First Time Buyer / Down Payment Assistance Program

First Time Buyer / Down Payment Assistance Program es un segundo préstamo diferido para compradores de vivienda en Taunton, Massachusetts. The City of Taunton First Time Buyer / Down Payment Assistance Program, administered by the Office of Economic and Community Development (OECD), provides 0% interest deferred-payment second mortgages to income-qualified first-time buyers purchasing in Taunton. Funded by HUD HOME and CDBG funds passed through the City under its Annual Action Plan, the program assists low-to-moderate-income buyers with down-payment and closing-cost needs for 1-3 unit homes. Buyers must complete CHAPA-approved homebuyer education and meet a 680 minimum FICO requirement. Awards are first-come, first-served as funds are available. Down payment and closing-cost assistance for income-qualified first-time buyers purchasing 1-3 unit homes in Taunton. Provided as a deferred-payment 0% interest second mortgage. Awards typically up to $20,000 (subject to availability). Loan is repaid only at sale, refinance with cash-out, transfer, or loss of owner-occupancy during the affordability period. Los fondos provienen de HOME, CDBG, Federal y Local Government.

First Time Buyer / Down Payment Assistance 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 Due in full at sale, refinance with cash-out, transfer, or loss of owner-occupancy during the affordability period. 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.

First Time Buyer / 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: First-time buyer required (no ownership in past 3 years). Sobre el crédito, el programa indica: 680 minimum FICO per City of Taunton underwriting standards. Se requiere un curso de educación para compradores de vivienda, a través de Pro-Home, Inc., NeighborWorks Housing Solutions y other HUD-approved/CHAPA-certified counseling agencies. Requisito de residencia: Property must be located in the City of Taunton and used as the borrower's primary residence. Ciudadanía o situación migratoria: U.S. citizen or eligible non-citizen per first-mortgage product and HUD HOME rules. First-time buyer required (no ownership in past 3 years). Property must be located in the City of Taunton and used as principal residence. Buyer must complete CHAPA-approved homebuyer education and obtain pre-approval. Loan is 0% deferred, repayable on sale, refinance, transfer, or loss of owner-occupancy. Awarded first-come, first-served. Funded by HUD HOME and CDBG via the City's Annual Action Plan. Maximum FICO 680.

First Time Buyer / 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% HUD AMI for the Providence-Warwick MA-RI HMFA (FY2025): approx. 1-person $66,250 to 8-person $124,900. El límite se aplica al ingreso total del hogar, no solo al del prestatario. El programa indica un tamaño máximo de hogar de 8. 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.

First Time Buyer / Down Payment Assistance Program limita el precio de compra a $775,000. Los tipos de propiedad elegibles incluyen Single-family detached, Condominium y 2-3 unit owner-occupied. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

First Time Buyer / Down Payment Assistance Program atiende a compradores de vivienda que compran en Taunton, Massachusetts.

Las solicitudes de First Time Buyer / 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 First-come, first-served via OECD; rolling intake based on availability of HOME/CDBG funds. 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.