First-Time Home Ownership Program

Ang First-Time Home Ownership Program ay isang ipinagpalibang pangalawang loan para sa mga bibili ng bahay sa Lockport, New York. The City of Lockport's First-Time Home Ownership Program, administered by the Department of Community Development, provides up to $15,000 in down payment, closing cost, and minor rehabilitation assistance to income-qualified first-time buyers purchasing a 1-2 family primary residence within the City of Lockport. Funded by HUD HOME and CDBG, the assistance is structured as a 0% interest deferred forgivable second mortgage with pro-rata forgiveness over a 5-year affordability period. Up to $15,000 in down payment, closing cost, and minor rehabilitation assistance for income-qualified first-time buyers purchasing a primary residence within the City of Lockport. Funded with HUD HOME / CDBG. provided as a 0% interest deferred forgivable second mortgage over a 5-year affordability period. Ang pondo ay mula sa HOME, CDBG, Federal, at Local Government.

Pinapatawad ang First-Time Home Ownership Program 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 First-Time Home Ownership Program 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: No fixed minimum published; per first-mortgage product (typically 620+ conventional, 580+ FHA). Kailangan ang kurso sa homebuyer education, sa pamamagitan ng NeighborWorks Buffalo / NeighborWorks WNY; Belmont Housing Resources for WNY (HUD-approved). Requirement sa paninirahan: Property must be located within the City of Lockport 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 the City of Lockport and used as principal residence. Maximum purchase price $221,000 (existing) to $314,000 (new construction) per HUD HOME 95% median-value rule. Income at or below 80% AMI for Buffalo-Niagara MSA: 1-person ~$54,250 to 4-person ~$102,300 (HUD FY2025). Buyer must complete HUD-approved homebuyer education. Property must pass HQS inspection and meet HUD HOME/lead-paint standards. 0% interest deferred second mortgage forgivable pro-rata over 5 years; due in full if borrower sells, transfers, refinances with cash-out, rents, or vacates within 5 years.

Nililimitahan ng First-Time Home Ownership Program ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Household income at or below 80% HUD AMI for Buffalo-Cheektowaga-Niagara MSA: 1-person ~$54,250 to 4-person ~$102,300 (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.

Nililimitahan ng First-Time Home Ownership Program ang presyo ng pagbili sa $314,000. 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 First-Time Home Ownership Program ang mga bibili ng bahay sa Lockport, New York.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa First-Time Home Ownership Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Apply via City of Lockport Department of Community Development after executing purchase contract; 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.