HOME Buyer Down Payment Assistance Program

HOME Buyer Down Payment Assistance Program是面向Decatur，Illinois购房者的可免除贷款，由City of Decatur, Economic and Community Development Department, Neighborhood Revitalization Division管理。 The City of Decatur's HOME Buyer Down Payment Assistance Program provides up to $14,999 in down payment and closing cost assistance to low- and moderate-income homebuyers purchasing a single-family detached home within the City of Decatur corporate limits. Assistance is a 0 percent interest, five-year deferred forgivable loan secured by a second mortgage, forgiven in full after the owner occupies the home as a principal residence for 60 months. The program is funded through the federal HOME Investment Partnerships Program. Applicants must secure first-mortgage financing from a participating lender, complete HUD-certified counseling, and attend a residential property maintenance class. Up to $14,999 toward down payment and closing costs. 0 percent interest, no monthly payments. Forgiven in full after 5 years of owner-occupancy. Repaid only from net sale proceeds on a covered sale (excess forgiven). No prepayment penalty. 资金来自Federal HOME Investment Partnerships Program; the division also administers CDBG.

HOME Buyer Down Payment Assistance Program提供最高$14,999的援助。 购房者自付部分：Applicant must provide a minimum 2 percent down payment (earnest) from their own funds (no gifts, loans, or grants) and demonstrate at least $1,000 toward down payment, insurance, and other costs. 金额是该项目公布的上限，并非报价——具体每人的援助金额由City of Decatur, Economic and Community Development Department, Neighborhood Revitalization Division决定。

HOME Buyer Down Payment Assistance Program在5年后免除，因此住满这段时间的购房者无需偿还。 触发还款的情形：Repayment of the unforgiven portion is triggered within the 5-year recapture period by sale/transfer for consideration; the home ceasing to be the principal residence or conversion to rental; refinancing other than a permitted refinancing; or default. The loan is forgiven in full after 60 months of owner-occupancy. 该援助以Second顺位留置权登记。 免除和还款条款由项目设定，并可能变化——申请前请在项目官方网页上确认。

HOME Buyer Down Payment Assistance Program面向首次购房者和将房屋作为主要住所自住的购房者。 此处的“首次”有例外情况：First-time homebuyer defined as no ownership interest in a principal residence during the 3 years prior to application; displaced homemakers are exempt from the waiting period. 须参加购房者教育课程，由HUD-certified housing counseling agency (e.g., Community Investment Corporation of Decatur); must also attend a residential property maintenance class.提供。 居住要求：Property must be within the City of Decatur corporate limits. Retirement assets (IRA/401K) excluded from the $50,000 asset limit but cannot exceed $75,000. Maximum front-end housing ratio 30 percent; back-end ratio 42 percent. Three years of signed federal income tax returns required for each borrower and all occupants 18-plus. City of Decatur named additional insured on title and hazard insurance. Applicant cannot owe the City any fines, fees, or taxes. Subordination permitted only once during the affordability period for a rate-and-term refinance (rate at least 1 percent lower; no cash-out). GAP: minimum credit score not stated. GAP: annual funding cap not stated. GAP: exact per-applicant amount not stated (need-based). GAP: required mortgage term not specified. GAP: the manual income table is labeled FY2024 while the 2025-2026 flyer publishes higher limits (4-person $73,300, used here).

HOME Buyer Down Payment Assistance Program将家庭收入限制在地区收入中位数的80%，该数值因县和家庭人数而异。 Household income at or below 80 percent of HUD area median income, by household size. FY2025-2026 limits: 1 $51,350; 2 $58,650; 3 $66,000; 4 $73,300; 5 $79,200; 6 $85,050; 7 $90,900; 8 $96,800. Income includes all adults 18-plus who will live in the home. 该限制适用于家庭总收入，而不仅是借款人的收入。 地区收入中位数由HUD公布并每年更新，因此在依据某个数字之前，请查看该县的最新表格。

HOME Buyer Down Payment Assistance Program将房价上限设为$120,000。 符合条件的房屋类型包括Single Family。 新建房屋不符合条件。 预制房屋不符合条件。

HOME Buyer Down Payment Assistance Program服务于在Decatur，Illinois购房的购房者。

HOME Buyer Down Payment Assistance Program的申请通过City of Decatur, Economic and Community Development Department, Neighborhood Revitalization Division办理，该机构在其网站上公布现行条款和申请步骤。 资金通过Funds are limited; not allocated or reserved until all required documentation is satisfied and an environmental review is completed.预留。 Hey Prescott不是贷款机构，也不受理申请；本页介绍该项目，方便购房者向贷款机构或住房咨询师咨询。