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Housing help · eligibility
Confirm details with the official source
What to know
Home First gives qualified homebuyers up to $100,000 toward the down payment or closing costs of a home. Important details • You can use the HomeFirst loan for a 1-4 family home, condominium, or cooperative. You must buy in one of the five boroughs of New York City. • The maximum HomeFirst loan amount is $100,000. The formula for determining the maximum HomeFirst loan amount is 20% of the purchase price of the home or $100,000, whichever is less. • To get a HomeFirst loan, you need to meet eligibility criteria for income limits and more. You will also have to get a mortgage from a Lender participating in the HomeFirst Program. • You can get help applying for a HomeFirst loan from a Counseling Agency in any of the five boroughs. Counselors can: • enroll you and certify your completion in a Homebuyer Education class. • certify income eligibility. • counsel you about program requirements. • refer you to participating lenders for pre-approval. • You will not have to make loan repayments if you follow certain criteria. • See all the conditions of the HomeFirst loan. How to apply Contact a Counseling Agency to start the process of getting a HomeFirst loan. Find a counselor near you . Scroll down to "Counseling Agencies." The counselor will help check your eligibility for the HomeFirst Down Payment Assistance Program. What you may need You will need to show: • Proof of income (tax returns, pay stubs, profit and loss statements or other documents that verify your income). • Employment records • Proof of sufficient financial resources and credit How to get help • Learn more about the HomeFirst Down Payment Assistance Program. • Read the terms about getting a HomeFirst loa
Hours, eligibility, and availability can change. The official provider or program source has the latest information.
Eligibility
You will need to meet these income requirements to qualify for a HomeFirst loan: Family Size Maximum Household Income (120% AMI) 1 $136,080 2 $155,520 3 $174,960 4 $194,400 5 $210,000 6 $225,600 7 $241,080 8 $256,680 You will also need to meet all these criteria: • Be a first-time homebuyer. • This means you cannot have owned a home three years before buying a home with a HomeFirst loan. • Provide documents to verify household income eligibility. • This includes tax returns, pay stubs, profit and loss statements, or other documents. • Complete a homebuyer education course taught by an HPD-approved counseling agency. • Pay some of the down payment or closing costs. • Get a mortgage from a bank whose loans are regulated by a federal or state agency.To get a mortgage, you will need: • an employment record, and • enough financial resources and credit • Buy a 1-4 family home, cooperative, or condominium. • This must be in the five boroughs of New York City • The purchase price must be within approved limits. • The home must pass a housing inspection that certifies that it is safe to live in. • Live in the home as your primary residence. Depending on the loan amount, you will need to live in the home for at least: • 10 years for loans less than or equal to $40,000 • 15 years for loans greater than $40,000.
Weekly hours
No dependable weekly hours are published here. Use the exact schedule in the description or official source and confirm before traveling or calling.