First-Time Homebuyer Downpayment Assistance Loan Program

Ang First-Time Homebuyer Downpayment Assistance Loan Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Salem, Massachusetts. The City of Salem First-Time Homebuyer Downpayment Assistance Loan Program (FTHB), administered by the Salem Department of Planning and Community Development (DPCD), provides 0% interest, deferred, forgivable second mortgages for low- and moderate-income first-time buyers purchasing a condo, single-family, or 2-4 unit home in Salem. Salem's program matches the buyer's down payment up to $6,500, with an additional $1,000 available to those who complete CHAPA homebuyer counseling, for a total maximum of $7,500. The loan is forgiven after 10 or 15 years of owner-occupancy (term depends on amount). Funded via HUD HOME, CDBG, and Community Preservation Act funds. Due to limited capacity, FY26 applicants are being placed on a waitlist. Up to $6,500 in matching down-payment assistance, plus an additional $1,000 for buyers who complete a CHAPA-certified homebuyer counseling course (total up to $7,500). Provided as a 0% interest, deferred, and forgivable second-mortgage loan, forgiven after 10 or 15 years of continuous owner-occupancy (term depends on assistance amount). Ang pondo ay mula sa HOME, CDBG, CPA, Federal, at Local Government.

Pinapatawad ang First-Time Homebuyer Downpayment Assistance Loan Program pagkalipas ng 10 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Forgiven after 10 or 15 years of continuous owner-occupancy at unforgiven balance due upon sale, transfer, refinance with cash-out, or loss of owner-occupancy during the affordability 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 Downpayment Assistance Loan 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; single-parent and displaced-homeowner (divorce/legal separation) exceptions apply per Salem policy. 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 North Shore CDC, Harborlight Homes, at other CHAPA-certified counseling agencies. Requirement sa paninirahan: Property must be located in the City of Salem and used as the borrower's primary residence. Citizenship o katayuan sa imigrasyon: U.S. citizen or eligible non-citizen per first-mortgage product and HUD HOME rules. First-time buyer required (no ownership in past 3 years); single-parent and divorced/legally-separated displaced homeowner exceptions per Salem policy. Buyer's liquid assets cannot exceed $50,000. Property must be located in the City of Salem and used as principal residence. Eligible properties include condominium, single-family, or 2-4 unit owner-occupied home. Matching funds required. Forgivable after 10 or 15 years (term depends on assistance amount). Apply via pre-qualification form to be placed on a waitlist; due to limited capacity all FY26 requests including emergencies are being placed on a waitlist. Program is funded with HUD HOME, CDBG, and Community Preservation Act funds.

Nililimitahan ng First-Time Homebuyer Downpayment Assistance Loan 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 Boston-Cambridge-Newton HMFA (FY2025): approx. 1-person $91,200 to 8-person $151,100. 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.

Nililimitahan ng First-Time Homebuyer Downpayment Assistance Loan Program ang presyo ng pagbili sa $1.0M. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached, Condominium, at 2-4 unit owner-occupied. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng First-Time Homebuyer Downpayment Assistance Loan Program ang mga bibili ng bahay sa Salem, Massachusetts.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa First-Time Homebuyer Downpayment Assistance Loan Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Pre-qualification form required; applicants placed on waitlist (FY26 waitlist active due to limited capacity). 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.