foundation, and new construction - all per HUD HOME property type rules. 신축 주택도 대상입니다. 조립식 주택도 대상입니다.

REACH HOME Program은(는) 지원 대상 그룹으로 재향군인, 현역 군인, 예비군 및 주방위군 대원 및 유족 배우자을(를) 명시합니다. 여기에 이름이 나온다는 것은 프로그램이 해당 그룹을 언급한다는 뜻이며, 그 그룹에 속한다는 것만으로 신청자가 자격을 갖춘다는 뜻은 아닙니다 — 나머지 자격 요건도 그대로 적용됩니다.

REACH HOME Program은(는) Lexington, Kentucky에서 주택을 구매하는 주택 구매자를 지원합니다.

REACH HOME Program 신청은 운영 기관을(를) 통해 진행되며, 해당 기관이 자체 사이트에 최신 조건과 신청 절차를 게시합니다. 자금 예약: Eligible buyers contact REACH at 859-455-8057 to enroll in homebuyer education and apply for HOME funds. Subject to availability under LFUCG's annual HUD HOME allocation (funding has been exhausted in past program years - check current status). Hey Prescott는 대출 기관이 아니며 신청서를 받지 않습니다. 이 페이지는 주택 구매자가 대출 기관이나 주택 상담사에게 가져갈 수 있도록 프로그램을 설명합니다.