Down Payment Settlement (DPS) Program

Down Payment Settlement (DPS) Program es un segundo préstamo diferido para compradores de vivienda en Condado de New Castle, Delaware. The New Castle County Down Payment Settlement (DPS) Program enables low- and moderate-income first-time homebuyers to purchase homes throughout New Castle County (excluding the City of Wilmington) by providing up to $10,000 in down payment and settlement/closing-cost assistance. Funded primarily through HUD HOME and/or CDBG, the assistance is structured as a 15-year, 0%-interest second mortgage with a 24-month payment deferral period followed by required monthly amortization. Down payment and settlement/closing-cost assistance up to $10,000, structured as a 0% interest 15-year second mortgage. The first 24 months are deferred (no payments). monthly principal payments begin in month 25. Maximum $10,000 loan amortizes to roughly $64.10 per month over the remaining term. Property purchase price capped at $460,000. Available throughout New Castle County (excluding the City of Wilmington, which administers its own First Start program). Los fondos provienen de Federal HOME, Federal CDBG y Local Government.

Down Payment Settlement (DPS) 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 First 24 months deferred (no payment). Monthly principal payments begin in month 25 and continue through the 15-year term. Outstanding balance becomes immediately due upon sale, transfer, refinance (cash-out), 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.

Down Payment Settlement (DPS) 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: First-time homebuyer = no ownership in last 3 years; standard HUD displaced-homemaker / single-parent exceptions apply. Sobre el crédito, el programa indica: No published NCC-specific minimum; first-mortgage product credit-score minimums apply. Se requiere un curso de educación para compradores de vivienda, a través de HUD-approved housing counseling agency (e.g., NeighborGood Partners/NCALL, Interfaith Community Housing of Delaware); pre-purchase homeownership counseling required. Requisito de residencia: Property must be located within New Castle County, DE (outside the City of Wilmington), and serve as borrower's primary residence. Ciudadanía o situación migratoria: U.S. citizen or eligible non-citizen per first-mortgage product rules. First-time homebuyer (no homeownership in prior 3 years). Household income may not exceed 80% of HUD area median income for New Castle County (range approximately $64,250 1-person to $121,150 8-person at 80% AMI under current HUD limits). Property must be located in New Castle County, DE, outside the City of Wilmington (which has its own First Start program), and serve as buyer's primary residence. Maximum purchase price $460,000. Borrower must contribute minimum $500 of own funds. Buyer must complete HUD-approved pre-purchase homebuyer counseling. Loan is 0% interest 15-year second mortgage with 24-month payment deferral; required monthly payments begin in month 25.

Down Payment Settlement (DPS) Program limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Total household income may not exceed 80% of HUD area median income for the New Castle County, DE HUD income area, adjusted for household size. Approximate range: $64,250 (1-person) to $121,150 (8-person) at 80% AMI under current HUD limits. 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.

Down Payment Settlement (DPS) Program limita el precio de compra a $460,000. Los tipos de propiedad elegibles incluyen Single-family detached, Townhome y Condominium. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Down Payment Settlement (DPS) Program atiende a compradores de vivienda que compran en Condado de New Castle, Delaware.

Las solicitudes de Down Payment Settlement (DPS) 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 Application processed by NCC Department of Community Services in coordination with first-mortgage lender; funds awarded first-come, first-served subject to 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.