United Way of the Wabash Valley Home Down Payment Assistance Program

United Way of the Wabash Valley Home Down Payment Assistance Program es una subvención para compradores de vivienda en Terre Haute, Indiana, a cargo de United Way of the Wabash Valley. A joint venture between United Way of the Wabash Valley and partnering Wabash Valley financial institutions that provides up to 5% in assistance (3% toward down payment and 2% toward closing costs) for the purchase of a home priced up to $80,000, with assistance capped at $4,000 for higher-priced homes. Households at or below 80% of county Area Median Income who invest at least $1,000 of their own funds and complete financial literacy education may qualify. Assistance is provided at closing and secured by a recorded Recapture Agreement requiring the buyer to remain in the home for 5 years. Up to 5% / $4,000 toward down payment and closing costs. No interest, no monthly payments. Forgiven after 5 years of owner-occupancy. Open to repeat buyers (not first-time-only). Paired with specialized lender mortgage packages. Los fondos provienen de United Way of the Wabash Valley and partnering financial institutions.

United Way of the Wabash Valley Home Down Payment Assistance Program ofrece hasta $4,000 de ayuda. Aporte del comprador de vivienda: Applicant must invest $1,000 of their own funds. El programa se puede combinar con Specialized mortgage packages from participating banks (Hometown Savings Bank, First Financial Bank, Fifth Third Bank, First Farmers Bank & Trust, Fairway Home Mortgage). Los montos son los máximos publicados por el programa, no una oferta: United Way of the Wabash Valley determina cualquier ayuda individual.

United Way of the Wabash Valley Home Down Payment Assistance Program está estructurado como una subvención, así que no se devuelve. El reembolso se activa por Prorated repayment if borrower does not remain in the home for 5 years, per the recorded Recapture Agreement with UWWV. 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.

United Way of the Wabash Valley Home Down Payment Assistance Program está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Se requiere un curso de educación para compradores de vivienda, a través de Applicant must complete 8 hours of approved financial literacy classes prior to closing, or provide proof of completing such courses within the last year. Requisito de residencia: New residence must be located in Clay, Parke, Sullivan, Vermillion, or Vigo County, Indiana, or Clark County, Illinois. Ciudadanía o situación migratoria: Applicant must be a U.S. citizen or a legal resident with a Social Security number. Submit completed Eligibility Requirements form (signed by applicant and financial partner) to Michele Bennett, UWWV Community Impact Manager (mbennett@uwwv.org). Counties served: Clay, Parke, Sullivan, Vermillion, Vigo (IN) and Clark (IL). Education = 8 hours of financial literacy.

United Way of the Wabash Valley Home 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. Entire household income must be under 80% of the county's Area Median Income (HUD limits); proof of income required. 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.

United Way of the Wabash Valley Home Down Payment Assistance Program se puede usar para Single Family.

United Way of the Wabash Valley Home Down Payment Assistance Program atiende a compradores de vivienda que compran en Terre Haute, Indiana.

Las solicitudes de United Way of the Wabash Valley Home Down Payment Assistance Program se tramitan a través de United Way of the Wabash Valley, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Lender or applicant contacts UWWV to confirm funds available; signed Eligibility Requirements form approved by UWWV reserves funds; 2 months to close once approved. 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.