City of Racine Employee Homebuyer Assistance Program

City of Racine Employee Homebuyer Assistance Program是面向Racine，Wisconsin购房者的可免除贷款，由City of Racine Department of City Development (Division of Economic Development and Housing)管理。 An employer-assisted homebuyer benefit providing up to $10,000 in down payment and closing-cost assistance to employees of the City of Racine or the Racine Water/Wastewater Utility who buy a principal residence in the City of Racine. The assistance is a 0% forgivable loan secured by a recorded second mortgage, forgiven 1/7th per year and fully forgiven after seven years of continuous owner-occupancy. The actual award (between $1,000 and $10,000) is limited to the down payment and closing costs shown on the closing disclosure. Up to $10,000 toward down payment and closing costs. 0% interest, no monthly payment. Fully forgivable after 7 years of owner-occupancy. 资金来自City of Racine municipal funds (City/utility employee benefit program)。

City of Racine Employee Homebuyer Assistance Program提供$1,000至$10,000的援助。 该项目可与Borrower's primary mortgage; funded as a standalone municipal employee benefit.结合使用。 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 Racine Department of City Development (Division of Economic Development and Housing)决定。

City of Racine Employee Homebuyer Assistance Program在7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：Sale, transfer, cash-out refinance, ceasing owner-occupancy, or leasing the property before the 7-year forgiveness period elapses; unforgiven balance becomes due. Forgiven 1/7th per year. 该援助以Second (recorded mortgage behind the first 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 Racine Employee Homebuyer Assistance Program面向将房屋作为主要住所自住的购房者。 居住要求：Must purchase a principal residence within the City of Racine; buyer must not already own their principal residence in the City of Racine. Restricted to employees of the City of Racine or Racine Water/Wastewater Utility. Buyer must not currently own a principal residence in the City of Racine. Minimum award $1,000; leasing prohibited. No published credit score, DTI, AMI, or purchase-price limit in the term sheet (left blank, not guessed). Funding limited / first-come, first-served.

City of Racine Employee Homebuyer Assistance Program的收入限制如下：No published income cap in the program term sheet; household income collected on intake only to refer applicants to additional income-based funding. Eligibility is driven by employment, not an AMI limit. 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 Racine Employee Homebuyer Assistance Program可用于Single Family。 新建房屋符合条件。

City of Racine Employee Homebuyer Assistance Program服务于在Racine，Wisconsin购房的购房者。

City of Racine Employee Homebuyer Assistance Program的申请通过City of Racine Department of City Development (Division of Economic Development and Housing)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; funding limited. Intake application to City Development; approval letter/term sheet issued for the lender.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。