Homebuyer Down Payment/Closing Cost Assistance Program

Ang Homebuyer Down Payment/Closing Cost Assistance Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Moline, Illinois. The City of Moline CDBG Down Payment/Closing Cost Assistance Program, administered by the Community & Economic Development Department, provides forgivable second-mortgage loans up to $7,100 to low- and moderate-income homebuyers earning up to 80% of HUD AMI who purchase homes in Moline. Funded through CDBG, the program covers up to 50% of the required down payment plus reasonable closing costs and is forgiven on a pro-rata basis over a 5-year affordability period. Forgivable second-mortgage loan up to $7,100 for down payment and/or closing-cost assistance for households earning up to 80% of HUD Area Median Income. CDBG-funded. 5-year affordability period with pro-rated forgiveness (the longer the homeowner stays, the more is forgiven). Funds awarded first-come, first-served until exhausted. Ang pondo ay mula sa Federal CDBG at Local Government.

Nag-aalok ang Homebuyer Down Payment/Closing Cost Assistance Program ng tulong na hanggang $7,100. Ambag ng bibili ng bahay: Minimum $1,000 buyer contribution toward down payment and/or closing costs. Maaaring isama ang programa sa iba pang tulong, ayon sa mga patakaran ng bawat isa. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang ang ahensyang nangangasiwa ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang Homebuyer Down Payment/Closing Cost Assistance Program pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may 5-year affordability lien. Pro-rata forgiveness over 5 years at if homeowner sells, transfers, refinances (cash-out), or ceases to occupy as primary residence before 5 years, unforgiven balance becomes due. Nakatala ang tulong bilang lien sa posisyong 2. 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 Homebuyer Down Payment/Closing Cost Assistance Program sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Tungkol sa credit, sinasabi ng programa: No published Moline-specific minimum; first-mortgage product credit-score minimums apply. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng HUD-approved counseling agency; 8-hour Homebuyer Education class required prior to receiving assistance. Requirement sa paninirahan: Property must be located within the corporate limits of the City of Moline, IL, and serve as borrower's primary residence. Citizenship o katayuan sa imigrasyon: U.S. citizen or eligible non-citizen per first-mortgage product rules. Household income at or below 80% HUD AMI for the Davenport-Moline-Rock Island MSA - approximately $50,150 (1-person) to $94,550 (8-person) under 2025 HUD limits. Buyer must be able to obtain a fixed-rate FHA, VA, or Conventional first mortgage. Front-end (housing) ratio must be less than 31% and back-end (total debt) ratio less than 43%. Buyer must contribute at least $1,000 toward down payment and/or closing costs. Property must be purchased fee-simple, located within City of Moline, and be the buyer's primary residence. Program may cover up to 50% of the required down payment plus reasonable closing costs. 8-hour HUD-approved Homebuyer Education class required prior to receiving assistance. Homeowner must carry homeowner's insurance and list City of Moline as additional insured. 5-year affordability lien recorded. Funds first-come, first-served until exhausted.

Nililimitahan ng Homebuyer Down Payment/Closing Cost Assistance Program ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Household income at or below 80% HUD AMI for the Davenport-Moline-Rock Island, IA-IL MSA. 2025 approximate range: $50,150 (1-person) to $94,550 (8-person). 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 Homebuyer Down Payment/Closing Cost Assistance Program ang presyo ng pagbili: No published Moline-specific maximum purchase price; subject to first-mortgage product and CDBG affordability rules. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached, Townhome, at Condominium. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Homebuyer Down Payment/Closing Cost Assistance Program ang mga bibili ng bahay sa Moline, Illinois.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Homebuyer Down Payment/Closing Cost Assistance Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Application submitted via Jotform / Community Development; awarded first-come, first-served subject to availability. 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.