Home-Buy the American Dream (HBAD)

Ang Home-Buy the American Dream (HBAD) ay isang shared-appreciation loan para sa mga bibili ng bahay sa Madison, Wisconsin, na pinangangasiwaan ng City of Madison Community Development Division (Department of Planning & Community & Economic Development). Down payment and closing cost assistance for low-to-moderate income first-time homebuyers purchasing a single-family home, condominium, or one-half of a duplex located within the City of Madison. Up to $35,000 in deferred assistance with no interest or monthly payments; applications must be submitted by a participating first-mortgage lender. Deferred loan up to $35,000 (minimum $1,000) for down payment and closing costs; no interest, no monthly payments. Ang pondo ay mula sa State of Wisconsin DOA Division of Energy, Housing & Community Resources (DEHCR); federal HUD; City of Madison.

Nag-aalok ang Home-Buy the American Dream (HBAD) ng tulong mula $1,000 hanggang $35,000. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang City of Madison Community Development Division (Department of Planning & Community & Economic Development) ang nagpapasya sa anumang indibidwal na award.

Ang Home-Buy the American Dream (HBAD) ay isang shared-appreciation loan at binabayaran ayon sa mga tuntuning itinakda ng City of Madison Community Development Division (Department of Planning & Community & Economic Development). Kailangang bayaran kapag may Sale, cash-out refinance for purposes other than property improvements, transfer of the property, or when it ceases to be the borrower'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 Home-Buy the American Dream (HBAD) 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. Kailangan ang kurso sa homebuyer education. Property must be within the City of Madison (properties outside the city are no longer eligible as of May 1, 2023). Borrower must contribute 1% into the transaction. Maximum CLTV 105%. Maximum ratios 38%/55%; housing-to-income ratio below 25% is ineligible absent an exception. Borrower may not own other property at closing. Liquid assets after closing limited to <12 months PITI (exception possible for households without traditional retirement savings); minimum $50 cash reserves after closing. First mortgage must be at least a 30-year term and escrow taxes and insurance. HQS inspection ordered at City expense; pre-1978 homes also receive a Lead-Based Paint inspection. Repayment equals original loan amount OR original amount plus a proportional share of appreciation based on percentage of assistance, whichever is greater. Cannot be combined with other City-funded DPA (e.g., Movin' Out, Habitat). Funded by State of Wisconsin DEHCR, federal HUD, and the City of Madison.

Nililimitahan ng Home-Buy the American Dream (HBAD) ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. 2026 household income limits (subject to annual change): 1=$74,800; 2=$85,450; 3=$96,150; 4=$106,800; 5=$115,350; 6=$123,900; 7=$132,450; 8=$141,000. 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 Home-Buy the American Dream (HBAD) ang mga bibili ng bahay sa Madison, Wisconsin.

Dumadaan sa City of Madison Community Development Division (Department of Planning & Community & Economic Development) ang mga aplikasyon para sa Home-Buy the American Dream (HBAD), 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.