City of Warren Direct Homebuyer Assistance Program (HOME)

City of Warren Direct Homebuyer Assistance Program (HOME)是面向Warren，Michigan购房者的可免除贷款，由City of Warren Community Development Department (CDBG Technical Committee oversight)管理。 The City of Warren uses federal HOME funds to provide $3,500 in direct homebuyer (down payment and closing-cost) assistance to low-, moderate- and middle-income households purchasing City-owned properties. The assistance is a forgivable second-mortgage loan, fully forgiven five years after closing if the buyer remains compliant. Buyers must use a 30-year fixed-rate mortgage and contribute at least $1,000 of their own funds. $3,500 forgivable loan covering half of the required down payment plus up to $2,500 in closing costs. 资金来自Federal HOME Investment Partnerships funds (City of Warren HOME revolving fund)。

City of Warren Direct Homebuyer Assistance Program (HOME)提供最高$3,500的援助。 购房者自付部分：Homebuyer must provide at least $1,000 of their own funds toward down payment and closing costs; home inspection and homeowner's insurance costs do not count toward the $1,000。 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 Warren Community Development Department (CDBG Technical Committee oversight)决定。

City of Warren Direct Homebuyer Assistance Program (HOME)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：Due if, during the 5-year affordability period, the property is sold, ceases to be the principal residence, is not maintained in reasonable condition, property taxes go unpaid, payments on other property-secured loans are missed, or the property is not kept insured。 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。

City of Warren Direct Homebuyer Assistance Program (HOME)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：Recipients must not currently own a home。 须参加购房者教育课程，由Michigan State University Extension - Macomb Office (MSUE); all adult household members must attend 8 hours of homebuyer counseling, offered free提供。 居住要求：Must purchase a City-owned property located in the City of Warren。 公民身份或移民身份：All household members must be U.S. citizens or non-citizens with eligible immigration status。 Only fully amortizing, fixed-rate 30-year mortgages allowed (no interest-only, balloon, ARM, no-doc or stated-income loans); housing DTI ratio max 31% and total DTI max 45%; taxes and insurance must be escrowed; participating lenders must apply and be approved by the City's Community Development Technical Committee; closing-cost caps per Appendix A apply; income-limit table in published PDF is dated April 2018 (HUD updates annually);.

City of Warren Direct Homebuyer Assistance Program (HOME)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。 Annual gross household income at or below 80% of area median income, adjusted for household size, as determined by HUD (income-limit schedule updated annually; published PDF reflects April 2018 HUD limits). 该限制适用于家庭总收入，而不仅是借款人的收入。 该项目列出的最大家庭人数为8。 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。

City of Warren Direct Homebuyer Assistance Program (HOME)可用于Single Family。 新建房屋符合条件。

City of Warren Direct Homebuyer Assistance Program (HOME)服务于在Warren，Michigan购房的购房者。

City of Warren Direct Homebuyer Assistance Program (HOME)的申请通过City of Warren Community Development Department (CDBG Technical Committee oversight)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Expression of Interest form plus lender pre-approval submitted via listing agent; City Council must approve sale of the City-owned property by resolution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。