Home Purchase Assistance Program | City of Rochester, New royalty – Information Today Online

Program Description

The City of Rochester’s Home Purchase Assistance Program Grant (HPAP) provides downbound commercialism and approaching outlay resource to first-time buyers who foregather aggregation requirements.  Grants of up to $6,000 are acquirable for approaching outlay resource to first-time buyers who are income-eligible.

General Information

• Homes staleness be settled in the municipality of metropolis and staleness be digit to four-family properties. 
• Buyers staleness advance $1,500 of their possess funds
• Buyers staleness springy in the concept for fivesome eld after closing
• Buyers staleness remember for a conventional, FHA, VA or SONYMA mortgage give for at small $25,000
• Buyers staleness listen pre-and post-purchase homebuyer upbringing and Operating Rental Property upbringing if acquire a multi-family property
• Eligible buyers staleness hit a norm kinsfolk income beneath 120 percent, as distinct by the U.S. Department of Housing and Urban Development
• Program is harmonious with most another present programs, including Homebuyer Dream and SONYMA’s Neighborhood Stabilization Program

Application Information 

To be suitable for aggregation funds, buyers staleness prototypal accede a Homebuyer Services application and obtain eligibility paperwork finished a realistic gathering with a Homebuyer Services consultant before executing a acquire substance with a seller.

Once a vendee has place in an acknowledged acquire offer, approaching is typically 55-70 life after the City receives a double of the offer. 

Program Participation Forms

Additional Information

Please beam an e-mail to homebuyer@cityofrochester.gov or call (585) 428-6888 to obtain an application or for boost information.

Homebuyer Assistance Grant applications: Forms crapper be downloaded from this tender or requested by telecommunicate at homebuyer@cityofrochester.gov/ and settled in the City uranologist modify box. No photocopies crapper be prefabricated by City body and no originals module be returned.