Shoreview First-time Homeowners Down Payment Assistance (Due-on-sale)

Shoreview First-time Homeowners Down Payment Assistance (Due-on-sale) es un segundo préstamo diferido para compradores de vivienda en Shoreview, Minnesota. Shoreview First-Time Homeowners Down Payment Assistance (Due-on-sale) is the low-income variant of the City of Shoreview's NWHP-administered DPA. Provides up to $20,000 as a 0% interest deferred second-mortgage loan with no monthly payments for buyers at or below 80% AMI purchasing in Shoreview. Principal is deferred until sale, transfer, payoff of primary mortgage, or loss of owner-occupancy. Funded by City of Shoreview HRA affordable housing funds. Up to $20,000 as a 0% interest due-on-sale deferred second-mortgage loan (no monthly payments) for first-time buyers in the City of Shoreview at incomes at or below 80% AMI. Principal payment deferred until sale, transfer of title, when the primary mortgage is paid off, or when the property ceases to be owner-occupied. Los fondos provienen de Local Government y HRA.

Shoreview First-time Homeowners Down Payment Assistance (Due-on-sale) 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, transfer of title, payoff of primary mortgage, or loss of owner-occupancy. 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.

Shoreview First-time Homeowners Down Payment Assistance (Due-on-sale) 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); standard exceptions apply. Sobre el crédito, el programa indica: Per first-mortgage lender; typically 620+. Se requiere un curso de educación para compradores de vivienda, a través de Minnesota Homeownership Center / Framework / NWHP-approved counseling agency. Requisito de residencia: Property must be located in City of Shoreview and used as borrower's principal residence. Ciudadanía o situación migratoria: U.S. citizen or qualified non-citizen per first-mortgage rules. Property must be in City of Shoreview. First-time buyer required. Income at or below 80% AMI: 1-person $66,300 to 4-person $124,950. Maximum acquisition price $425,000. Buyer must complete approved homebuyer education. Loan is fully deferred (no payments) - distinct from the amortizing variant for moderate-income buyers.

Shoreview First-time Homeowners Down Payment Assistance (Due-on-sale) 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 Minneapolis-St. Paul-Bloomington MSA: 1-person $66,300 to 4-person $124,950 (FY2025). El límite se aplica al ingreso total del hogar, no solo al del prestatario. El programa indica un tamaño máximo de hogar de 4. 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.

Shoreview First-time Homeowners Down Payment Assistance (Due-on-sale) limita el precio de compra a $425,000. Los tipos de propiedad elegibles incluyen Single-family detached, Townhome y Condominium. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Shoreview First-time Homeowners Down Payment Assistance (Due-on-sale) atiende a compradores de vivienda que compran en Shoreview, Minnesota.

Las solicitudes de Shoreview First-time Homeowners Down Payment Assistance (Due-on-sale) 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 Application via NWHP with City of Shoreview verification. 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.