FHLBank Boston Housing Our Workforce (HOW)

Ang FHLBank Boston Housing Our Workforce (HOW) ay isang loan na mapapatawad para sa mga bibili ng bahay sa Rhode Island, na pinangangasiwaan ng Federal Home Loan Bank of Boston (via participating member financial institutions). Down payment and closing cost grant assistance offered through FHLBank Boston member institutions to homebuyers in New England (including Rhode Island) earning more than 80% and up to 120% of AMI. Grants are made to eligible borrowers when they close on a mortgage with a participating member; homebuyers cannot apply directly to FHLBank Boston. For 2026, grants of up to $25,000 for down payment and closing cost assistance. Forgivable after five years from the closing date. Ang pondo ay mula sa FHLBank Boston (homeownership set-aside funds).

Nag-aalok ang FHLBank Boston Housing Our Workforce (HOW) ng tulong na hanggang $25,000. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang Federal Home Loan Bank of Boston (via participating member financial institutions) ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang FHLBank Boston Housing Our Workforce (HOW) pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Pro-rated repayment if the property is sold, transferred, or refinanced within five years of closing (only when calculated repayment exceeds $2,500); refinances may be subordinated at FHLBank Boston discretion. 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 FHLBank Boston Housing Our Workforce (HOW) sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Homebuyer income must be more than 80% and up to 120% of AMI (households at or below 80% AMI are instead directed to EBP). Maximum asset cap of $150,000 (includes deposits and cash to close). Owner-occupied primary residence only; any current primary residence must be sold prior to purchase (cannot convert to investment property). Homebuyer must contribute $2,000 of own funds (not a gift or gift of equity), evidenced on the P&S agreement. A signed offer/P&S with property address is required at enrollment; first-come, first-served. Repayment is pro-rated and due only if home is sold/transferred/refinanced within 5 years and only if the repayment amount exceeds $2,500.

Nililimitahan ng FHLBank Boston Housing Our Workforce (HOW) ang kita ng sambahayan sa 120% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Income more than 80% and up to 120% of AMI (AMI derived from the specific state/city/town); maximum asset cap of $150,000. 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.

Pinaglilingkuran ng FHLBank Boston Housing Our Workforce (HOW) ang mga bibili ng bahay kahit saan sa Rhode Island.

Dumadaan sa Federal Home Loan Bank of Boston (via participating member financial institutions) ang mga aplikasyon para sa FHLBank Boston Housing Our Workforce (HOW), na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. 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.