First-Time Homebuyer Down Payment Assistance Program

Ang First-Time Homebuyer Down Payment Assistance Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Everett, Massachusetts. The City of Everett First-Time Homebuyer Down Payment Assistance Program is an ARPA-funded forgivable second-mortgage program providing up to $20,000 to income-qualified first-time buyers purchasing within the City of Everett. The 5-year forgivable loan is administered by the Department of Planning & Development Housing Division. The Mayor expanded eligibility in 2025 to allow households earning up to 150% AMI and liquid assets up to $100,000. Awards are distributed first-come, first-served by date/time of completed application; multilingual applications are available. Up to $20,000 in forgivable down-payment assistance for income-qualified first-time buyers purchasing a 1-3 unit home or condominium in Everett. The forgivable second mortgage is forgiven 20% per year over 5 years, provided the home remains the buyer's primary residence and program requirements are met. Ang pondo ay mula sa ARPA, Federal, at Local Government.

Pinapatawad ang First-Time Homebuyer Down Payment Assistance Program pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Forgiven 20%/year over 5 years at unforgiven balance due upon sale, refinance with cash-out, transfer, or loss of owner-occupancy during the 5-year forgiveness period. 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 First-Time Homebuyer Down Payment Assistance Program 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 buyer required (no ownership in past 3 years). Tungkol sa credit, sinasabi ng programa: Not formally published; lender minimums apply (typically 620+ for conforming/FHA). Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Urban Edge, Metro Housing Boston, at other CHAPA-certified or HUD-approved counseling agencies. Requirement sa paninirahan: Property must be located within the City of Everett and used as the borrower's principal residence for the 5-year forgiveness period. Citizenship o katayuan sa imigrasyon: U.S. citizen or eligible non-citizen per first-mortgage product. First-time buyer required (no homeownership in past 3 years). Property must be located in Everett, used as primary residence. Maximum household income up to 150% of HUD AMI for Boston-Cambridge-Newton HMFA. Liquid assets capped at $100,000 (per 2025 program expansion). Forgivable second mortgage at 20% per year over 5 years; if home is sold, refinanced, or no longer primary residence within 5 years, unforgiven balance is due. Funded by FY23 ARPA earmark of $400,000 plus subsequent allocations. Application available in English, Spanish, Portuguese, and Haitian Creole. Distributed first-come, first-served by date/time of completed application.

Nililimitahan ng First-Time Homebuyer Down Payment Assistance Program ang kita ng sambahayan sa 150% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Up to 150% of HUD AMI for the Boston-Cambridge-Newton MSA (FY2025): approx. 1-person $62,340 to 8-person $178,250 across 80%-150% AMI bands. Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Nakalista sa programa ang pinakamalaking laki ng sambahayan na 8. 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 First-Time Homebuyer Down Payment Assistance Program ang presyo ng pagbili: No published dollar cap; HUD HOME 95% median-value rule applies if HOME-funded portion is layered. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached, Condominium, at 2-3 unit owner-occupied. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng First-Time Homebuyer Down Payment Assistance Program ang mga bibili ng bahay sa Everett, Massachusetts.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa First-Time Homebuyer Down Payment Assistance Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng First-come, first-served by date/time of completed application; paper applications available at City Planning Department and Everett Public Library locations (Parlin Memorial, Shute Memorial). 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.