CHAI Homebuyer Assistance Loan

CHAI Homebuyer Assistance Loan es un segundo préstamo diferido para compradores de vivienda en Baltimore, Maryland, a cargo de Comprehensive Housing Assistance, Inc. (CHAI). CHAI's Homebuyer Assistance Loan offers eligible first-time homebuyers up to $10,000 toward closing costs and buyers' fees in northwest Baltimore City. It is a zero-interest, 10-year deferred second mortgage with no payments for the first 5 years; at the start of the 6th year the loan re-amortizes and the borrower makes equal monthly payments for the remainder of the term. The loan is secured by a Deed of Trust, requires the property remain the primary residence, and may be combined with other assistance programs. Up to $10,000 for closing costs/buyers' fees. Zero interest throughout. No payments for first 5 years. Affordable equal monthly payments years 6-10. Funds available at closing. Combinable with other programs.

CHAI Homebuyer Assistance Loan ofrece hasta $10,000 de ayuda. El programa se puede combinar con Other assistance programs. Los montos son los máximos publicados por el programa, no una oferta: Comprehensive Housing Assistance, Inc. (CHAI) determina cualquier ayuda individual.

CHAI Homebuyer Assistance Loan 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 10-year term, 0% interest: no payments for first 5 years; loan re-amortizes at start of 6th year with equal monthly payments for the remaining term. Repayable if borrower refinances for cash-out or takes a HELOC during the term, or if the property ceases to be the primary residence. La ayuda se registra con un gravamen en posición Second. 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.

CHAI Homebuyer Assistance Loan 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: Must not have owned a principal residence in the past three years. Sobre el crédito, el programa indica: 640 for at least one borrower. Se requiere un curso de educación para compradores de vivienda, a través de Homebuyer education workshop plus one-on-one counseling with a HUD-approved housing counselor (prior to sales contract). [Unparsed numeric values moved to notes: max_liquid_assets: 20% of purchase price (excluding retirement accounts)] Funds cannot be used to meet the borrower's equity requirement; maximum down payment of 10%; borrower must maintain homeowners insurance listing CHAI as additional mortgagee; refinance cash-out or HELOC during term triggers payoff; apply through a licensed lender via CHAI's secure lender portal.

CHAI Homebuyer Assistance Loan limita el ingreso del hogar al 100% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Total household income at or below 100% AMI based on household size; includes all income from individuals aged 18 or over. 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.

CHAI Homebuyer Assistance Loan limita el precio de compra a $499,650. Los tipos de propiedad elegibles incluyen Single Family, Townhouse y Condo. La construcción nueva no es elegible.

CHAI Homebuyer Assistance Loan atiende a compradores de vivienda que compran en Baltimore, Maryland. El programa se dirige a áreas específicas: Homes in the 21215 zip code including Cheswolde, Cross Country, Fallstaff, Glen, and Mount Washington.

Las solicitudes de CHAI Homebuyer Assistance Loan se tramitan a través de Comprehensive Housing Assistance, Inc. (CHAI), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. 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.