Avondale First-Time Homebuyer Program

Avondale First-Time Homebuyer Program es un préstamo condonable para compradores de vivienda en Avondale, Arizona. City of Avondale-funded down payment assistance program for first-time homebuyers purchasing within the city limits. The City contracts with Trellis (a local non-profit HUD-approved housing counseling and CDFI agency) to administer the program. The City may provide up to $30,000 in down payment, closing cost, and/or principal-reduction assistance in the form of a non-interest-bearing deferred, forgivable loan secured by a Deed of Trust, Promissory Note, or other approved lien instrument. The loan becomes payable in full if the buyer sells or moves from the property within the affordability period or fails to maintain it; if all requirements are met through the end of the period, the City forgives the loan in full. Total assistance is based on need. Buyers must be first-time homebuyers, meet HUD income limits (80% AMI for Maricopa County), obtain and maintain a first mortgage, and complete an 8-hour homebuyer class. Up to $40,000 in down payment, closing costs, and/or principal reduction assistance structured as a shared equity loan. The City provides a lump-sum advance at closing in exchange for a share of the property's future appreciation when the home is sold or refinanced. Homebuyer counseling is provided through Trellis as part of the program. Los fondos provienen de HUD HOME Investment Partnerships Program / CDBG (federal pass-through to the City of Avondale).

Avondale First-Time Homebuyer Program ofrece hasta $30,000 de ayuda. Aporte del comprador de vivienda: Borrower must contribute reasonable funds toward the transaction; specific amount set during underwriting and counseling with Trellis. El programa se puede combinar con otras ayudas, sujeto a las reglas de cada una. Los montos son los máximos publicados por el programa, no una oferta: la agencia que administra el programa determina cualquier ayuda individual.

Avondale First-Time Homebuyer Program es un préstamo condonable, así que el saldo se perdona una vez que se cumplen las condiciones del programa. El reembolso se activa por Loan becomes payable in full if the buyer sells or moves from the property within the affordability period or fails to maintain it; if all program requirements are met through the end of the period, the City forgives the loan in full and releases its lien. La ayuda se registra con un gravamen en posición 2. 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.

Avondale First-Time 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: Displaced homemakers and single parents who previously owned a home only with a former spouse are exempt from the three-year first-time-buyer rule; spouses out of the workforce caring for a household are also not bound by the three-year restriction. Sobre el crédito, el programa indica: Set by first-mortgage lender; no separate program-level minimum published. Se requiere un curso de educación para compradores de vivienda, a través de Trellis (HUD-approved housing counseling agency). Requisito de residencia: Property must be located within the City of Avondale corporate limits. Ciudadanía o situación migratoria: U.S. citizen or qualified non-citizen with eligible immigration status (HUD HOME requirement). Must purchase a home located within the City of Avondale corporate limits. Must complete homebuyer education/counseling through Trellis. Must be income-qualified at or below 80% AMI for Maricopa County (HUD HOME income limits — example: family of four cap was $63,200). Property must be the borrower's primary residence. The shared-equity loan requires the City to receive a proportional share of future appreciation; loan typically becomes due upon sale, transfer, refinance with cash-out, or loss of owner-occupancy. Funded with HUD HOME / CDBG funds passed through the City.

Avondale First-Time 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 at or below 80% Area Median Income (HUD HOME limits) for Maricopa County, adjusted for household size. Example reference: $63,200 maximum for a family of four. 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.

Avondale First-Time Homebuyer Program limita el precio de compra así: Purchase price must comply with HUD HOME 95% maximum purchase price limit for Maricopa County (set annually by HUD). Los tipos de propiedad elegibles incluyen Single-family detached, townhome, condo (must be HUD HOME-eligible). La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Avondale First-Time Homebuyer Program atiende a compradores de vivienda que compran en Avondale, Arizona.

Las solicitudes de Avondale First-Time Homebuyer Program se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de First-come, first-served while funds last; applications accepted through Trellis. 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.