Brooklyn Park Down Payment Assistance Loan

Ang Brooklyn Park Down Payment Assistance Loan ay isang loan na mapapatawad para sa mga bibili ng bahay sa Brooklyn Park, Minnesota, na pinangangasiwaan ng Brooklyn Park Economic Development Authority (EDA); administered by Center for Energy and Environment (CEE). The City of Brooklyn Park EDA, through CEE, offers a 0% APR deferred forgivable loan for down payment and closing costs to first-time homebuyers purchasing a 1-4 unit owner-occupied home in Brooklyn Park. Amounts are up to $7,500 for those moving to Brooklyn Park and up to $10,000 for current residents, with no monthly payments. Fully forgiven after 10 years of continuous owner-occupancy. 0% APR. No monthly payments. Deferred 10-year loan, fully forgiven. For down payment and/or closing costs. Ang pondo ay mula sa City of Brooklyn Park Economic Development Authority (EDA).

Nag-aalok ang Brooklyn Park Down Payment Assistance Loan ng tulong na hanggang $10,000. Mga award tier: Up to $7,500 for borrowers moving to Brooklyn Park; up to $10,000 for current Brooklyn Park residents. Ambag ng bibili ng bahay: Borrower must contribute the lesser of $1,000 or 1% of the purchase price. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang Brooklyn Park Economic Development Authority (EDA); administered by Center for Energy and Environment (CEE) ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang Brooklyn Park Down Payment Assistance Loan pagkalipas ng 10 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may 100% due if property is sold, ownership transferred, or no longer primary residence within 10 years; also on refinance without consent or rental. Fully forgiven after 10 years of owner-occupancy. Nakatala ang tulong bilang lien sa posisyong Second (subordinate to senior/first mortgage). 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 Brooklyn Park Down Payment Assistance Loan 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 per HUD: no ownership interest in a principal residence within the last three years. Tungkol sa credit, sinasabi ng programa: Not specified by program; borrower must qualify for and meet first mortgage lender requirements. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Home Stretch workshop or HUD-approved counseling agency course; certificate dated within 12 months of closing (hocmn.org). Requirement sa paninirahan: Property within City of Brooklyn Park; loan tier depends on current residency. Citizenship o katayuan sa imigrasyon: All borrowers must be legal residents of the U.S. with a Social Security Number (citizens, permanent and non-permanent resident aliens). ITINs not acceptable; foreign nationals ineligible. Fully executed purchase agreement and application at least 4 weeks (28 days) before closing; DPA process completed within 28 days; HUD-approved homebuyer education certificate (within 12 months) for all borrowers; contribute lesser of $1,000 or 1% of purchase price; no cash to borrower; no more than 49% of residence used for trade/business.

Nililimitahan ng Brooklyn Park Down Payment Assistance Loan ang kita ng sambahayan sa 115% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. 115% of Area Median Income; income determined by Adjusted Gross Income from most recent tax return and household size. 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 Brooklyn Park Down Payment Assistance Loan ang presyo ng pagbili sa $515,200. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single Family, 2-4 Unit, Condo, at Townhouse. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Brooklyn Park Down Payment Assistance Loan ang mga bibili ng bahay sa Brooklyn Park, Minnesota.

Dumadaan sa Brooklyn Park Economic Development Authority (EDA); administered by Center for Energy and Environment (CEE) ang mga aplikasyon para sa Brooklyn Park Down Payment Assistance Loan, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng CEE issues Conditional Commitment within 10 business days; DPA process completed within 28 days; application at least 4 weeks before closing. 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.