Butler County Down Payment & Closing Cost Assistance Program

Ang Butler County Down Payment & Closing Cost Assistance Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Butler County, Ohio, na pinangangasiwaan ng Neighborhood Housing Services of Hamilton, Inc. (NHSH). The Butler County Down Payment & Closing Cost Assistance Program is administered by Neighborhood Housing Services of Hamilton, Inc. on behalf of the Butler County / City of Middletown HOME Consortium and provides eligible low-income homebuyers up to $7,500 (not to exceed 6% of the purchase price) toward down payment and eligible closing costs. The assistance is a 5-year non-amortizing forgivable loan secured by a subordinate mortgage held by Butler County, forgiven 20% per year. Properties must be located within the Butler County Entitlement/Consortium area, excluding the City of Hamilton, and households must be at or below 80% of area median income. Up to $7,500 in down payment and closing cost assistance. 5-year forgivable loan (20% forgiven per year). 0% interest, no monthly payments. Can cover 100% of reasonable closing costs. Can be applied toward FHA 3.5% down payment requirement. Ang pondo ay mula sa HUD HOME Investment Partnerships Program (Butler County / City of Middletown HOME Consortium - Butler County Entitlement).

Nag-aalok ang Butler County Down Payment & Closing Cost Assistance Program ng tulong mula $1,000 hanggang $7,500. Mga award tier: Part of NHSH consortium program with separate caps for City of Hamilton, City of Middletown, and Butler County ($7,500 not to exceed 6% of purchase price). Hinihiling ng programa na mag-ambag ang mga bibili ng bahay ng $500. Maaaring isama ang programa sa FHA, Conventional, and VA first mortgages; can be applied toward FHA 3.5% down payment requirement. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang Neighborhood Housing Services of Hamilton, Inc. (NHSH) ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang Butler County Down Payment & Closing Cost Assistance Program pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Sale, transfer, or failure to occupy as principal residence before end of 5-year term; remaining balance pro-rated and repaid (20% forgiven per year). Nakatala ang tulong bilang lien sa posisyong Subordinate (second) mortgage held by Butler County. 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 Butler County Down Payment & Closing Cost Assistance Program sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Tungkol sa credit, sinasabi ng programa: No published minimum credit score; all bankruptcies must be at least 2 years old from date of discharge. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng NHSH or any HUD-approved housing counseling agency; certificate valid 1 year. Requirement sa paninirahan: Property must be located within the Butler County Entitlement and Consortium area, excluding the City of Hamilton. Minimum $500 borrower contribution (cannot be gifted); 8 hours of pre/post-purchase counseling and a HUD-approved Homebuyer Education certificate required prior to closing; DTI may not exceed 43%; bankruptcies discharged at least 2 years; first mortgage fixed-rate fully amortizing with escrows; no cash back; HQS inspection and lead clearance required.

Nililimitahan ng Butler County Down Payment & Closing Cost Assistance Program ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Total household income at or below 80% of Butler County AMI per HUD HOME Program Income Limits (effective June 1, 2025). Income counted from all household members 18+ (excluding full-time students). 4-person 80% limit: $89,450. 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 Butler County Down Payment & Closing Cost Assistance Program ang presyo ng pagbili sa $277,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang Condo at Single Family. Kwalipikado ang bagong gawang bahay.

Pinaglilingkuran ng Butler County Down Payment & Closing Cost Assistance Program ang mga bibili ng bahay sa Butler County, Ohio.

Dumadaan sa Neighborhood Housing Services of Hamilton, Inc. (NHSH) ang mga aplikasyon para sa Butler County Down Payment & Closing Cost 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-serve; application packet submitted by lender to NHSH preferably no less than 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.