ECLF Down Payment Assistance Program (Amortized Loan)

ECLF Down Payment Assistance Program (Amortized Loan) es una subvención para compradores de vivienda en Statewide, Colorado. The ECLF Amortized Loan is the Eagle County Loan Fund's product for buyers using FHA financing. It funds up to 5% of purchase price (capped near $42,500 because the program's max purchase price is $850,000) as a 15-year amortizing 2nd mortgage at 2.5% simple interest, repaid monthly in lockstep with the first mortgage. Loans paid in full within the first 24 months receive a credit for all interest paid. ECLF is funded jointly by Eagle County and the Vail Board of Realtors and administered by The Valley Home Store; loans are originated through the Eagle County Housing & Development Authority. Up to 5% of purchase price (capped near $42,500 against the $850,000 maximum) as a fully amortizing 15-year 2nd mortgage at 2.5% simple interest, used for down payment and closing costs on FHA first mortgages. Loans paid in full within the first 24 months receive a credit for all interest paid. Borrower must contribute at least 50% of the loan amount with a minimum of $3,000. Los fondos provienen de Local Government y Realtor Contribution.

ECLF Down Payment Assistance Program (Amortized Loan) ofrece hasta $42,500 de ayuda. Aporte del comprador de vivienda: Buyer must invest at least 50% of the ECLF loan amount, with a minimum of $3,000 of borrower's own funds. 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.

ECLF Down Payment Assistance Program (Amortized Loan) está estructurado como una subvención, así que no se devuelve. El reembolso se activa por Monthly amortization over 15 years y full repayment due on sale, transfer, refinance, or loss of owner-occupancy. 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.

ECLF Down Payment Assistance Program (Amortized Loan) está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: Per FHA first-mortgage underwriting; ECLF does not publish a separate minimum. Se requiere un curso de educación para compradores de vivienda, a través de The Valley Home Store; Eagle County Housing & Development Authority. Requisito de residencia: Property must be in Eagle County and owner-occupied as primary residence. Ciudadanía o situación migratoria: U.S. citizen or eligible non-citizen (per FHA requirements). First mortgage must be FHA. Borrower contributes at least 50% of the loan amount (minimum $3,000). Property must be owner-occupied as primary residence in Eagle County. Maximum purchase price $850,000. Pre-purchase counseling through The Valley Home Store and Eagle County Housing & Development Authority required. Loans paid off within 24 months receive a refund of all interest paid. Stackable with Good Deeds Avon and Good Deeds Vail buy-down programs on properties at or below $850,000.

ECLF Down Payment Assistance Program (Amortized Loan) fija su límite de ingresos así: No published household income cap on the ECLF Amortized Loan; eligibility is driven by purchase-price cap of $850,000 and FHA first-mortgage qualifying. 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.

ECLF Down Payment Assistance Program (Amortized Loan) limita el precio de compra a $850,000. Los tipos de propiedad elegibles incluyen Single-family detached, Townhome y Condominium. La construcción nueva es elegible.

ECLF Down Payment Assistance Program (Amortized Loan) atiende a compradores de vivienda que compran en Statewide, Colorado.

Las solicitudes de ECLF Down Payment Assistance Program (Amortized 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 Application via The Valley Home Store / Housing Eagle County. 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.