City of Lockport First-Time Homeownership Program

City of Lockport First-Time Homeownership Program是面向Lockport，New York购房者的可免除贷款，由City of Lockport Department of Community Development管理。 Using a NYS Homes and Community Renewal HOME Program grant, the City of Lockport assists income-eligible first-time homebuyers with down payment and closing costs. Funds are provided as a conditional 0% interest loan secured by a second mortgage with no monthly/annual payments; the principal is reduced annually and is fully forgiven if the buyer remains the principal resident through the affordability period. Award amount is determined by sales price, mortgage underwriting and loan review. 0% interest conditional (forgivable) HOME loan for down payment and closing costs; amount set by underwriting. 资金来自NYS HCR HOME Program (Housing Trust Fund Corporation)。

City of Lockport First-Time Homeownership Program是可免除贷款，满足项目条件后余额即被免除。 触发还款的情形：Prorated repayment to HTFC if home sold, no longer principal residence, vacant, or rented during affordability period. 该援助以second_mortgage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 Lockport First-Time Homeownership 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Housing Counselor review required (program-administered)提供。 居住要求：Home must be in the City of Lockport。 Affordability period scales with award: under $15,000 = 5 yrs; $15,000-$40,000 = 10 yrs; over $40,000 = 15 yrs. Fixed-rate mortgage required, rate not to exceed 1% above the FHA rate on contract date; no prepayment penalty/balloon/high-cost/yield-spread; taxes and insurance escrowed. Front-end DTI max 35% (40% if no other debt); back-end DTI max 45%.

City of Lockport First-Time Homeownership 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。 Niagara County 80% limits: 1=$56,600; 2=$64,650; 3=$72,750; 4=$80,800; 5=$87,300; 6=$93,750; 7=$100,200; 8=$106,200. 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 Lockport First-Time Homeownership Program可用于single_family。

City of Lockport First-Time Homeownership Program服务于在Lockport，New York购房的购房者。

City of Lockport First-Time Homeownership Program的申请通过City of Lockport Department of Community Development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Rolling basis until funds exhausted.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。