First Time Home Buyer Grant Program

First Time Home Buyer Grant Program é um subsídio para compradores de imóveis em Hamburg, New York. The Town of Hamburg First Time Home Buyer Grant Program is a CDBG/HOME-funded conditional grant of up to $20,000 to first-time homebuyers purchasing an existing single-family home within the Town of Hamburg (including the Villages of Blasdell and Hamburg and hamlets such as Lakeview and Woodlawn). The program is administered by the Town of Hamburg Department of Community Development and partners with Belmont Housing Resources for WNY for required homebuyer/budget counseling. Income eligibility follows HUD PY 2025 80% AMI limits for the Buffalo-Cheektowaga-Niagara Falls MSA. The grant is forgiven over a 5-year owner-occupancy / affordability period; if the buyer sells, transfers, refinances with cash-out, or no longer occupies the home during the 5-year period, the grant must be repaid in full. Conditional grant of up to $20,000 toward the purchase of an existing single-family home within the Town of Hamburg (including the Villages of Blasdell and Hamburg, and hamlets such as Lakeview and Woodlawn). Grant is structured as a conditional/forgivable second mortgage. if the buyer remains in compliance (owner-occupies as primary residence) for the 5-year affordability period, the grant is fully forgiven. Maximum eligible purchase price $298,950 (Buffalo-area HUD HOME 95% rule). Os recursos vêm de CDBG, HOME, Federal e Local Government.

First Time Home Buyer Grant Program oferece até $20,000 de ajuda. Contribuição do comprador de imóvel: Per first-mortgage program; no specific Town minimum published. O programa pode ser combinado com outras ajudas, sujeito às regras de cada uma. Os valores são os máximos publicados pelo programa, não uma oferta — o órgão que administra o programa define qualquer ajuda individual.

First Time Home Buyer Grant Program é estruturado como um subsídio, então não é devolvido. O reembolso é acionado por Conditional grant secured by a forgivable second mortgage e grant is forgiven after 5 years of continuous owner-occupancy. Sale, transfer, refinance with cash-out, or loss of owner-occupancy during the 5-year affordability period triggers full repayment of the grant to the Town of Hamburg. A ajuda é registrada como ônus em posição 2. As condições de perdão e reembolso são definidas pelo programa e podem mudar — confirme-as na página oficial do programa antes de se inscrever.

First Time Home Buyer Grant Program é aberto a compradores do primeiro imóvel e compradores de imóveis que vão morar no imóvel como residência principal. “Primeiro imóvel” tem exceções aqui: Must not have owned any residential real estate in the previous 3 years (HUD HOME first-time homebuyer definition). Sobre crédito, o programa afirma: No published minimum FICO; underwriting follows the buyer's first-mortgage product. É exigido um curso de educação para compradores de imóveis, por meio de Belmont Housing Resources for WNY, Inc. - HUD-approved housing counseling agency; required Homebuyer/Budget Counseling course; Buffalo Urban League also accepted. Requisito de residência: Property must be located within the Town of Hamburg (Erie County), NY - including the Villages of Blasdell and Hamburg and hamlets such as Lakeview and Woodlawn - and be the buyer's primary residence. Open to all income-eligible buyers regardless of current residence. Cidadania ou situação imigratória: U.S. citizen or eligible non-citizen permitted by underlying first-mortgage product and HUD HOME rules. Property must be an existing single-family home located within the Town of Hamburg (including the Villages of Blasdell and Hamburg, and hamlets including Lakeview and Woodlawn). Buyer must be a first-time homebuyer per HUD definition (no ownership of residential real estate in previous 3 years). Household income must satisfy HUD PY 2025 income limits, ranging from approximately $56,600 (1-person) up to $106,700 (8-person) for the Buffalo-Cheektowaga-Niagara Falls MSA at 80% AMI. Maximum eligible purchase price $298,950. Buyer must complete a required Homebuyer / Budget Counseling course (Belmont Housing Resources for WNY or Buffalo Urban League) and submit documentation. Eligible homes are limited to single-family only (no condos or 2-families). Buyer must occupy the home as primary residence for the 5-year affordability period; grant is forgiven at the end of year 5. Sale, transfer, refinance with cash-out, or loss of owner-occupancy during the 5-year period triggers full repayment.

First Time Home Buyer Grant Program limita a renda familiar a 80% da renda mediana da região, que varia conforme o condado e o tamanho da família. Household income must be at or below 80% HUD PY 2025 Area Median Income for the Buffalo-Cheektowaga-Niagara Falls MSA, adjusted by household size. 2025 80% AMI limits range approximately: 1-person $56,600; 2-person $64,650; 3-person $72,750; 4-person $80,800; 5-person $87,300; 6-person $93,750; 7-person $100,200; 8-person $106,700. O limite vale para a renda total da família, não só a do mutuário. O programa indica um tamanho máximo de família de 8. Os valores da renda mediana da região são publicados pelo HUD e atualizados todo ano, então confira a tabela atual do condado antes de se basear em um número.

First Time Home Buyer Grant Program limita o preço de compra a $298,950. Os tipos de imóvel elegíveis incluem Single-family detached. Construções novas não são elegíveis. Casas pré-fabricadas não são elegíveis.

First Time Home Buyer Grant Program atende compradores de imóveis que compram em Hamburg, New York.

As inscrições para First Time Home Buyer Grant Program são feitas por meio de o órgão que administra o programa, que publica as condições atuais e as etapas da inscrição no próprio site. Os recursos são reservados por meio de First-come, first-served via the Town of Hamburg Department of Community Development; subject to annual CDBG/HOME allocation. Applicant must complete intake, Homebuyer/Budget Counseling, and submit application before going under contract. A Hey Prescott não é uma credora e não aceita inscrições; esta página descreve o programa para que um comprador de imóvel possa levá-lo a um credor ou a um conselheiro habitacional.