CDBG Target Area Down-payment Assistance

Ang CDBG Target Area Down-payment Assistance ay isang loan na mapapatawad para sa mga bibili ng bahay sa Florence, South Carolina. City of Florence Community Services CDBG-funded down-payment and closing-cost assistance for low- to moderate-income first-time homebuyers purchasing existing homes within the CDBG-designated target areas (North, Northwest, and East Florence). Assistance equals 20% of purchase price up to $20,000, structured as a 10-year deferred, forgivable second mortgage that requires the borrower to maintain the home as their primary residence for 10 years. Pro-rated repayment is owed if the home is sold or no longer owner-occupied within the 10-year affordability period. The City of Florence will provide 20% of the home purchase price (up to $20,000 maximum) toward down-payment and closing-cost assistance for eligible buyers purchasing within the CDBG-designated target areas of North, Northwest, and East Florence. Assistance is structured as a 10-year deferred, forgivable second mortgage on the property. No monthly payments. Fully forgiven at the 10-year anniversary if owner-occupancy is maintained. CDBG-funded. Ang pondo ay mula sa Community Development Block Grant (CDBG); HUD Federal entitlement allocation to City of Florence.

Nagbibigay ang CDBG Target Area Down-payment Assistance ng tulong na katumbas ng 20% ng presyo ng pagbili, ayon sa itinakda ng programa. Ambag ng bibili ng bahay: Buyer must provide at least $500 of their own funds toward the home purchase. Maaaring isama ang programa sa iba pang tulong, ayon sa mga patakaran ng bawat isa. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang ang ahensyang nangangasiwa ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang CDBG Target Area Down-payment Assistance pagkalipas ng 10 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Sale of home, transfer of title, or failure to maintain the property as primary residence within the 10-year term triggers pro-rated repayment of the unforgiven balance to the City. After 10 years the lien is released. Nakatala ang tulong bilang lien sa posisyong 2. 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 CDBG Target Area Down-payment Assistance sa mga unang beses na bibili ng bahay at mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Ang "unang beses na bibili ng bahay" ay karaniwang nangangahulugang hindi nagmay-ari ng bahay sa nakaraang tatlong taon, pero ang programa ang nagtatakda ng sarili nitong kahulugan. Tungkol sa credit, sinasabi ng programa: No published minimum FICO; lender underwriting standards apply. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Buyer must complete a homebuyer education class. Greater Florence Habitat for Humanity also offers homebuyer education. Requirement sa paninirahan: Property must be located in the CDBG target areas of North, Northwest, or East Florence. Funds available on a first-come, first-served basis. $25 nonrefundable application fee. Buyer must complete homebuyer education class. Buyer must meet income eligibility (all income sources counted). Home must pass inspection by City and/or state prior to closing. Buyer must be approved by a bank or mortgage lender. Property must be located in the CDBG target areas of North, Northwest, or East Florence. Buyer must contribute at least $500 of own funds toward the home purchase. The City reserves the right to amend, alter, or change the program.

Nililimitahan ng CDBG Target Area Down-payment Assistance 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 within the City of Florence eligible range, approximately 80% AMI for Florence, SC: 1p $39,350; 2p $44,950; 3p $50,550; 4p $56,150; 5p $60,650; 6p $65,150; 7p $69,650; 8p $74,200. All income sources are identified and counted. 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 CDBG Target Area Down-payment Assistance ang presyo ng pagbili: Not separately published; assistance is capped at 20% of purchase price up to $20,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family residential dwelling intended for owner-occupancy in target area. Hindi kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng CDBG Target Area Down-payment Assistance ang mga bibili ng bahay sa Florence, South Carolina. Tinutukoy ng programa ang mga partikular na lugar: CDBG-designated target areas of North Florence, Northwest Florence, and East Florence within the City of Florence corporate limits.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa CDBG Target Area Down-payment Assistance, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Applications submitted to City of Florence Community Services on a first-come, first-served basis; $25 nonrefundable application fee. 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.