City of Johnstown First Time Homebuyer Program

Ang City of Johnstown First Time Homebuyer Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Johnstown, Pennsylvania, na pinangangasiwaan ng City of Johnstown, Department of Community and Economic Development (Office of Residential Development). The City of Johnstown First Time Homebuyer Program helps low- and moderate-income first-time buyers purchase and rehabilitate an existing single-family home within Johnstown City limits. It combines a partner-lender first mortgage at one point below prime (capped at 80% of appraised value) with a City deferred 0% second mortgage of up to $22,000 for repairs (10-year forgivable) and up to $3,000 in closing-cost assistance (5-year forgivable), plus a 10% contingency fund for one year after closing. Funded through HUD HOME funds (Consolidated Plan activity HOME-25-12), targeting ~6 households in the current plan year. First mortgage at one point below prime. up to $22,000 deferred 0% rehab second mortgage, forgivable over 10 years. up to $3,000 closing-cost assistance, forgivable over 5 years. mandatory radon testing/mitigation paid by program. 10% contingency rehab fund. Ang pondo ay mula sa HUD HOME Investment Partnerships Program (FY2025-2029 Consolidated Plan activity HOME-25-12).

Nag-aalok ang City of Johnstown First Time Homebuyer Program ng tulong na hanggang $25,000. Mga award tier: Two components: (1) City deferred 0% second-mortgage rehab loan up to $22,000, 10-year forgiveness; (2) closing-cost loan up to $3,000, 0%, 5-year forgiveness. Contingency fund of 10% of the original loan available one year after closing. Ambag ng bibili ng bahay: Minimum 3%-5% down payment depending on lender requirements. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang City of Johnstown, Department of Community and Economic Development (Office of Residential Development) ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang City of Johnstown First Time Homebuyer Program pagkalipas ng 10 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Sale/transfer before the lien term, vacating the property, or failure to maintain it. Rehab second mortgage has a 10-year lien term; closing-cost loan has a 5-year lien term; full amount due at closing of sale if sold before term. 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 City of Johnstown First Time Homebuyer 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": Must not have owned residential real estate in the previous 3 years. Tungkol sa credit, sinasabi ng programa: Must meet the lender's creditworthiness standards; participating banks require at least a 650 credit score. Requirement sa paninirahan: Property must be located within the Johnstown City limits. No residential ownership in the previous 3 years; must own/occupy/maintain 10 years; 3%-5% down payment; participating banks require 650+ credit; income within HUD Section 8 limits for the Johnstown MSA; existing single-family home in City limits passing City inspection plus lead-based paint risk assessment; radon testing/mitigation mandatory; all utilities on; no Sheriff Sale homes; must use a participating partner lender. Funding confirmed via FY2025-2029 Consolidated Plan Substantial Amendment #1 (HOME-25-12, $138,067.31).

Nililimitahan ng City of Johnstown First Time Homebuyer 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 not exceed HUD Section 8 income limits for the Johnstown MSA. FY2025 max by size: 1=$47,250; 2=$54,000; 3=$60,750; 4=$67,500; 5=$72,900; 6=$78,300; 7=$83,700; 8=$89,100 (~80% AMI). 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 City of Johnstown First Time Homebuyer Program ang presyo ng pagbili: No stated maximum; partner-lender first mortgage limited to 80% of appraised value, City rehab second mortgage capped at $22,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single Family. Hindi kwalipikado ang bagong gawang bahay.

Pinaglilingkuran ng City of Johnstown First Time Homebuyer Program ang mga bibili ng bahay sa Johnstown, Pennsylvania. Mga target na kapitbahayan: Citywide within Johnstown City limits.

Dumadaan sa City of Johnstown, Department of Community and Economic Development (Office of Residential Development) ang mga aplikasyon para sa City of Johnstown First Time Homebuyer Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Apply through the City Office of Residential Development; allow 45-60 days for 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.