Homebuyer Assistance

Homebuyer Assistance是面向Romeoville，Illinois购房者的补助金。 The Village of Romeoville Homebuyer Assistance program is delivered through the multi-jurisdictional Monarch Assist Homeownership Program. Eligible first-time homebuyers purchasing a primary residence within Romeoville receive (a) a below-market fixed-rate first mortgage plus a non-repayable cash gift equal to 3% of the first-mortgage amount applied toward down payment and closing costs, and (b) an MCC providing an annual federal income tax credit equal to 25% of mortgage interest paid (capped at $2,000/year) for the life of the loan. The program is funded through tax-exempt mortgage revenue bonds and IRS MCC authority. Two-pronged homeownership benefits via the Monarch Assist Homeownership Program (sponsored by the Village of Romeoville and partner Illinois communities): (1) below-market fixed-rate first-mortgage loan plus a non-repayable cash gift equal to 3% of the first mortgage amount that may be used for down payment and closing costs. and (2) federal Mortgage Credit Certificate (MCC) entitling the borrower to an annual federal income tax credit equal to 25% of the mortgage interest paid (capped at $2,000/year) for the life of the loan. 640 minimum FICO per Assist program guidance. 资金来自State Tax-Exempt Bonds、Federal MCC和Local Government。

Homebuyer Assistance属于补助金，因此无需偿还。 触发还款的情形：3% cash gift is non-repayable (not a loan)和MCC tax credit continues for the life of the loan as long as the property remains the borrower's primary residence and the loan is not refinanced. Federal tax-credit recapture may apply if the property is sold within 9 years and certain income/gain thresholds are exceeded (IRS rules). 该援助以1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。

Homebuyer 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：First-time homebuyer = no homeownership in prior 3 years; targeted-area exception waives first-time-homebuyer rule per IRS targeted-area definitions. 关于信用，该项目说明：640 minimum (Monarch Assist guidance; first-mortgage product credit-score minimums also apply)。 须参加购房者教育课程，由HUD-approved housing counseling agency; pre-purchase homebuyer education required (Monarch Assist requirement).提供。 居住要求：Property must be located within the Village of Romeoville, IL, and serve as borrower's principal residence. 公民身份或移民身份：U.S. citizen or eligible non-citizen per first-mortgage product rules。 Applicant must not have owned a home in the prior 3 years (first-time-homebuyer rule, with exceptions per program). Household income within Monarch Assist non-targeted area limits ($112,100 1-2 persons / $128,915 3+ persons) or targeted-area limits ($134,520 1-2 persons / $156,940 3+ persons). Property must be a new or existing owner-occupied single-family home, townhome, or condominium within the Village of Romeoville and must serve as the borrower's principal residence (no refinances). Purchase price must be within Monarch Assist limits ($510,939 non-targeted / $624,481 targeted). Borrower must qualify for first-mortgage loan and use property as primary residence. 640 minimum FICO per Assist guidance.

Homebuyer Assistance将家庭收入限制在$156,940。 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。

Homebuyer Assistance将房价上限设为$624,481。 符合条件的房屋类型包括Single-family detached、Townhome和Condominium。 新建房屋符合条件。 预制房屋不符合条件。

Homebuyer Assistance服务于在Romeoville，Illinois购房的购房者。 该项目针对特定区域：Targeted area designations follow IRS Section 143(j) targeted-area definitions; higher purchase price and income limits apply in IRS-designated targeted census tracts within Romeoville.

Homebuyer 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Borrower contacts Monarch Assist program administrator (Angela Conover, 312-664-5656) and a participating lender; reservations made on a first-come, first-served basis via the Monarch Assist portal.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。