Tuscaloosa Housing Authority HOME-Assisted Homebuyer Program

Tuscaloosa Housing Authority HOME-Assisted Homebuyer Program es un préstamo condonable para compradores de vivienda en Tuscaloosa, Alabama, a cargo de Tuscaloosa Housing Authority (subrecipient of City of Tuscaloosa Office of Federal Programs). The Tuscaloosa Housing Authority HOME-Assisted Homebuyer Program serves first-time homebuyers (no homeownership in the prior 3 years) earning 50%-80% of area median income. The City of Tuscaloosa allocates federal HOME funds to THA, which combines them with program income to develop new-construction homes and provide a zero-interest deferred forgivable second-mortgage. Buyers secure their own primary mortgage, contribute a $1,000 down payment, complete the City's free HUD-certified counseling, and occupy the home as their principal residence under a 15-year affordability period after which the assistance is fully forgiven. Zero-interest deferred second mortgage. Forgivable over 15 years (prorated). Down-payment/gap financing. Access to newly constructed homes. Free HUD-certified pre-purchase counseling. Low $1,000 buyer contribution. Los fondos provienen de Federal HOME Investment Partnerships Program funds (City of Tuscaloosa Participating Jurisdiction) administered by THA as subrecipient, plus THA program income.

Tuscaloosa Housing Authority HOME-Assisted Homebuyer Program se perdona después de 15 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Triggering event within the 15-year affordability period (sale, transfer, refinance, home-equity loan, foreclosure, casualty/condemnation, or ceasing owner-occupancy) requires prorated repayment; fully forgiven after 15 years of owner-occupancy. La ayuda se registra con un gravamen en posición Second mortgage (silent second), subordinate to the primary mortgage. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Tuscaloosa Housing Authority HOME-Assisted Homebuyer Program está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: Cannot have owned a home in the previous 3 years. Se requiere un curso de educación para compradores de vivienda, a través de City of Tuscaloosa Homeownership Counseling Program (HUD-certified), free in-person 3-4 hour class; certificate valid 2 years; (205) 248-5096. Requisito de residencia: Home within Tuscaloosa city limits; occupied as principal residence (no renting/leasing). Verified on THA/City primary sources and the THA Homebuyer Program Policy PDF (amended 03.20.2024). Front-end housing ratio 20-33%; back-end ratio must be below 43% (underwritten to a 36% target via Exhibit A). GAPS not confirmed: minimum credit score (lender-determined), exact assistance dollar min/max (calculated per Exhibit A; minimum equals lender-required 10% down), hud_ami_year. Resale within 15 years must be to a buyer at or below 80% AMI.

Tuscaloosa Housing Authority HOME-Assisted Homebuyer Program limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income 50%-80% of HUD AMI by household size. Exhibit A 80% AMI maximums: 1-person $34,450; 2-person $39,400; 3-person $44,300; 4-person $49,200. Income determined using Part 5 (24 CFR 5) definition; all household members counted. El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Tuscaloosa Housing Authority HOME-Assisted Homebuyer Program limita el precio de compra así: Not to exceed fair-market value per independent third-party appraisal (no fixed dollar cap). Los tipos de propiedad elegibles incluyen Single Family. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Tuscaloosa Housing Authority HOME-Assisted Homebuyer Program atiende a compradores de vivienda que compran en Tuscaloosa, Alabama.

Las solicitudes de Tuscaloosa Housing Authority HOME-Assisted Homebuyer Program se tramitan a través de Tuscaloosa Housing Authority (subrecipient of City of Tuscaloosa Office of Federal Programs), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.