HIP Subordinate Deed of Trust

HIP Subordinate Deed of Trust es un préstamo condonable para compradores de vivienda en Washington, District of Columbia, a cargo de District of Columbia Housing Finance Agency (DCHFA). The HIP Subordinate Deed of Trust (HIP) provides eligible first-time and repeat homebuyers up to $20,000 in fully forgivable financing for down payment and closing cost assistance, secured by a subordinate deed of trust. It is available only when purchasing a workforce unit in Housing Investment Platform for-sale projects supported by DCHFA's investment in affordable homeownership in collaboration with emerging developers. Up to $20,000 in fully forgivable down payment and closing cost financing that reduces the amount needed for a first trust mortgage.

HIP Subordinate Deed of Trust ofrece hasta $20,000 de ayuda. Los montos son los máximos publicados por el programa, no una oferta: District of Columbia Housing Finance Agency (DCHFA) determina cualquier ayuda individual.

HIP Subordinate Deed of Trust se perdona después de 5 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Sale or transfer (including gift), property ceasing to be borrower's primary residence, or refinance of the first trust mortgage within five years of closing; on sale within the initial five-year period, equity proceeds are shared between borrower and DCHFA per a distribution schedule. La ayuda se registra con un gravamen en posición subordinate. 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.

HIP Subordinate Deed of Trust está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Only available when purchasing a designated workforce unit in a DCHFA Housing Investment Platform (HIP) for-sale project. Forgivable financing is lost (becomes due) if within five years the property is sold or transferred (including by gift), is no longer the borrower's primary residence, or the first trust mortgage is refinanced. If the property is sold within the initial five-year period, equity proceeds are split between borrower and DCHFA per a distribution schedule provided at closing (shared-appreciation feature on early sale). Borrower must have secured primary financing evidenced by a First Deed of Trust Note. Open to both DC residents and non-residents. Income is based on BORROWER's income only (not household).

HIP Subordinate Deed of Trust limita el ingreso del hogar al 170% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Maximum borrower income may not exceed 170% of Area Median Income (AMI), with a maximum income of $275,400. Income is based on borrower income only. 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.

HIP Subordinate Deed of Trust atiende a compradores de vivienda que compran en Washington, District of Columbia.

Las solicitudes de HIP Subordinate Deed of Trust se tramitan a través de District of Columbia Housing Finance Agency (DCHFA), 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.