City of Warren Direct Homebuyer Assistance Program (HOME)

Ang City of Warren Direct Homebuyer Assistance Program (HOME) ay isang loan na mapapatawad para sa mga bibili ng bahay sa Warren, Michigan, na pinangangasiwaan ng City of Warren Community Development Department (CDBG Technical Committee oversight). The City of Warren uses federal HOME funds to provide $3,500 in direct homebuyer (down payment and closing-cost) assistance to low-, moderate- and middle-income households purchasing City-owned properties. The assistance is a forgivable second-mortgage loan, fully forgiven five years after closing if the buyer remains compliant. Buyers must use a 30-year fixed-rate mortgage and contribute at least $1,000 of their own funds. $3,500 forgivable loan covering half of the required down payment plus up to $2,500 in closing costs. Ang pondo ay mula sa Federal HOME Investment Partnerships funds (City of Warren HOME revolving fund).

Nag-aalok ang City of Warren Direct Homebuyer Assistance Program (HOME) ng tulong na hanggang $3,500. Ambag ng bibili ng bahay: Homebuyer must provide at least $1,000 of their own funds toward down payment and closing costs; home inspection and homeowner's insurance costs do not count toward the $1,000. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang City of Warren Community Development Department (CDBG Technical Committee oversight) ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang City of Warren Direct Homebuyer Assistance Program (HOME) pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Due if, during the 5-year affordability period, the property is sold, ceases to be the principal residence, is not maintained in reasonable condition, property taxes go unpaid, payments on other property-secured loans are missed, or the property is not kept insured. 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 City of Warren Direct Homebuyer Assistance Program (HOME) 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": Recipients must not currently own a home. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Michigan State University Extension - Macomb Office (MSUE); all adult household members must attend 8 hours of homebuyer counseling, offered free. Requirement sa paninirahan: Must purchase a City-owned property located in the City of Warren. Citizenship o katayuan sa imigrasyon: All household members must be U.S. citizens or non-citizens with eligible immigration status. Only fully amortizing, fixed-rate 30-year mortgages allowed (no interest-only, balloon, ARM, no-doc or stated-income loans); housing DTI ratio max 31% and total DTI max 45%; taxes and insurance must be escrowed; participating lenders must apply and be approved by the City's Community Development Technical Committee; closing-cost caps per Appendix A apply; income-limit table in published PDF is dated April 2018 (HUD updates annually);.

Nililimitahan ng City of Warren Direct Homebuyer Assistance Program (HOME) ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Annual gross household income at or below 80% of area median income, adjusted for household size, as determined by HUD (income-limit schedule updated annually; published PDF reflects April 2018 HUD limits). 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.

Magagamit ang City of Warren Direct Homebuyer Assistance Program (HOME) para sa Single Family. Kwalipikado ang bagong gawang bahay.

Pinaglilingkuran ng City of Warren Direct Homebuyer Assistance Program (HOME) ang mga bibili ng bahay sa Warren, Michigan.

Dumadaan sa City of Warren Community Development Department (CDBG Technical Committee oversight) ang mga aplikasyon para sa City of Warren Direct Homebuyer Assistance Program (HOME), na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Expression of Interest form plus lender pre-approval submitted via listing agent; City Council must approve sale of the City-owned property by resolution. 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.