Town of Babylon HOME Down Payment Assistance Program

Ang Town of Babylon HOME Down Payment Assistance Program ay isang ipinagpalibang pangalawang loan para sa mga bibili ng bahay sa Babylon, New York, na pinangangasiwaan ng Long Island Housing Partnership, Inc. (LIHP), as agent for the Town of Babylon Community Development. The Town of Babylon HOME Down Payment Assistance Program, administered by the Long Island Housing Partnership, provides eligible first-time homebuyers up to $50,000 toward down payment and closing costs for an owner-occupied single-family home within the Town of Babylon. The assistance is a 0% deferred HOME loan, secured by a Note & Mortgage subordinate to the prime lender, forgiven after a 10-year affordability period and repaid in full if the owner sells, transfers, or stops occupying the home during that period. Can be paired with a NYS AHC grant of up to $40,000. Up to $50,000 0% deferred loan forgiven after 10 years. Stackable with up to $40,000 NYS AHC down payment/rehab assistance. Ang pondo ay mula sa HUD HOME Investment Partnerships Program (Town of Babylon).

Nag-aalok ang Town of Babylon HOME Down Payment Assistance Program ng tulong na hanggang $50,000. Ambag ng bibili ng bahay: At least $3,000 in verifiable liquid assets at application AND at least 3% of purchase price down from own funds. No seller concessions. Maaaring isama ang programa sa NYS AHC grant (up to $40,000: $15,000 DP + $23,000 rehab + $2,000 fee), forgivable after 10 years, for non-new-construction homes needing rehab. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang Long Island Housing Partnership, Inc. (LIHP), as agent for the Town of Babylon Community Development ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang Town of Babylon HOME Down Payment Assistance Program pagkalipas ng 10 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may 0% deferred loan forgiven after 10 years; full recapture if owner sells, transfers, ceases primary occupancy, or rents during the 10-year period. Nakatala ang tulong bilang lien sa posisyong Subordinate (second), subordinate to the prime lender. 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 Town of Babylon HOME Down Payment Assistance 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": May own vacant land or a vacation timeshare if no mortgage-interest/property-tax deductions in the prior 3 years. Tungkol sa credit, sinasabi ng programa: Middle credit score of all borrowers must be at least 580. Good 12-month payment history; no outstanding collections/judgments; bankruptcy discharged 3+ years; foreclosure 3-5+ years old. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Long Island Housing Partnership (HUD-certified); free ~2-hour pre-purchase counseling required. Requirement sa paninirahan: Home within the Town of Babylon (Amityville, North Amityville, Babylon, Copiague, Deer Park, Lindenhurst, North Babylon, West Babylon, Wheatley Heights, Wyandanch, East Farmingdale); principal residence for the 10-year period. Citizenship o katayuan sa imigrasyon: Each applicant must be a U.S. Citizen or a Qualified Alien (8 USC 1641). Recurring annual program; 2026 application round closes May 26, 2026 (between rounds at present). $35 application fee; LIHP counseling; HQS inspection; no seller concessions; fixed-rate 30-year first mortgage capped at SONYMA ATD rate + 2 points; 2-year employment and U.S. citizen/qualified-alien requirement.

Nililimitahan ng Town of Babylon HOME Down Payment Assistance Program ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Maximum gross annual household income (2026, size 1-8): $92,350 / $105,550 / $118,750 / $131,900 / $142,500 / $153,050 / $163,600 / $174,150. 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 Town of Babylon HOME Down Payment Assistance Program ang presyo ng pagbili sa $599,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single Family, Townhouse, Condo, Co-op, at Manufactured. Kwalipikado ang bagong gawang bahay. Kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Town of Babylon HOME Down Payment Assistance Program ang mga bibili ng bahay sa Babylon, New York. Tinutukoy ng programa ang mga partikular na lugar: Town of Babylon hamlets/villages: Amityville, North Amityville, Babylon, Copiague, Deer Park, Lindenhurst, North Babylon, West Babylon, Wheatley Heights, Wyandanch, East Farmingdale.

Dumadaan sa Long Island Housing Partnership, Inc. (LIHP), as agent for the Town of Babylon Community Development ang mga aplikasyon para sa Town of Babylon HOME Down Payment Assistance Program, 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; Purchaser Certificates issued until 75 eligible applicants or deadline (May 26, 2026 for 2026 round). 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.