City of Tucson Down Payment Assistance Program

City of Tucson Down Payment Assistance Program es un segundo préstamo diferido para compradores de vivienda en Tucson, Arizona. The City of Tucson Housing and Community Development Department offers a HOME-funded Down Payment Assistance Program to help income-qualified homebuyers purchase a primary residence within the City of Tucson and Pima County (excluding Tribal lands). Assistance is structured as a deferred-payment second mortgage with no monthly payments, secured by a deed of trust. Loans are subject to a HOME affordability period during which the principal and interest become due if the home is sold or transferred. Maximum assistance is the lesser of $50,000 or 20% of contract sales price, determined by household need and affordability. Deferred-payment second mortgage of up to $50,000 or 20% of contract sales price (whichever is less) to assist with down payment and closing costs. No monthly payments during the affordability period. Assistance amount determined by household need and affordability gap analysis. Los fondos provienen de HOME, Federal y Local Government.

City of Tucson Down Payment Assistance Program ofrece una ayuda equivalente al 20% del precio de compra, según lo fija el programa. Aporte del comprador de vivienda: Minimum $1,000 of buyer's own funds (documented and verified). Cost of home inspection and home warranty purchase may count toward this requirement. 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.

City of Tucson Down Payment Assistance Program es diferido, así que no hay pagos hasta que la vivienda se venda o se refinancie, o se termine de pagar la primera hipoteca. El reembolso se activa por Sale, transfer, refinance (without subordination), or loss of owner-occupancy during the affordability period triggers repayment of principal plus accrued interest. La ayuda se registra con un gravamen en posición 2nd. 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.

City of Tucson Down Payment Assistance Program está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: No published minimum credit score; lender qualification standards apply. Se requiere un curso de educación para compradores de vivienda, a través de Administration of Resources and Choices (ARC) - (520) 623-9383, www.arc-az.org; Chicanos Por La Causa (CPLC) - (520) 882-0018, www.cplc.org/housing; Pima County Community Land Trust - (520) 603-0587, www.pcclt.org; Primavera Foundation - (520) 882-5383, www.primavera.org. Requisito de residencia: Property must be located within the City of Tucson or Pima County (excluding Tribal lands) and must be occupied as the borrower's principal residence during the affordability period. Ciudadanía o situación migratoria: U.S. citizen or qualified non-citizen as required for HOME-funded programs. Must complete HUD-certified Homebuyer Counseling at a partner agency prior to home purchase contract; contribute at least $1,000 of own funds (documented and verified) including cost of inspection; have equivalent of two months mortgage payments in reserves on deposit at a bank; no ARMs permitted; mortgage terms must be reviewed and approved by housing counselor; home warranty required; pre-1978 homes require lead-based paint inspection; property must be approved by City/County for federal environmental compliance; HUD minimum housing quality standards inspection required by state-certified inspector.

City of Tucson Down Payment Assistance 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 must be at or below 80% HUD Area Median Income (AMI) for Tucson. Current limits per official program page: 1-person $55,900; 2-person $63,900; 3-person $71,900; 4-person $79,850; 5-person $86,250; 6-person $92,650; 7-person $99,050; 8-person $105,450. El límite se aplica al ingreso total del hogar, no solo al del prestatario. El programa indica un tamaño máximo de hogar de 8. 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.

City of Tucson Down Payment Assistance Program limita el precio de compra a $345,000. Los tipos de propiedad elegibles incluyen Single-family detached homes, townhomes, condominiums, new construction y existing homes meeting HUD Housing Quality Standards. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

City of Tucson Down Payment Assistance Program atiende a compradores de vivienda que compran en Tucson, Arizona.

Las solicitudes de City of Tucson Down Payment Assistance 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 Applications submitted through partner counseling agencies after completing HUD-certified homebuyer counseling and securing a purchase contract; first-come, first-served subject to funding availability. 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.