Burnsville Down Payment Assistance Deferred Loan

Ang Burnsville Down Payment Assistance Deferred Loan ay isang ipinagpalibang pangalawang loan para sa mga bibili ng bahay sa Burnsville, Minnesota, na pinangangasiwaan ng Center for Energy and Environment (CEE), on behalf of the City of Burnsville / Burnsville Economic Development Authority. The City of Burnsville, through CEE, offers a down payment and closing cost assistance deferred loan to homebuyers purchasing in Burnsville. The loan is up to 10% of the purchase price at 0.25% APR, deferred for 30 years with no monthly payments. If the borrower still owns and occupies the home at 30 years, the loan is fully forgiven; otherwise 100% is due upon sale, transfer, or vacancy. Borrowers must contribute at least 1% of their own funds and meet 80% AMI income limits. 0.25% APR. Up to 10% of purchase price. 30-year deferred, no monthly payments. 100% forgiven at 30 years if owner-occupied. No prepayment penalty. Ang pondo ay mula sa Burnsville Local Affordable Housing Aid (LAHA, MN Statute 477A.35); set-up and origination funded by EDA levy funds.

Nag-aalok ang Burnsville Down Payment Assistance Deferred Loan ng tulong na hanggang $41,000. Ambag ng bibili ng bahay: Borrower(s) must contribute at least 1% of the purchase price toward down payment or closing costs using their own funds (excludes seller contributions). Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang Center for Energy and Environment (CEE), on behalf of the City of Burnsville / Burnsville Economic Development Authority ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang Burnsville Down Payment Assistance Deferred Loan pagkalipas ng 30 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Loan is 100% due and payable upon sale, transfer of title, or when the property is no longer occupied by the borrower prior to 30 years; if still owned and occupied at 30 years the loan is 100% forgiven. Nakatala ang tulong bilang lien sa posisyong second 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 Burnsville Down Payment Assistance Deferred Loan sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Tungkol sa credit, sinasabi ng programa: No minimum credit score stated. No outstanding judgments/collections; bankruptcy discharged 18+ months prior; foreclosure redemption 18+ months prior; generally no more than two 60-day late payments without explanation; no defaulted government loans. Requirement sa paninirahan: Property must be located within the City of Burnsville; borrower(s) must be a legal resident. Citizenship o katayuan sa imigrasyon: Borrower(s) must be a legal resident; non-legal residents are ineligible. Signed purchase agreement required; apply 4+ weeks before closing. Funds subject to availability. Purchase price cap $410,000. Borrower must contribute 1% of own funds. Funded by Burnsville Local Affordable Housing Aid; verified ACTIVE on official CEE page as of June 2026. 4-person income figure derived from HUD MSA limits, not printed on program PDF; max loan ($41,000) computed as 10% of the $410,000 price cap.

Nililimitahan ng Burnsville Down Payment Assistance Deferred Loan ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Borrower(s) may not exceed 80% AMI for the Minneapolis-St. Paul-Bloomington MSA, by household size and adjusted gross income. Program PDF references HUD limits by household size rather than printing a table; 4-person 80% AMI figure ($105,200) derived from HUD/Met Council FY2026 limits, not printed on the program PDF. 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 Burnsville Down Payment Assistance Deferred Loan ang presyo ng pagbili sa $410,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single Family, Condo, Townhome, at 2-4 Unit.

Pinaglilingkuran ng Burnsville Down Payment Assistance Deferred Loan ang mga bibili ng bahay sa Burnsville, Minnesota. Mga target na kapitbahayan: City of Burnsville (citywide).

Dumadaan sa Center for Energy and Environment (CEE), on behalf of the City of Burnsville / Burnsville Economic Development Authority ang mga aplikasyon para sa Burnsville Down Payment Assistance Deferred Loan, 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 as applicants qualify; signed and executed purchase agreement required; application must be submitted at least four weeks prior to 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.