Baltimore Southwest Partnership Inc Down Payment Assistance Program

Baltimore Southwest Partnership Inc Down Payment Assistance Program es un segundo préstamo diferido para compradores de vivienda en Baltimore, Maryland. Project-based DPA for SWP-rehabilitated homeownership zones in Pigtown, Mount Clare, and Franklin Square (Southwest Baltimore). $5K-$20K typical, 0% deferred forgivable, 5-year retention (project-specific affordability covenant longer). 80% AMI, FTHB. Layered with State DHCD / City / CDFI subsidies. Down payment / closing-cost assistance for buyers purchasing in the Southwest Partnership (SWP) footprint - the seven Southwest Baltimore neighborhoods of Barre Circle, Franklin Square, Hollins Roundhouse, Mount Clare, Pigtown, Poppleton, and Union Square. Project-based DPA layered into SWP-rehabilitated homeownership zones in Pigtown (adjacent to Carroll Park), Mount Clare (Union Square / Wilkens Avenue), and Franklin Square (Franklin Square Park / Route 40 corridor). Typical assistance ranges $5,000-$20,000 depending on project, layered with State DHCD subsidies, City of Baltimore subsidies (V2V, BRNI, etc.), and CDFI funding. Structured as 0% deferred forgivable second mortgage with 5-year retention (or longer affordability period for more heavily subsidized projects). 80% AMI cap (income range $62,600-$118,050 per LendSquawk seed). FTHB only (typically). Pairs with Maryland Mortgage Program first mortgage and other FHA/VA/USDA/conventional first mortgages. Los fondos provienen de Foundation, State, Local Government y CDFI.

Baltimore Southwest Partnership Inc 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 Soft second, due on sale/transfer/cash-out refi/non-owner-occupancy. Forgiveness schedule project-specific (typically 5 years pro-rata y longer affordability covenant may apply on resale). 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.

Baltimore Southwest Partnership Inc 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: Standard 3-year FTHB lookback (typical). Sobre el crédito, el programa indica: No SWP-published minimum; first-mortgage lender's product minimums apply. Se requiere un curso de educación para compradores de vivienda, a través de Baltimore City-approved homeownership counseling agencies (NHS of Baltimore, GO Northwest, Druid Heights CDC, etc.). SWP refers buyers to partner counselors. Requisito de residencia: Property must be in SWP footprint (7 neighborhoods) and serve as primary residence. Ciudadanía o situación migratoria: Per first-mortgage product rules. Property must be in Southwest Partnership footprint (Barre Circle, Franklin Square, Hollins Roundhouse, Mount Clare, Pigtown, Poppleton, or Union Square) - typically an SWP-rehabilitated home in one of the three SWP homeownership zones (Pigtown, Mount Clare, Franklin Square). First-time homebuyer (typical). 80% AMI household income cap. Owner-occupied primary residence. $1,000+ buyer contribution (typical). Pre-purchase counseling certificate from Baltimore City-approved agency. Property-level affordability covenant typically applies (5-year retention plus longer-term resale price restriction).

Baltimore Southwest Partnership Inc Down Payment Assistance Program limita el ingreso del hogar al 100% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income at or below 80% AMI for Baltimore HMFA (~$62,600 1-person to $118,050 8-person per seed; verify with SWP for current cycle). 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.

Baltimore Southwest Partnership Inc Down Payment Assistance Program limita el precio de compra así: Per project sale price; SWP-rehabilitated homes typically priced under $250K-$300K. Los tipos de propiedad elegibles incluyen Single-family detached, Rowhouse y Townhome. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Baltimore Southwest Partnership Inc Down Payment Assistance Program atiende a compradores de vivienda que compran en Baltimore, Maryland. El programa se dirige a áreas específicas: TARGETED NEIGHBORHOODS: Southwest Partnership footprint - Barre Circle, Franklin Square, Hollins Roundhouse, Mount Clare, Pigtown, Poppleton, Union Square. Primary homeownership-zone activity in Pigtown, Mount Clare, and Franklin Square.

Las solicitudes de Baltimore Southwest Partnership Inc 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 Project-based; buyer applies for an SWP-rehabilitated home through SWP's homebuyer process. SWP coordinates DPA layering with state DHCD, city DHCD, and partner CDFI. 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.