Homebuyer Assistance Program

Homebuyer Assistance Program是面向Rockford，Illinois购房者的可免除贷款，由City of Rockford Community & Economic Development Department, Neighborhood Development Division管理。 The City of Rockford's Homebuyer Assistance Program, administered by the Neighborhood Development Division, provides up to $14,999 in assistance toward the purchase of a home for income-eligible buyers. Assistance is a zero-interest, 5-year forgivable mortgage loan, with the amount based on the applicant's income, debt, and anticipated mortgage. The program is funded by HUD through the HOME Investment Partnerships Program, so availability depends on current funding. Buyers must occupy the home as their primary residence through the end of the forgivable loan term. Up to $14,999 in homebuyer assistance. Zero-interest forgivable loan (forgiven over 5 years). No repayment if owner-occupancy is maintained through the term. Stackable with participating-lender first mortgages and possible FHLB Chicago assistance. 资金来自HUD HOME Investment Partnerships Program (and CDBG housing activities).

Homebuyer Assistance Program提供最高$14,999的援助。 购房者自付部分：Applicant must contribute at minimum 1 percent of the sales price toward the purchase. 该项目可与Participating-lender first mortgages; some buyers may qualify for additional Federal Home Loan Bank of Chicago assistance.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City of Rockford Community & Economic Development Department, Neighborhood Development Division决定。

Homebuyer 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：Homebuyer must occupy the home as primary residence through the end of the forgivable loan; recapture provisions apply if owner-occupancy/affordability is not met during the affordability period. 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 Program面向首次购房者和将房屋作为主要住所自住的购房者。 “首次购房者”通常指过去三年内未拥有房屋，但该项目有自己的定义。 须参加购房者教育课程，由Pre-purchase housing counseling class from a HUD-certified housing counseling agency.提供。 Eligibility (per Sept 2022 brochure): qualify for first mortgage financing through a participating lender; 30 percent housing ratio and back-end DTI at or below 41 percent after assistance; meet annual income limits (income counts all household members 18-plus); no unpaid judgments/liens; no bankruptcy discharged within 2 years; no foreclosure within 3 years; meet criminal-history criteria; complete HUD-certified pre-purchase counseling; live in the property for the loan term; contribute at least 1 percent of sales price; liquid assets not exceeding $25,000 (excluding IDAs, retirement, life-insurance cash value); retain at least one month of housing-expense reserves. GAP: the official page showed application closed at last update and links a Sept 2022 brochure; the 2025-2029 Consolidated Plan / 2025 Annual Action Plan confirms continued HOME funding (6 HOME-funded homebuyers planned for FY2025), so the program remains funded but opens subject to fund availability. GAP: current-year HUD income/price limits not republished. GAP: current minimum credit score not published. GAP: explicit first-time/3-year prior-ownership rule not stated in the brochure. GAP: lien position and prepayment penalty not explicitly stated. GAP: manufactured home eligibility not addressed.

Homebuyer 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 roughly 80 percent of area median income, by household size. Per the Sept 2022 brochure: 1 $45,100; 2 $51,550; 3 $58,000; 4 $64,400; 5 $69,600; 6 $74,750; 7 $79,900; 8 $85,050. Limits subject to change by HUD. 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 Program将房价上限设为$131,000。 符合条件的房屋类型包括Single Family。 新建房屋不符合条件。

Homebuyer Assistance Program服务于在Rockford，Illinois购房的购房者。

Homebuyer Assistance Program的申请通过City of Rockford Community & Economic Development Department, Neighborhood Development Division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。