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After a long day at work, you come home to stoke the
fire in your three bedroom, two bath home. Your kids are
running to greet you at the door. They each have their
own room. You have the garage you wanted to tinker in
and your wife has the yard she has always dreamed of.
 You
stoop to pick up your children and the puppy you got
them on the day you moved in licks your face. You are
overjoyed as you hug your family because you are working
towards another one of your dreams.
You don’t pay rent…
you now own your home!
This can be you!
It’s possible with the First Time Homebuyer Program,
funded through the
HOME
program
Read on to see if you may be eligible for down payment
and closing cost assistance.
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Your total household income can be up to following limits:
Family of 1 - $27,350
Family of 2 - $31,300
Family of 3 - $35,200
Family of 4 - $39,100
Family of 5 - $42,250
Family of 6 - $45,350
Family of 7 - $48,450
Family of 8 - $51,550
(80% area median income 4/1/2006)
The program is available regardless of race,
color, national origin, creed, sex,
religion, political ideas, marital status,
age or disability.
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Contact the Project Manager by calling (406)
535-7488 or stop into District VI HRDC or
the Lewistown City Offices for a
pre-application. Once you have submitted a
completed pre-application, a personal
interview will be set up. Pre- applications
will be processed on a
"first-come-first-served" basis. Within two
weeks of completing the personal interview,
you will be notified regarding your
eligibility.
For help in determining if you may be
eligible to participate in the program,
print
out, complete, and return the application.
Pre-application for Fergus, Golden Valley,
Judith Basin, Musselshell, Petroleum and
Wheatland Counties
Applications may appear differently
depending on your browser - they will print
on 8.5"X11" paper
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The
HRDC 6 Loan Review Board
sets policy and makes decisions regarding
applications. After lender approval, your
application for down payment and closing
cost assistance will be submitted to the
Loan
Review Board. If your
application is approved, you will be
notified of the qualifying amount of project
financing in writing.
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There are a variety of Lewistown lenders
who participate in First Time Homebuyer
activities. The lender will be responsible
for the final qualification of both the
applicant and the home to be purchased. The
Homebuyer will be required to provide a
minimum of 1% of the purchase price of the
home as down payment.
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The home must be located in the
jurisdictional boundaries of Fergus, Golden
Valley, Judith Basin, Musselshell,
Petroleum, or Wheatland Counties and
must be vacant or owner (seller) occupied.
The home must meet HUD Standards for FHA
Insured loans or Rural Development Loan
Guarantee Program standards and Section 8
Housing Quality standards, including lead
based paint regulation requirements.
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You will be required to attend an approved
Homebuyer Training Course. The schedule of
dates and times classes will be offered will
be given to you at the interview. The
classes will help you make informed
decisions when you are looking for a home.
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Contact Shirley, the Project Manager at District 6 HRDC, 300 1st Ave N., Suite 203, or call
(406) 535-7488 for additional information. |
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