Down Payment Loan Program

Ang Down Payment Loan Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Honolulu, Hawaii. The City and County of Honolulu Department of Community Services (DCS) Down Payment Loan Program provides a zero-interest, zero-fee loan of up to $40,000 to qualified low- and moderate-income first-time homebuyers purchasing on Oahu. The loan is amortized over 20 years; at the end of each year the borrower makes on-time payments, an additional year's principal is forgiven, fully forgiving the loan by year 20. Borrowers must contribute at least 5% of the purchase price as cash down payment. Zero-fee, zero-interest down payment loan up to $40,000 amortized over 20 years. At the end of each year that the borrower makes their payments on time, an additional year's worth of payments is forgiven - effectively forgiving half the principal by year 10 and all of it by year 20. Borrower must contribute at least 5% of purchase price as their own cash down payment. Ang pondo ay mula sa Local, Federal, HOME, at CDBG.

Pinapatawad ang Down Payment Loan Program pagkalipas ng 20 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Monthly payments over 20 years (with annual on-time-payment forgiveness reducing principal) at due at sale, refinance, or non-occupancy. Forgiven over 20 years. Nakatala ang tulong bilang lien sa posisyong 2nd Lien. Ang mga tuntunin sa pagpapatawad at pagbabayad ay itinatakda ng programa at maaaring magbago — kumpirmahin ang mga ito sa opisyal na pahina ng programa bago mag-apply.

Bukas ang Down Payment Loan Program sa mga unang beses na bibili ng bahay at mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Ang "unang beses na bibili ng bahay" ay karaniwang nangangahulugang hindi nagmay-ari ng bahay sa nakaraang tatlong taon, pero ang programa ang nagtatakda ng sarili nitong kahulugan. Tungkol sa credit, sinasabi ng programa: Per first-mortgage product overlays. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng City and County of Honolulu-approved homeowner education course (e.g., Hawaii HomeOwnership Center) - completion required prior to loan application. Requirement sa paninirahan: Property must be located on the island of Oahu (City and County of Honolulu) and used as borrower's primary residence. Citizenship o katayuan sa imigrasyon: U.S. citizen or U.S. permanent resident. Must be first-time homebuyer (no current ownership of residential property). Must be U.S. citizen or U.S. permanent resident. Must purchase a property on the island of Oahu (City and County of Honolulu). Must complete a City-approved homeowner education course before loan application. Borrower must provide at least 5% of purchase price as cash down payment. Annual gross household income must be within DCS limits for family size (80% AMI baseline).

Nililimitahan ng Down Payment Loan Program ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Annual gross household income limits by family size, generally up to 80% of HUD Area Median Income for Honolulu County. 2025 Honolulu County 100% AMI = $129,300 (4-person). Seed range $77,950-$164,798 reflects family-size sliding scale and possible higher AMI tier. Verify current published income limits with DCS Loan Branch. Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Ang mga numero ng median na kita sa lugar ay inilalathala ng HUD at ina-update taun-taon, kaya tingnan ang kasalukuyang talahanayan para sa county bago umasa sa isang numero.

Ganito nililimitahan ng Down Payment Loan Program ang presyo ng pagbili: Per first-mortgage product overlays; no published DCS purchase price cap. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family residence, condominium, townhouse - primary residence on Oahu. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Down Payment Loan Program ang mga bibili ng bahay sa Honolulu, Hawaii.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Down Payment Loan Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Direct application to DCS Loan Branch (808-768-7076) prior to or at time of purchase contract; subject to available funding. Ang Hey Prescott ay hindi nagpapautang at hindi tumatanggap ng aplikasyon; inilalarawan ng pahinang ito ang programa para madala ito ng bibili ng bahay sa isang lender o housing counselor.