Live+Work College Park Program

Live+Work College Park Program es un préstamo condonable para compradores de vivienda en College Park, Maryland, a cargo de College Park City-University Partnership. The College Park City-University Partnership's Live+Work College Park Program offers $20,000 in down payment and closing cost assistance structured as a zero-interest, 7-year forgivable loan to anyone employed full-time in the City of College Park or the University of Maryland's Discovery District who purchases a home within College Park city limits. No income limit applies; eligibility is based on employment location and home purchase location. The loan is secured by a deed of trust and a 10-year owner-occupancy covenant and is forgiven at the end of the 7-year term if all requirements are met. $20,000 forgivable loan for down payment or closing costs. Zero interest. Forgiven after 7 years if owner-occupied. Stackable with Maryland Mortgage Program and City grants. Open to UMD employees and all College Park employers. No income limit. Los fondos provienen de College Park City-University Partnership (funded jointly by City of College Park and University of Maryland).

Live+Work College Park Program ofrece hasta $20,000 de ayuda. El programa se puede combinar con Maryland Mortgage Program; MMP community partner match; City of College Park New Neighbor Homeownership Grant. Los montos son los máximos publicados por el programa, no una oferta: College Park City-University Partnership determina cualquier ayuda individual.

Live+Work College Park Program se perdona después de 7 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Sale or transfer of property; property ceases to be primary residence; failure to comply with program requirements. Partial repayment in years 1-7; fully forgiven at end of year 7. La ayuda se registra con un gravamen en posición Second (deed of trust recorded directly after any first mortgage). 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.

Live+Work College Park Program está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Requisito de residencia: Home must be purchased within the City of College Park, MD. Buyer need not reside in College Park prior to purchase. Applicant (or spouse) must be employed full-time (35+ hours/week) by an employer with a physical address in College Park city limits or the Discovery District. Cannot already own a home in College Park. Application required at least 3 weeks before settlement. $100 origination fee. Right of First Refusal: Partnership has 30-day purchase option if homebuyer sells within 10 years. One loan per employee/address. Contact: David Varnado, (240) 515-6000.

Live+Work College Park Program fija su límite de ingresos así: No income limit stated in program materials. 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.

Live+Work College Park Program limita el precio de compra así: No maximum purchase price stated; home must be within College Park city limits. Los tipos de propiedad elegibles incluyen Single Family, Townhouse y Condo. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Live+Work College Park Program está limitado a empleados de Must be employed full-time (at least 35 hours/week) by an employer physically located in the City of College Park city limits or at properties owned by the University of Maryland including the Discovery District. Newly hired relocating employees qualify with written provision. One loan per employee. Aparecer aquí significa que el programa menciona al grupo, no que pertenecer a él baste por sí solo para que un solicitante califique; las demás reglas de elegibilidad siguen aplicándose.

Live+Work College Park Program atiende a compradores de vivienda que compran en College Park, Maryland. El programa se dirige a áreas específicas: City of College Park city limits, Prince George's County, Maryland. Employer must be in College Park city limits or Discovery District.

Las solicitudes de Live+Work College Park Program se tramitan a través de College Park City-University Partnership, 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 pending availability. Funds reserved up to 90 days upon approval. Application due at least 3 weeks before settlement. 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.