City of Schenectady H.O.M.E.S. Second Mortgage Program

City of Schenectady H.O.M.E.S. Second Mortgage Program是面向Schenectady，New York购房者的需偿还的第二贷款，由City of Schenectady Department of Development / Schenectady Housing Development Fund Corporation (SHDFC)管理。 The City of Schenectady H.O.M.E.S. (Home Ownership Made Easy in Schenectady) Second Mortgage Program provides first-time homebuyers purchasing within the City of Schenectady with up to $10,000 (10% of purchase price) in down payment and closing cost assistance as a second mortgage. The loan carries a 4% interest rate with a 5-year term; after 5 years of owner occupancy, 75% of the assistance is converted to a grant and forgiven, with the remaining 25% repaid through the amortization schedule. The property must be move-in ready and pass a Certificate of Occupancy inspection. This program is administered directly by the City Development Department/SHDFC and is distinct from the separately administered BCNI Homebuyers Assistant Program. Up to $10,000 DPA and closing cost assistance. 75% forgiven after 5 years of occupancy. City-administered. Stackable with HDP, SONYMA and other programs. 资金来自City of Schenectady (HUD CDBG and/or HOME funded); administered through SHDFC。

City of Schenectady H.O.M.E.S. Second Mortgage Program提供最高$10,000的援助。 购房者自付部分：Buyer must have mortgage commitment for at least 90% of purchase price。 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City of Schenectady Department of Development / Schenectady Housing Development Fund Corporation (SHDFC)决定。

City of Schenectady H.O.M.E.S. Second Mortgage 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：75% of assistance converted to grant after 5 years of owner occupancy; remaining 25% repaid via 5-year amortization if buyer leaves before 5 years。 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 Schenectady H.O.M.E.S. Second Mortgage 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：Standard HUD FTHB definition applies。 关于信用，该项目说明：Must have mortgage commitment from a lender for at least 90% of purchase price。 须参加购房者教育课程，由Better Community Neighborhoods, Inc. (BCNI) HUD-certified housing counseling agency提供。 居住要求：Property must be located within the City of Schenectady。 Lender must issue mortgage commitment for at least 90% of purchase price before assistance is awarded. Property must pass Certificate of Occupancy inspection. Stackable with BCNI program and FHLBNY HDP.

City of Schenectady H.O.M.E.S. Second Mortgage 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。 HUD 80% Area Median Income limits for Schenectady County: 1-person $46,550; 2-person $53,200; 3-person $59,850; 4-person $66,500; 5-person $71,850; 6-person $77,150. 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。

City of Schenectady H.O.M.E.S. Second Mortgage Program的房价上限如下：Property must be move-in ready and pass Certificate of Occupancy inspection; must be in standard condition。 符合条件的房屋类型包括Single Family和2-4 Unit。 新建房屋不符合条件。 预制房屋不符合条件。

City of Schenectady H.O.M.E.S. Second Mortgage Program服务于在Schenectady，New York购房的购房者。

City of Schenectady H.O.M.E.S. Second Mortgage Program的申请通过City of Schenectady Department of Development / Schenectady Housing Development Fund Corporation (SHDFC)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Contact City of Schenectady Development Department directly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。