Down Payment Assistance

Down Payment Assistance是面向Lake县，Illinois购房者的可免除贷款。 Community Partners for Affordable Housing (CPAH), the HUD-certified housing counseling agency serving Lake County, Illinois, administers the Lake County Down Payment Assistance Program. Funded primarily through HUD HOME funds via Lake County Community Development. Provides up to $13,999 as a 0% interest forgivable 5-year second mortgage to first-time (3-year non-ownership) homebuyers purchasing 1-unit primary residences in Lake County. Loan forgives 1/60th per month; fully forgiven after 5 years. Up to $13,999 in down payment, closing-cost, and/or interest-rate-buydown assistance for qualified Lake County, Illinois homebuyers. Structured as a 0% interest forgivable second mortgage with NO monthly payments. The loan is forgiven on a 1/60th-per-month basis - if the borrower remains in the home as primary residence for 5 years (60 months), the entire loan is fully forgiven. Sale, refinance, or non-occupancy before the 5-year term triggers a prorated payback of the unforgiven balance. 资金来自Federal、HOME、Local和Nonprofit。

Down Payment Assistance提供最高$13,999的援助。 购房者自付部分：Borrower must contribute $1,000 or 1% of purchase price (whichever is greater) of own funds。 该项目可与其他援助结合使用，但须遵守各项目的规定。 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管理该项目的机构决定。

Down Payment Assistance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：Forgiven 1/60th monthly over 5 years和prorated unforgiven balance due if home is sold, refinanced with cash-out, transferred, or no longer borrower's primary residence before the 5-year term ends。 该援助以2nd Lien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。

Down Payment Assistance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：Displaced homemakers and single parents who previously only owned a home with a former spouse may qualify。 关于信用，该项目说明：Per CPAH and primary lender underwriting requirements。 须参加购房者教育课程，由CPAH HUD-approved in-person homebuyer education class plus one-on-one housing counseling (both required as conditions of DAP funding).提供。 居住要求：Property must be in Lake County, Illinois and used as borrower's primary residence。 公民身份或移民身份：U.S. citizen or qualifying non-citizen with eligible immigration status (per HOME rule 24 CFR 92.205)。 Must NOT have owned a home in the past 3 years (displaced homemaker / single parent who only owned with former spouse exceptions apply). Property must be a 1-unit single-family home located in Lake County, Illinois with a maximum purchase price/value at or below CPAH's published cap (currently ~$304,950 - verify with CPAH; HUD's HOME 95% median for Lake County may be higher). Borrower must contribute $1,000 or 1% of purchase price (whichever is greater) of own funds. Borrower must complete CPAH's in-person homebuyer education class AND individual counseling. Property must be occupied as primary residence.

Down Payment Assistance将家庭收入限制在$116,500。 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。

Down Payment Assistance将房价上限设为$304,950。 符合条件的房屋类型包括1-unit single-family home (detached, condo, townhouse where allowed)。 新建房屋符合条件。 预制房屋不符合条件。

Down Payment Assistance服务于在Lake县，Illinois购房的购房者。

Down Payment Assistance的申请通过管理该项目的机构办理，该机构在其网站上公布现行条款和申请步骤。 资金通过Application directly with CPAH after completion of homebuyer education and one-on-one counseling; subject to annual Lake County HOME/CDBG allocation.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。