City of Suffolk HOME Downpayment and Closing Cost Assistance Program

Ang City of Suffolk HOME Downpayment and Closing Cost Assistance Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Suffolk, Virginia, na pinangangasiwaan ng Suffolk Redevelopment and Housing Authority (in partnership with the City of Suffolk). The Suffolk Redevelopment and Housing Authority, in partnership with the City of Suffolk, provides down payment and closing cost assistance to first-time homebuyers purchasing a primary residence in Suffolk. Eligible buyers (income at or below 80% AMI, no homeownership in the prior three years) may receive up to $14,500 as a 0% amortized forgivable loan secured by a deed of trust; 20% is forgiven each year and the balance is fully forgiven after five years. Buyers complete the Virginia Housing First-Time Homebuyers Class in person, attend two one-on-one counseling sessions, and contribute at least 1% of the sales price ($500 minimum). Up to $14,500 in down payment and closing cost assistance. 0% interest, no monthly payments. 20% forgiven each year, fully forgiven after 5 years. No prepayment penalty. Works alongside a standard first mortgage. Ang pondo ay mula sa HUD HOME Investment Partnerships Program funds (City of Suffolk / Western Tidewater HOME Consortium).

Nag-aalok ang City of Suffolk HOME Downpayment and Closing Cost Assistance Program ng tulong na hanggang $14,500. Ambag ng bibili ng bahay: Buyer must contribute at least 1% of the sales price, with a $500 minimum. Maaaring isama ang programa sa May be paired with a first mortgage; buyer completes Virginia Housing homebuyer education. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang Suffolk Redevelopment and Housing Authority (in partnership with the City of Suffolk) ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang City of Suffolk HOME Downpayment and 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, lease, conveyance, title transfer, or death of the qualifying person within the 5-year affordability period; remaining unforgiven balance is recaptured. Nakatala ang tulong bilang lien sa posisyong Subordinate (deed of trust and promissory note behind first mortgage). 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 Suffolk HOME Downpayment and Closing Cost 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": Must not have owned a home in the last three years (HUD first-time homebuyer definition). Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Virginia Housing First-Time Homebuyers Class (in person, signed certificate) plus at least two one-on-one sessions with a HUD-certified housing counselor through SRHA. Requirement sa paninirahan: Property must be located in the City of Suffolk, VA. First-time homebuyer (no homeownership in last 3 years). Income at or below 80% AMI. Must complete VHDA First-Time Homebuyers Class in person and attend 2 one-on-one HUD-certified counseling sessions. Buyer contributes at least 1% of sales price ($500 min). Buyer must NOT have ratified a sales contract prior to the eligibility notice. Property in Suffolk, primary residence, must pass HQS inspection and be lead-safe. Required docs: 60 days pay stubs; benefit/pension verification; child-support/divorce records; income statements. Promissory note, deed of trust, and homebuyers agreement signed. Printed brochure available by contacting SRHA.

Nililimitahan ng City of Suffolk HOME Downpayment and 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. Household income cannot exceed 80% of Area Median Income. 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.

Magagamit ang City of Suffolk HOME Downpayment and Closing Cost Assistance Program para sa Single Family, Townhouse, at Manufactured. Kwalipikado ang bagong gawang bahay. Kwalipikado ang mga manufactured home.

Pinaglilingkuran ng City of Suffolk HOME Downpayment and Closing Cost Assistance Program ang mga bibili ng bahay sa Suffolk, Virginia.

Dumadaan sa Suffolk Redevelopment and Housing Authority (in partnership with the City of Suffolk) ang mga aplikasyon para sa City of Suffolk HOME Downpayment and Closing Cost Assistance Program, 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.