Homestretch Down Payment Assistance Program

Homestretch Down Payment Assistance Program es un préstamo condonable para compradores de vivienda en Condado de Gwinnett, Georgia. The Homestretch Down Payment Assistance Program is Gwinnett County's HOME-funded DPA program for first-time homebuyers purchasing a single-family detached home or townhome in Gwinnett County. Eligible buyers receive up to $7,500 in down payment and closing-cost assistance, structured as a 0% interest, deferred-payment second mortgage that is forgiven 20% per year and fully satisfied after 5 years of continuous owner-occupancy. Administered by the Gwinnett County Financial Services Grants Division using HUD HOME Investment Partnerships funds. Up to $7,500 in down payment and closing-cost assistance as a 0% interest, deferred-payment second mortgage. 20% of the principal forgiven annually. loan fully forgiven after 5 years of continuous owner-occupancy. No scheduled monthly payments during the 5-year affordability period. Los fondos provienen de HUD HOME Investment Partnerships Program.

Homestretch Down Payment Assistance Program 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, transfer, refinance (cash-out), or loss of owner-occupancy before the 5-year affordability period ends. La ayuda se registra con un gravamen en posición Subordinate (2nd lien). 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.

Homestretch Down Payment Assistance 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: Eligible if applicant has not owned a home in the past 3 years. Sobre el crédito, el programa indica: 580 minimum FICO (some sources cite 640; verify with current Gwinnett guidelines). Se requiere un curso de educación para compradores de vivienda, a través de HUD-approved homebuyer education provider (8-hour course). Requisito de residencia: Property must be in Gwinnett County (eligible portions) and occupied as primary residence. Ciudadanía o situación migratoria: U.S. citizen or qualified alien. First-time homebuyer required (or no ownership in the last 3 years). Annual household income must be at or below 80% of Area Median Income for Gwinnett County / Atlanta MSA. Maximum DTI 43%. Property must be a single-family detached home or townhome located in Gwinnett County (excluding the cities of Buford, Lawrenceville and Norcross which receive separate CDBG funds, depending on year). Maximum purchase price $349,000 (existing) or $410,000 (new construction). Buyer must complete 8-hour HUD-approved homebuyer education. Owner-occupied primary residence required. Cannot have liquid assets exceeding HOME limits. 5-year residency requirement.

Homestretch 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 at or below 80% of HUD HOME Income Limits for Atlanta MSA. Approximate by household size: 1p $60,200; 2p $68,800; 3p $77,400; 4p $85,950; 8p $113,550. 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.

Homestretch Down Payment Assistance Program limita el precio de compra a $410,000. Los tipos de propiedad elegibles incluyen Single-Family y Townhome. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Homestretch Down Payment Assistance Program atiende a compradores de vivienda que compran en Condado de Gwinnett, Georgia. El programa se dirige a áreas específicas: Gwinnett County (excluding cities receiving direct CDBG funding in some program years).

Las solicitudes de Homestretch 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 Pre-application submitted through Gwinnett County Homestretch portal; reservation made by approved lender once buyer is under contract. 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.