Down Payment & Closing Cost Plus (DPCC+)

Ang Down Payment & Closing Cost Plus (DPCC+) ay isang ipinagpalibang pangalawang loan para sa mga bibili ng bahay sa Buffalo, New York. The Down Payment & Closing Cost Plus (DPCC+) Program, administered by NeighborWorks Community Partners of Buffalo, provides up to $10,000 in down payment and closing cost assistance to income-qualified first-time buyers purchasing a 1-2 family primary residence in Erie or Niagara County. Funded with NeighborWorks America, Federal Home Loan Bank, and NYS HCR funds, the assistance is structured as a 0% interest deferred forgivable second-lien loan with pro-rata forgiveness over a 5-year affordability period. The program requires a minimum 620 FICO and completion of NW Buffalo's HUD-approved pre-purchase counseling. Up to $10,000 in down payment and closing cost assistance for income-qualified first-time buyers purchasing a primary residence in NeighborWorks Community Partners of Buffalo's service area (Erie and Niagara counties). Funded with NeighborWorks America, Federal Home Loan Bank, and NYS HCR funds. provided as a 0% interest deferred forgivable second-lien loan over a 5-year affordability period. Ang pondo ay mula sa NeighborWorks, FHLB, NYS HCR, Federal, at State.

Pinapatawad ang Down Payment & Closing Cost Plus (DPCC+) pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Pro-rata recapture of unforgiven balance if borrower sells, transfers, refinances with cash-out, rents, or vacates within 5 years. 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 Down Payment & Closing Cost Plus (DPCC+) 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; standard HUD exceptions for displaced homemakers and single parents apply. Tungkol sa credit, sinasabi ng programa: Minimum 620 FICO required by NW Buffalo underwriting. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng NeighborWorks Community Partners of Buffalo (HUD-approved); pre-purchase education and one-on-one counseling required. Requirement sa paninirahan: Property must be located within Erie or Niagara County and used as borrower's principal residence. Citizenship o katayuan sa imigrasyon: U.S. citizen or eligible non-citizen per HUD HOME and first-mortgage rules. First-time buyer required (no homeownership in past 3 years). Property must be a 1-2 family home located within Erie or Niagara County and used as principal residence. Minimum credit score 620. Income generally at or below 80%-100% AMI for Buffalo-Cheektowaga MSA: 1-person ~$46,800 to 4-person ~$124,450 (HUD FY2025; tiered by program funding source). Buyer must complete NW Buffalo's HUD-approved homebuyer education and one-on-one counseling. Property must pass HQS inspection. 0% interest deferred forgivable second-lien loan with pro-rata forgiveness over 5 years; due in full if borrower sells, transfers, refinances with cash-out, rents, or vacates within 5 years.

Nililimitahan ng Down Payment & Closing Cost Plus (DPCC+) ang kita ng sambahayan sa 100% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Household income at or below 80%-100% HUD AMI for Buffalo-Cheektowaga MSA: 1-person ~$46,800 to 4-person ~$124,450 (HUD FY2025). 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.

Ganito nililimitahan ng Down Payment & Closing Cost Plus (DPCC+) ang presyo ng pagbili: Per HUD / NeighborWorks / FHLB program guidelines for Buffalo MSA. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached at 2-family owner-occupied. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Down Payment & Closing Cost Plus (DPCC+) ang mga bibili ng bahay sa Buffalo, New York.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Down Payment & Closing Cost Plus (DPCC+), na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Apply via NW Buffalo after pre-purchase counseling completed and purchase contract executed; first-come, first-served subject to fund availability. 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.