Lower Merion Affordable Home Purchase Program

Lower Merion Affordable Home Purchase Program是面向Lower Merion Township，Pennsylvania购房者的静默第二贷款，由Lower Merion Affordable Housing Corporation (LMAH) in cooperation with Lower Merion Township (counseling via Genesis Housing Corporation)管理。 The Lower Merion Affordable Home Purchase Program, run by the Lower Merion Affordable Housing Corporation in cooperation with Lower Merion Township, helps first-time buyers afford a home in this high-cost Main Line township by placing a zero-interest second mortgage (typically $100,000+) that reduces the monthly payment to roughly 31% of income. Up to 50% of the second mortgage is forgiven over time (25% at 10 years, 25% at 20 years), with the remainder repaid on sale/transfer. Buyers must contribute a 3% down payment, occupy the home as their primary residence, and meet income limits; preference is given to those who live or work in Lower Merion and to active volunteer firefighters. Zero-interest second mortgage (typically $100,000+) closing the affordability gap. Monthly payment capped near 31% of income. Up to 50% forgiven (25% at 10 yrs, 25% at 20 yrs). No monthly payments on the second mortgage. Preference for local residents/workers and volunteer firefighters. 资金来自HUD Community Development Block Grant (CDBG) program; Lower Merion Township。

Lower Merion Affordable Home Purchase Program在20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：Repaid upon sale or transfer of the property; resale restrictions apply. 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。

Lower Merion Affordable Home Purchase 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。 居住要求：Special preference for people who currently live or work in Lower Merion (and active Lower Merion volunteer firefighters). LOAN TERM: forgiveness over 20 years (25% at 10 yrs, 25% at 20 yrs; remainder due on sale/transfer). Households must have at least two people. 3% down payment required. Resale restrictions; rentals prohibited. Funded through HUD CDBG. Counseling via Genesis Housing Corporation (610-275-4357). GAP: no fixed dollar assistance cap (amount is gap-based).

Lower Merion Affordable Home Purchase 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。 Total gross household income limits: 2 person $60,500; 3 person $68,050; 4 person $75,000. All households must have at least two people. 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。

Lower Merion Affordable Home Purchase Program在其服务群体中提到了消防员。 在此列出仅表示项目提到了该群体，并不表示仅凭群体身份即可使申请人符合条件——其余资格规则仍然适用。

Lower Merion Affordable Home Purchase Program服务于在Lower Merion Township，Pennsylvania购房的购房者。

Lower Merion Affordable Home Purchase Program的申请通过Lower Merion Affordable Housing Corporation (LMAH) in cooperation with Lower Merion Township (counseling via Genesis Housing Corporation)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。