Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium)

Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium)是面向Elgin，Illinois购房者的延期第二贷款，由Kane County Office of Community Reinvestment (Kane-Elgin HOME Consortium)管理。 Through the Kane-Elgin HOME Consortium, Kane County's Office of Community Reinvestment offers eligible first-time homebuyers a 0 percent deferred-payment second mortgage of up to $10,000 toward down payment and customary closing costs. The Program Area expressly includes all of the City of Elgin, including the portion in Cook County. The loan is not a grant or forgivable loan; the full amount is repaid out of net proceeds when the home is sold, title is transferred, or it ceases to be the borrower's primary residence (with a 5-year HUD affordability period). Applicants must be at or below 80 percent AMI, complete HUD-certified counseling, contribute at least 1 percent of the purchase price, and buy within the program area. Up to $10,000 in down payment and closing cost assistance. 0 percent interest. No monthly payments (deferred). Borrower chooses their own lender. Covers all of the City of Elgin including the Cook County portion. 资金来自Federal HOME Investment Partnerships Program (Kane-Elgin HOME Consortium).

Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium)提供最高$10,000的援助。 购房者自付部分：Applicant must contribute a minimum down payment of at least 1 percent of the purchase price from own funds (earnest money); lender may require more. 该项目可与An additional up to $10,000 is available if the home is within the city limits of St. Charles (not applicable to Elgin).结合使用。 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Kane County Office of Community Reinvestment (Kane-Elgin HOME Consortium)决定。

Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium)为延期还款，在房屋出售、再融资或第一抵押贷款还清之前无需付款。 触发还款的情形：Loan is due in full out of net proceeds when the home is sold, title is transferred, or the household no longer occupies the home as its primary residence. 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。

Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium)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 not having owned a home in the last 3 years. 须参加购房者教育课程，由HUD-certified housing counseling agency of buyer's choice with customized counseling (online/group courses alone do not qualify). Local agencies: The Neighbor Project (Aurora); Consumer Credit Counseling Service of Northern Illinois (Elgin); DuPage Homeownership Center (Wheaton).提供。 居住要求：Must currently live or work full-time in Kane County and the Kane-Elgin Consortium Area, and have done so for at least one year before the application date. Complete HUD-certified homebuyer counseling (customized; online/group-only courses do not qualify) before signing a purchase contract. A required Real Estate Sales Contract Rider must be signed and attached to the initial offer or the property is ineligible. Contract closing date must be 35-plus days from execution. Property must pass county general and visual lead inspections. No cash back to buyer; no other debt paid at closing. Front-end housing ratio 25-32 percent; back-end DTI cap 50 percent. Assistance amount may be reduced after asset/cash-reserve review. GAP: minimum credit score not stated (no credit-score requirement found). GAP: max liquid assets not a hard cap (reviewed case-by-case). GAP: annual funding cap / reservation system not published. GAP: HUD AMI year/MSA not stated; income limits dated effective 6/15/23. GAP: provider phone not listed on program docs (contact by email). Note: the City of Elgin does not run a separate standalone DPA program; its DPA is delivered through this Kane-Elgin HOME Consortium program.

Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium)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 (HUD-projected gross, adjusted for household size) must not exceed federal limits. Effective 6/15/23: 1 $61,800; 2 $70,600; 3 $79,450; 4 $88,250; 5 $95,350; 6 $102,400; 7 $109,450; 8-plus $116,050. Front-end housing ratio 25-32 percent; back-end ratio not exceeding 50 percent. 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。

Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium)将房价上限设为$287,000。 符合条件的房屋类型包括Single Family、Condo和Townhouse。 新建房屋符合条件。 预制房屋不符合条件。

Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium)服务于在Elgin，Illinois购房的购房者。 该项目针对特定区域：Kane-Elgin Consortium Area: all of Kane County except Aurora, Algonquin, Barrington Hills, Bartlett, Hampshire, Huntley, Hoffman Estates, Montgomery, and the DuPage portion of Wayne; plus all of the City of Elgin (including its Cook County portion), all of the Village of Maple Park, and all of the City of St. Charles.

Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium)的申请通过Kane County Office of Community Reinvestment (Kane-Elgin HOME Consortium)办理，该机构在其网站上公布现行条款和申请步骤。 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。