Mobile County Homeownership Down Payment Assistance Program (HDPA)

Mobile County Homeownership Down Payment Assistance Program (HDPA) ist ein erlassbares Darlehen für Eigenheimkäufer in Mobile County, Alabama. The Homeownership Down Payment Assistance Program (HDPA) is a CDBG-Disaster Recovery-funded program administered by the Mobile County Commission as Subrecipient to the Alabama Department of Economic and Community Affairs (ADECA). Provides up to $50,000 in interest-free deferred forgivable loan assistance to LMI households (up to 120% AMI) for down payment and closing costs on a single-family home in unincorporated Mobile County or designated municipalities, in response to Hurricane Sally & Zeta (2020) recovery. Sister program to the County's HOME-funded Down Payment Assistance Program (separate listing); modeled on its requirements. Despite being labeled 'Grant' on Freddie Mac DPA One, the assistance is structured as a forgivable second-lien loan with recapture-net-of-proceeds upon early sale/transfer. Applications opened Aug. 4, 2025 and continue until funds depleted. Up to $50,000 (minimum $1,000) interest-free deferred loan for down payment and closing costs, forgiven on a prorated monthly basis over up to 10 years. May provide up to 100% of the down payment required by the lender and/or subsidize mortgage interest rate. No monthly payments. Loan released at end of affordability period if homebuyer maintains primary residence. Die Mittel stammen von CDBG-DR (Hurricanes Sally & Zeta) administered by Alabama Department of Economic and Community Affairs (ADECA); HUD; Federal.

Mobile County Homeownership Down Payment Assistance Program (HDPA) wird nach 10 Jahren erlassen, ein Eigenheimkäufer, der so lange bleibt, zahlt also nichts zurück. Die Rückzahlung wird ausgelöst durch Sale or voluntary/involuntary transfer of title (including foreclosure) during the up-to-10-year affordability period triggers repayment of the unforgiven balance of CDBG-DR direct downpayment assistance, capped at net proceeds of sale (recapture net of proceeds, modeled on 24 CFR 92.254(a)(5)(ii)(A)(2) and (4)). Failure to occupy as primary residence during the affordability period requires repayment of the full direct downpayment assistance amount. Die Hilfe wird mit folgendem Rang eingetragen: 2. Erlass- und Rückzahlungsbedingungen legt das Programm fest, und sie können sich ändern – prüfen Sie sie vor dem Antrag auf der offiziellen Programmseite.

Mobile County Homeownership Down Payment Assistance Program (HDPA) steht Eigenheimkäufer, die die Immobilie als Hauptwohnsitz bewohnen werden offen. Zur Kreditwürdigkeit gibt das Programm an: No published minimum credit score. Program guide states homebuyers should have good credit and qualify for competitive lending products. Ein Kurs für Hauskäufer ist Pflicht, über HUD-Certified Housing Counseling Agency designated by Mobile County. 8-hour homeownership education course required. Wohnsitzanforderung: Applicant must have been a Mobile County resident during Hurricanes Sally & Zeta (Sept. 11-16, 2020 and Oct. 28-29, 2020). Property must be located in Mobile County HOME Consortium area: unincorporated Mobile County or the cities/towns of Bayou La Batre, Chickasaw, Citronelle, Creola, Mount Vernon, Prichard, Saraland, Satsuma, Semmes. Homes within City of Mobile or Town of Dauphin Island are NOT eligible. Staatsangehörigkeit oder Aufenthaltsstatus: All members of the purchasing household must be U.S. citizens or qualified aliens eligible for federal public benefits under PRWORA (1996). Applicant must have been a Mobile County resident during Hurricanes Sally & Zeta (Sept. 11-16, 2020 and Oct. 28-29, 2020) -- proof of residency required (utility bill, vehicle tag receipt, tax record, lease/mortgage statement). Priority to LMI homeowners and renters impacted by 2020 hurricanes; LMI individuals on path to homeownership also encouraged. Cannot own additional property. Duplication of Benefits Certification required. First mortgage must be CFPB Qualified Mortgage, fully amortizing 30-year fixed (USDA up to 33-year). Front-end 30% / back-end 43% ratio caps. Property must pass County home inspection and environmental review. Independent state-licensed appraisal required to justify sales price.

Mobile County Homeownership Down Payment Assistance Program (HDPA) begrenzt das Haushaltseinkommen auf 120 % des Median-Einkommens der Region, das je nach County und Haushaltsgröße variiert. Household income must not exceed 120% of Area Median Income for Mobile County (HUD CDBG income limits, FY 2025): 1p $68,450; 2p $78,250; 3p $88,000; 4p $97,800; 5p $105,600; 6p $113,450; 7p $121,250; 8p $129,100. Section 8 (24 CFR 5.609) gross-income definition; income of all household members 18+ is included. Die Grenze gilt für das gesamte Haushaltseinkommen, nicht nur für das des Kreditnehmers. Das Programm nennt eine maximale Haushaltsgröße von 8. Die Werte für das Median-Einkommen der Region veröffentlicht HUD, und sie werden jährlich aktualisiert. Prüfen Sie daher die aktuelle Tabelle für das County, bevor Sie sich auf eine Zahl verlassen.

Mobile County Homeownership Down Payment Assistance Program (HDPA) begrenzt den Kaufpreis auf $290,000. Zu den förderfähigen Immobilienarten gehören Single-family detached dwelling unit. Property must be owner-occupied, purchaser-occupied, or vacant at the time of purchase. Neubauten sind förderfähig. Fertighäuser (Manufactured Homes) sind nicht förderfähig.

Mobile County Homeownership Down Payment Assistance Program (HDPA) richtet sich an Eigenheimkäufer, die in Mobile County, Alabama kaufen. Das Programm richtet sich an bestimmte Gebiete: Hurricane Sally & Zeta disaster-affected residents of Mobile County receive priority. Eligible jurisdictions limited to unincorporated Mobile County and the designated municipalities; City of Mobile and Town of Dauphin Island are excluded.

Anträge für Mobile County Homeownership Down Payment Assistance Program (HDPA) laufen über die verwaltende Stelle, die die aktuellen Bedingungen und die Antragsschritte auf ihrer eigenen Website veröffentlicht. Mittel werden reserviert über Lender submits completed HDPA application, loan application, loan estimate, and purchase agreement to County; funding reserved at that point. County reserves 15 working days to review/approve. First-come, first-served until funding is depleted. Hey Prescott ist kein Kreditgeber und nimmt keine Anträge an. Diese Seite beschreibt das Programm, damit ein Eigenheimkäufer damit zu einem Kreditgeber oder einer Wohnberatung gehen kann.