Launch – Down Payment Assistance

Launch – Down Payment Assistance es un préstamo condonable para compradores de vivienda en Indiana, a cargo de Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis). Launch is FHLBank Indianapolis's annual down payment assistance program for income-qualified first-time homebuyers purchasing a primary residence in Indiana or Michigan. It provides a grant of up to $20,000 (or 20% of the purchase price, whichever is less) toward down payment, closing costs, and housing counseling costs. The funds are delivered through participating FHLBI member financial institutions, never directly to households, and are subject to a five-year retention agreement under which a pro-rated amount may be recaptured from net proceeds if the home is sold or refinanced within five years. Up to $20,000 toward down payment, closing costs and housing counseling. Grant forgiven over 5-year retention period. Available with first mortgage through participating FHLBI member lenders. Los fondos provienen de FHLBank Indianapolis Affordable Housing Program (AHP) Homeownership Initiatives set-aside.

Launch – Down Payment Assistance ofrece entre $1,000 y $20,000 de ayuda. Aporte del comprador de vivienda: Homebuyer must contribute a minimum of $500 in personal cash funds (earnest money, cash to close, or closing costs paid outside of closing). El programa se puede combinar con May be combined with a first mortgage from a participating FHLBI member; cannot stack a second FHLB grant on the same property. Los montos son los máximos publicados por el programa, no una oferta: Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) determina cualquier ayuda individual.

Launch – Down Payment Assistance 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 Pro-rated repayment from net proceeds if the home is sold or refinanced within the 5-year retention period; exceptions for sale/transfer to a very low-, low-, or moderate-income household, qualifying refinances, death of sole owner, or when calculated repayment is less than $2,500. La ayuda se registra con un gravamen en posición Subordinate (retention agreement/lien filed with municipal office). 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.

Launch – Down Payment Assistance 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 interest in a principal residence during the 3-year period ending on the purchase date. Se requiere un curso de educación para compradores de vivienda, a través de Any organization experienced in homebuyer/homeowner counseling; completion certificate required; may be in-person or online. Requisito de residencia: Property must be purchased in Indiana or Michigan and occupied as primary residence by all individuals in title.

Launch – Down Payment Assistance 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 area median income (AMI) for household size and the county where the property is located, at the time of enrollment. 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.

Launch – Down Payment Assistance limita el precio de compra así: No stated maximum purchase price; subsidy capped at lesser of $20,000 or 20% of purchase price. Los tipos de propiedad elegibles incluyen Single Family, Condo, Townhouse, 2-4 Unit, Manufactured y Co-op. La construcción nueva no es elegible. Las viviendas prefabricadas son elegibles.

Launch – Down Payment Assistance atiende a compradores de vivienda que compran en cualquier lugar de Indiana.

Las solicitudes de Launch – Down Payment Assistance se tramitan a través de Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de First-come, first-served via FHLBI member through the .GIVES online system until funds exhausted. 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.