First-Time Homebuyer Down Payment Assistance Program

First-Time Homebuyer Down Payment Assistance Program是面向New Rochelle，New York购房者的可免除贷款。 The City of New Rochelle First-Time Homebuyer Down Payment Assistance Program provides eligible income-qualified first-time buyers with up to 19% of the purchase price of an eligible single-family home as a zero-interest forgivable second-mortgage loan, used for down payment and closing costs. Funded through a combination of HUD HOME federal funds and the City's Affordable Housing Fund, the program is administered for the City by Westchester Residential Opportunities (WRO). Buyers must be current New Rochelle residents, complete HUD-approved homebuyer education, contribute at least 1% of their own funds, and remain in the home as their primary residence for five (5) years, after which the loan is forgiven. Up to 19% of the purchase price of an eligible single-family home as a zero-interest forgivable second-mortgage loan toward down payment and closing costs. The loan is forgiven after the buyer occupies the property as a principal residence for five (5) years. Maximum eligible purchase price ranges from approximately $594,000-$601,000 based on the City's published HUD HOME 95%-of-median-sales-price limits for Westchester County. 资金来自HOME、Local Government和Federal。

First-Time Homebuyer Down Payment Assistance Program按项目规定，提供相当于房价19%的援助。 购房者自付部分：Minimum 1% of purchase price from buyer's own funds。 该项目可与其他援助结合使用，但须遵守各项目的规定。 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管理该项目的机构决定。

First-Time Homebuyer Down Payment 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：Forgivable second mortgage和loan is forgiven in full after 5 years of owner-occupancy as primary residence. Sale, transfer, refinance with cash-out, or loss of owner-occupancy during the 5-year period triggers repayment of the unforgiven balance to the City of New Rochelle. 该援助以2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。

First-Time Homebuyer Down Payment 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。 此处的“首次”有例外情况：Must not have owned any residential real estate in the previous 3 years (true first-time buyer or 3-year displaced homeowner per HUD HOME definition). 关于信用，该项目说明：No published minimum FICO; underwriting follows the buyer's first-mortgage product。 须参加购房者教育课程，由Westchester Residential Opportunities (WRO) - HUD-approved housing counseling agency; HUD-approved homebuyer education class required prior to closing.提供。 居住要求：Must be a current City of New Rochelle resident purchasing a property located within the City of New Rochelle that will serve as primary residence for the 5-year affordability period. 公民身份或移民身份：U.S. citizen or eligible non-citizen permitted by underlying first-mortgage product and HUD HOME rules。 Property must be a single-family home located within the City of New Rochelle. Buyer must be a first-time homebuyer (no ownership of residential real estate in the previous 3 years). Buyer must be a current New Rochelle resident purchasing within the city. Minimum household income $40,000; household income capped at 80% HUD AMI for Westchester County (1-person $76,300 up to 8-person $136,250 - varies by family size). Maximum eligible home value $594,000-$601,000 (HOME 95% rule for Westchester). Buyer must contribute at least 1% of purchase price from own funds, complete HUD-approved homebuyer education, and qualify for a mortgage through a participating lender. Buyer must occupy the home as primary residence for 5 years; loan is fully forgiven at the end of year 5. Sale, transfer, refinance with cash-out, or loss of owner-occupancy during the 5-year period triggers repayment of the unforgiven balance.

First-Time Homebuyer Down Payment 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 must be between $40,000 and 80% of HUD Area Median Income for Westchester County, adjusted by household size. 2025 80% AMI limits range approximately: 1-person $76,300; 2-person $87,200; 3-person $98,100; 4-person $108,950; 5-person $117,700; 6-person $126,400; 7-person $135,100; 8-person $136,250. 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。

First-Time Homebuyer Down Payment Assistance Program将房价上限设为$601,000。 符合条件的房屋类型包括Single-family detached、Condominium和Townhouse。 新建房屋符合条件。 预制房屋不符合条件。

First-Time Homebuyer Down Payment Assistance Program服务于在New Rochelle，New York购房的购房者。

First-Time Homebuyer Down Payment Assistance Program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First-come, first-served via Westchester Residential Opportunities (WRO) once the buyer is under contract; applicant must complete intake, homebuyer education, and submit full application package.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。