SCDHC HOMEownership Down Payment & Closing Cost Assistance Program

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program ist ein aufgeschobenes Nachrangdarlehen für Eigenheimkäufer in Richmond; Petersburg; Emporia, Virginia, verwaltet von Southside Community Development & Housing Corporation (SCDHC). Southside Community Development & Housing Corporation (SCDHC), a HUD-approved housing counseling agency and the largest single-family nonprofit housing developer in the Richmond MSA, administers the Virginia DHCD HOMEownership Down Payment & Closing Cost Assistance Program (federally funded by HUD HOME) as a regional provider for the Crater/Southside region (Brunswick, Charles City, Dinwiddie, Emporia, Greensville, Petersburg, Prince George, Southampton, Sussex) and the Richmond metro (Henrico, Chesterfield, City of Richmond). The DPA is a deferred, no-payment, no-interest second loan that helps income-eligible first-time homebuyers at or below 80% AMI cover down payment and closing costs. Assistance is provided up to 10% of the sales price (up to 15% in DHCD-designated high-cost/economically depressed localities), plus up to $2,500 toward closing costs, to a maximum of $40,000. The loan is secured by a deed of trust for a 5-year (assistance of $1,000-$14,999) or 10-year ($15,000-$40,000) affordability period and is fully forgiven if the buyer keeps the home as their principal residence through the period. SCDHC also offers homebuyer education, one-on-one counseling, and a VIDA matched-savings program. Up to 10% of sales price (15% in high-cost areas) toward down payment. Up to $2,500 toward closing costs. Deferred 0% loan, no monthly payments. Fully forgiven after affordability period. HUD-certified homebuyer education and one-on-one counseling. Die Mittel stammen von U.S. HUD HOME Investment Partnerships Program, administered by Virginia DHCD.

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program bietet zwischen $1,000 und $40,000 Hilfe. Förderstufen: Up to 10% of sales price for standard localities; up to 15% for DHCD-designated high-cost/chronically economically depressed localities. Eigenbeitrag des Eigenheimkäufers: Borrower must contribute 1% of the sales price from personal funds if income is 50%-80% AMI; if income is below 50% AMI, contribution is $500. The 1% may include appraisal, insurance, third-party inspection fees, credit report, and closing costs (receipts required). SCDHC pre-screen asks for at least $2,000 in savings. Das Programm kann mit VIDA, ARS (Acquire/Renovate/Sell), Virginia Housing DPA, Virginia Housing SPARC, FHLB programs, USDA programs, Freddie Mac/Fannie Mae assistance, lender/employer/housing-authority programs kombiniert werden. Die Beträge sind die vom Programm veröffentlichten Höchstbeträge, kein Angebot – Southside Community Development & Housing Corporation (SCDHC) entscheidet über jede einzelne Förderung.

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program wird nach 5 Jahren erlassen, ein Eigenheimkäufer, der so lange bleibt, zahlt also nichts zurück. Die Rückzahlung wird ausgelöst durch Sale or transfer of title (voluntary or involuntary), or failure to occupy as principal residence (rented/vacant), during the affordability period triggers recapture/repayment of the entire outstanding HOME investment from available net proceeds. Die Hilfe wird mit folgendem Rang eingetragen: Second (silent second / deferred loan recorded behind first trust mortgage). Erlass- und Rückzahlungsbedingungen legt das Programm fest, und sie können sich ändern – prüfen Sie sie vor dem Antrag auf der offiziellen Programmseite.

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program steht Erst-Hauskäufer und Eigenheimkäufer, die die Immobilie als Hauptwohnsitz bewohnen werden offen. „Erstmalig“ hat hier Ausnahmen: First-time homebuyer = never owned a home OR has not held primary ownership in a principal residence within the most recent 3-year period. Mobile homes titled as personal property and investment/inherited property not occupied as principal residence in the last 3 years still qualify the buyer as first-time. Zur Kreditwürdigkeit gibt das Programm an: SCDHC's own screening states a credit score above 640. The underlying DHCD HOME DPA program requires a median FICO of 620 with at least 3 open, current trade lines (alternative credit considered with 3 trades). Ein Kurs für Hauskäufer ist Pflicht, über HUD-certified homebuyer education course through Virginia Housing, NeighborWorks, or a HUD-certified agency; SCDHC provides its own HUD-approved homebuyer education workshops and counseling. Wohnsitzanforderung: Property must be in SCDHC's DHCD-assigned service area (Crater/Southside counties and Richmond metro localities listed). Loan TERM: deferred second with 5-year affordability period for assistance of $1,000-$14,999 and 10-year affordability period for $15,000-$40,000; no payments and 0% interest; fully forgiven at end of affordability period; not assumable. Borrower must complete HUD-certified homebuyer education and one-on-one counseling, have a 90-day minimum work history, pay off collections totaling $1,000+ and all judgments before closing, and have cash assets below 10% of the sales price. No cash back to buyer at closing.

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program begrenzt das Haushaltseinkommen auf 80 % des Median-Einkommens der Region, das je nach County und Haushaltsgröße variiert. Total household income at or below 80% of HUD Area Median Income (AMI) for the locality and household size, per HUD's annually updated HOME income limits. SCDHC's own pre-screen also asks that annual income be at least $40,000. Exact dollar limits vary by jurisdiction and household size; see DHCD/HUD HOME income limit tables (Unconfirmed: SCDHC does not publish a per-household-size dollar chart on its site). Die Grenze gilt für das gesamte Haushaltseinkommen, nicht nur für das des Kreditnehmers. 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.

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program begrenzt den Kaufpreis so: Home value may not exceed 95% of the area median sales price (HUD 203(b) limits), established annually by HUD per locality. Zu den förderfähigen Immobilienarten gehören Single-family detached (one unit), Duplex/Triplex/Fourplex (assisted unit individually sold and deeded, owner-occupied, no other units owned as rentals), Townhome, Condominium, Modular home und Manufactured home (post-June 15, 1976; permanent utility hookups; on owned land or long-term lease). Neubauten sind förderfähig. Fertighäuser (Manufactured Homes) sind förderfähig.

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program richtet sich an Eigenheimkäufer, die in Richmond; Petersburg; Emporia, Virginia kaufen.

Anträge für SCDHC HOMEownership Down Payment & Closing Cost Assistance Program laufen über Southside Community Development & Housing Corporation (SCDHC), die die aktuellen Bedingungen und die Antragsschritte auf ihrer eigenen Website veröffentlicht. Mittel werden reserviert über First come, first served; funds reserved only after the buyer is pre-approved by a lender and meets DPA eligibility. Workshop registration and online application via SCDHC. 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.