Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium)

Ang Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium) ay isang ipinagpalibang pangalawang loan para sa mga bibili ng bahay sa Elgin, Illinois, na pinangangasiwaan ng Kane County Office of Community Reinvestment (Kane-Elgin HOME Consortium). Through the Kane-Elgin HOME Consortium, Kane County's Office of Community Reinvestment offers eligible first-time homebuyers a 0 percent deferred-payment second mortgage of up to $10,000 toward down payment and customary closing costs. The Program Area expressly includes all of the City of Elgin, including the portion in Cook County. The loan is not a grant or forgivable loan; the full amount is repaid out of net proceeds when the home is sold, title is transferred, or it ceases to be the borrower's primary residence (with a 5-year HUD affordability period). Applicants must be at or below 80 percent AMI, complete HUD-certified counseling, contribute at least 1 percent of the purchase price, and buy within the program area. Up to $10,000 in down payment and closing cost assistance. 0 percent interest. No monthly payments (deferred). Borrower chooses their own lender. Covers all of the City of Elgin including the Cook County portion. Ang pondo ay mula sa Federal HOME Investment Partnerships Program (Kane-Elgin HOME Consortium).

Nag-aalok ang Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium) ng tulong na hanggang $10,000. Ambag ng bibili ng bahay: Applicant must contribute a minimum down payment of at least 1 percent of the purchase price from own funds (earnest money); lender may require more. Maaaring isama ang programa sa An additional up to $10,000 is available if the home is within the city limits of St. Charles (not applicable to Elgin). Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang Kane County Office of Community Reinvestment (Kane-Elgin HOME Consortium) ang nagpapasya sa anumang indibidwal na award.

Ipinagpaliban ang Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium), kaya walang bayarin hanggang maibenta o ma-refinance ang bahay, o mabayaran nang buo ang unang mortgage. Kailangang bayaran kapag may Loan is due in full out of net proceeds when the home is sold, title is transferred, or the household no longer occupies the home as its primary residence. Nakatala ang tulong bilang lien sa posisyong Second. 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 Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium) sa mga unang beses na bibili ng bahay at mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. May mga eksepsiyon dito ang "unang beses": First-time homebuyer defined as not having owned a home in the last 3 years. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng HUD-certified housing counseling agency of buyer's choice with customized counseling (online/group courses alone do not qualify). Local agencies: The Neighbor Project (Aurora); Consumer Credit Counseling Service of Northern Illinois (Elgin); DuPage Homeownership Center (Wheaton). Requirement sa paninirahan: Must currently live or work full-time in Kane County and the Kane-Elgin Consortium Area, and have done so for at least one year before the application date. Complete HUD-certified homebuyer counseling (customized; online/group-only courses do not qualify) before signing a purchase contract. A required Real Estate Sales Contract Rider must be signed and attached to the initial offer or the property is ineligible. Contract closing date must be 35-plus days from execution. Property must pass county general and visual lead inspections. No cash back to buyer; no other debt paid at closing. Front-end housing ratio 25-32 percent; back-end DTI cap 50 percent. Assistance amount may be reduced after asset/cash-reserve review. GAP: minimum credit score not stated (no credit-score requirement found). GAP: max liquid assets not a hard cap (reviewed case-by-case). GAP: annual funding cap / reservation system not published. GAP: HUD AMI year/MSA not stated; income limits dated effective 6/15/23. GAP: provider phone not listed on program docs (contact by email). Note: the City of Elgin does not run a separate standalone DPA program; its DPA is delivered through this Kane-Elgin HOME Consortium program.

Nililimitahan ng Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium) ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Household income (HUD-projected gross, adjusted for household size) must not exceed federal limits. Effective 6/15/23: 1 $61,800; 2 $70,600; 3 $79,450; 4 $88,250; 5 $95,350; 6 $102,400; 7 $109,450; 8-plus $116,050. Front-end housing ratio 25-32 percent; back-end ratio not exceeding 50 percent. 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.

Nililimitahan ng Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium) ang presyo ng pagbili sa $287,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single Family, Condo, at Townhouse. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium) ang mga bibili ng bahay sa Elgin, Illinois. Tinutukoy ng programa ang mga partikular na lugar: Kane-Elgin Consortium Area: all of Kane County except Aurora, Algonquin, Barrington Hills, Bartlett, Hampshire, Huntley, Hoffman Estates, Montgomery, and the DuPage portion of Wayne; plus all of the City of Elgin (including its Cook County portion), all of the Village of Maple Park, and all of the City of St. Charles.

Dumadaan sa Kane County Office of Community Reinvestment (Kane-Elgin HOME Consortium) ang mga aplikasyon para sa Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium), na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. 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.