CHFA Down Payment Assistance Second Mortgage Loan

CHFA Down Payment Assistance Second Mortgage Loan es un segundo préstamo diferido para compradores de vivienda en Statewide, Colorado. CHFA's Down Payment Assistance Second Mortgage Loan is a 0% interest, deferred-payment second mortgage equal to up to 4% of the CHFA first mortgage loan amount (capped at $25,000 in practice for most products). No monthly payments are required. The full principal balance is due upon sale, refinance, payoff of the first mortgage, or when the home is no longer the borrower's primary residence; otherwise repayment is deferred to month 361 of the first mortgage. The Second Mortgage option is an alternative to the CHFA Grant — borrowers select one or the other, not both. Up to 4% of the CHFA first mortgage loan amount (capped at $25,000) as a 0% interest, deferred-payment second mortgage. No monthly payments — full balance is due upon sale, refinance, payoff of first mortgage, or when the home ceases to be the primary residence. otherwise deferred to month 361 of the first mortgage. Los fondos provienen de State y Bond.

CHFA Down Payment Assistance Second Mortgage Loan 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 Full principal balance due at sale, refinance, payoff of first mortgage, or when home is no longer primary residence. Otherwise deferred to month 361 of the first mortgage. No monthly payments and no interest accrual. 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.

CHFA Down Payment Assistance Second Mortgage Loan está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: 620 minimum FICO for FHA/VA/USDA; 660 for Conventional. Se requiere un curso de educación para compradores de vivienda, a través de CHFA-sponsored homebuyer education (online via eHomeAmerica or Framework, or in-person via CHFA-approved housing counseling agencies). Requisito de residencia: Property must be located in Colorado and used as borrower's primary residence. Ciudadanía o situación migratoria: U.S. citizen, permanent resident alien, or qualified non-permanent resident alien per first-mortgage product overlays. Must be paired with an eligible CHFA first mortgage (CHFA Preferred, CHFA Preferred Plus, CHFA SmartStep, CHFA SmartStep Plus, CHFA FirstStep, CHFA FirstStep Plus, or CHFA HomeAccess). Borrower must have minimum mid-FICO of 620 (Government/USDA) or 660 (Conventional). Maximum DTI 50%. At least one borrower must complete CHFA homebuyer education. Borrower minimum cash contribution of $1,000 from own funds.

CHFA Down Payment Assistance Second Mortgage Loan limita el ingreso del hogar a $174,440. 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.

CHFA Down Payment Assistance Second Mortgage Loan limita el precio de compra a $806,500. Los tipos de propiedad elegibles incluyen Single-family detached, Townhome, Condominium (warrantable), 2-4 unit (per first-mortgage overlays) y Manufactured (real property, per product). La construcción nueva es elegible. Las viviendas prefabricadas son elegibles.

CHFA Down Payment Assistance Second Mortgage Loan atiende a compradores de vivienda que compran en Statewide, Colorado. El programa se dirige a áreas específicas: IRS-designated targeted areas in Colorado allow waiver of first-time-homebuyer requirement (where applicable) and offer higher income/purchase-price limits under the bond program.

Las solicitudes de CHFA Down Payment Assistance Second Mortgage Loan 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 Lender reservation through CHFA's HomeConnection loan reservation system. 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.