City of Lincoln Park Down Payment Assistance for First-Time Homebuyers

Ang City of Lincoln Park Down Payment Assistance for First-Time Homebuyers ay isang loan na mapapatawad para sa mga bibili ng bahay sa Lincoln Park, Michigan, na pinangangasiwaan ng National Faith Homebuyers (on behalf of the City of Lincoln Park). The City of Lincoln Park's Down Payment Assistance program provides eligible first-time homebuyers up to $14,999 toward their down payment or approved closing costs to purchase a single-family home or condo within Lincoln Park city limits. Assistance is structured as a forgivable second mortgage that is forgiven after the buyer occupies the home as their principal residence for five years. The program is administered by National Faith Homebuyers and is funded on a first-come, first-served basis. Households must earn at or below 80% of area median income and may not hold more than $20,000 in liquid assets. Up to $14,999 toward down payment or closing costs. Forgivable after 5 years of owner occupancy. 0% interest. No monthly payments. Ang pondo ay mula sa Federal HOME/CDBG funds via the City of Lincoln Park (Unconfirmed: exact federal source not specified on official page). Program-year DPA budget reported as $100,000 (National Faith DPA budget tracker, last updated 2026-05-20).

Nag-aalok ang City of Lincoln Park Down Payment Assistance for First-Time Homebuyers ng tulong na hanggang $14,999. Ambag ng bibili ng bahay: Not published on official program page (asset limit: buyer cannot hold more than $20,000 in liquid assets). Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang National Faith Homebuyers (on behalf of the City of Lincoln Park) ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang City of Lincoln Park Down Payment Assistance for First-Time Homebuyers pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Second mortgage is forgiven after 5 years of owner occupancy as principal residence; if the home ceases to be the principal residence before 5 years, repayment may be triggered (Unconfirmed: exact pro-rata vs. full repayment schedule not published on official page). Nakatala ang tulong bilang lien sa posisyong Second mortgage (subordinate). 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 City of Lincoln Park Down Payment Assistance for First-Time Homebuyers 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": Cannot own or have an interest in any other real estate in the past 3 years at the time of purchase. Tungkol sa credit, sinasabi ng programa: Not published on official program page. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng National Faith Homebuyers (or another National Faith-approved course). Requirement sa paninirahan: Home must be within the City of Lincoln Park city limits. Loan term: forgivable second mortgage forgiven after 5 years of owner occupancy. Buyer cannot hold more than $20,000 in liquid assets. Mortgage payment may not exceed 31% of gross monthly household income (general National Faith DPA rule).

Nililimitahan ng City of Lincoln Park Down Payment Assistance for First-Time Homebuyers ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Household income must be at or below 80% AMI. 2026 income limits by household size: 1 person $58,700; 2 person $67,100; 3 person $75,500; 4 person $83,850; 5 person $90,600; 6 person $97,300; 7 person $104,000; 8 person $110,700. 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 City of Lincoln Park Down Payment Assistance for First-Time Homebuyers ang presyo ng pagbili sa $219,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang single-family at condominium.

Pinaglilingkuran ng City of Lincoln Park Down Payment Assistance for First-Time Homebuyers ang mga bibili ng bahay sa Lincoln Park, Michigan.

Dumadaan sa National Faith Homebuyers (on behalf of the City of Lincoln Park) ang mga aplikasyon para sa City of Lincoln Park Down Payment Assistance for First-Time Homebuyers, 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; applicants check availability periodically and submit eligibility pre-screen / application through National Faith Homebuyers. 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.