First Home First Loan (FHFL) Down Payment Assistance Program

Ang First Home First Loan (FHFL) Down Payment Assistance Program ay isang ipinagpalibang pangalawang loan para sa mga bibili ng bahay sa Summit County, Ohio, na pinangangasiwaan ng County of Summit Department of Community & Economic Development (with Community Building Partnership of Summit County). The County of Summit's First Home First Loan (FHFL) program assists eligible low-to-moderate-income first-time homebuyers residing within Summit County by providing a 3:1 match (up to $12,000) of the buyer's own contribution toward down payment and/or closing costs. Assistance is a 0% interest deferred second-mortgage loan due upon sale, transfer, or when the home stops being the primary residence. Residents buying in Akron, Barberton, or Cuyahoga Falls are ineligible because those cities run their own programs. Up to $12,000 in assistance. 0% interest. Deferred loan (no monthly payments). Covers down payment and/or closing costs. 3:1 match of buyer funds. Ang pondo ay mula sa HOME Investment Partnerships Program (HUD).

Nag-aalok ang First Home First Loan (FHFL) Down Payment Assistance Program ng tulong mula $1,500 hanggang $12,000. Hinihiling ng programa na mag-ambag ang mga bibili ng bahay ng $500. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang County of Summit Department of Community & Economic Development (with Community Building Partnership of Summit County) ang nagpapasya sa anumang indibidwal na award.

Ipinagpaliban ang First Home First Loan (FHFL) Down Payment Assistance Program, kaya walang bayarin hanggang maibenta o ma-refinance ang bahay, o mabayaran nang buo ang unang mortgage. Kailangang bayaran kapag may Due upon sale or transfer of the home, or when the home is no longer used as the applicant's primary residence. Nakatala ang tulong bilang lien sa posisyong second. 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 Home First Loan (FHFL) 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": Has not owned a home in the last 3 years; single parent/displaced homemaker who only owned with a former spouse; or someone who only owned a principal residence not on a permanent foundation. Tungkol sa credit, sinasabi ng programa: No stated minimum score; applicant must provide an initial credit report for applicant and co-applicant and meet lender underwriting. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng HUD-approved certified housing counseling course. Requirement sa paninirahan: Applicant must reside within the County of Summit corporate limits; home purchased must be in Summit County but NOT in Akron, Barberton, or Cuyahoga Falls (those cities run their own programs). Applicant must be a Summit County resident; 3:1 match means buyer contributes minimum $500 (to receive $1,500) up to $4,000 (to receive $12,000). Front-end DTI capped at 31% (PITI) and back-end at 43%. Annual owner-occupancy Occupancy Certificate signed each year. Closing handled by Community Building Partnership of Summit County. income_limit_amount (4-person 80% AMI dollar figure) not stated on page; HUD MSA assumed Akron based on county.

Nililimitahan ng First Home First Loan (FHFL) 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. Household income must be at or equal to 80% of Area Median Income as published annually by HUD; based on gross income of all household residents over age 18 and household size. 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 First Home First Loan (FHFL) Down Payment Assistance Program ang presyo ng pagbili sa $163,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang Condo, Single Family, at Townhouse. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng First Home First Loan (FHFL) Down Payment Assistance Program ang mga bibili ng bahay sa Summit County, Ohio.

Dumadaan sa County of Summit Department of Community & Economic Development (with Community Building Partnership of Summit County) ang mga aplikasyon para sa First Home First Loan (FHFL) 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 as funding is available; applications currently open. 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.