Down Payment Assistance (DPA) Program

Down Payment Assistance (DPA) Program es un segundo préstamo diferido para compradores de vivienda en Durham, North Carolina. City of Durham deferred 0% second mortgage up to $80,000 for first-time homebuyers within Durham city limits. 80% AMI cap. 30-year affordability period; due on sale/transfer/refinance with shared-appreciation recapture. HOME/CDBG/local-bond funded. City of Durham Down Payment Assistance: up to $80,000 (in 2024/26 the program was significantly expanded from previous $20,000-$40,000 ceilings as part of the City's affordable-housing bond initiatives) for income-qualified first-time homebuyers purchasing a primary residence within Durham city limits. Structured as a 0% deferred second mortgage, due on sale/transfer/refinance with proportional shared-appreciation recapture, with a 30-year affordability term. Pairs with NCHFA, FHA, VA, USDA, and Conventional first mortgages. Required: HUD-approved homebuyer education (8 hours) and one-on-one counseling. Los fondos provienen de Federal HOME, Federal CDBG, Local Government y Local Bond.

Down Payment Assistance (DPA) Program se perdona después de 30 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Deferred 0% loan, principal due on sale, transfer, refinance (cash-out), or non-owner-occupancy. Some tiers carry shared-appreciation recapture y some are forgiven over 30 years. 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.

Down Payment Assistance (DPA) 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 FTHB requirement (no primary residence ownership past 3 years); displaced homemaker / single-parent exceptions per HUD. Sobre el crédito, el programa indica: Generally 640 minimum (per first-mortgage product); City does not impose its own credit-score floor beyond underwriter requirements. Se requiere un curso de educación para compradores de vivienda, a través de HUD-approved housing counseling agencies including Reinvestment Partners (Durham), HEPCDC, and OnTrack WNC. Requisito de residencia: Property must be located within City of Durham corporate limits and serve as borrower's primary residence. Ciudadanía o situación migratoria: U.S. citizen or eligible non-citizen (per HUD CDBG/HOME rules). First-time homebuyer (no ownership of primary residence in past 3 years). Owner-occupied primary residence within Durham city limits. Household income at or below 80% AMI for Durham-Chapel Hill HMFA (FY2025: 1-person $56,650 to 8-person $106,800). Property must pass HQS inspection. Pre-1978 properties require lead-based-paint risk assessment. 8-hour HUD-approved education plus 1-on-1 counseling. Minimum $1,000 buyer contribution. Reserve assets capped (typically 2-6 months PITI). Subject to City Community Development environmental review (HOME/CDBG).

Down Payment Assistance (DPA) 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% AMI for Durham-Chapel Hill HMFA per HUD Section 8. FY2025: 1-person $56,650 to 8-person $106,800. 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.

Down Payment Assistance (DPA) Program limita el precio de compra así: Subject to HUD HOME 95% area median sales price limits for Durham-Chapel Hill HMFA (refer to current HUD published values). Los tipos de propiedad elegibles incluyen Single-family detached, Townhome y Condominium. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Down Payment Assistance (DPA) Program atiende a compradores de vivienda que compran en Durham, North Carolina.

Las solicitudes de Down Payment Assistance (DPA) 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 Apply directly to City of Durham Community Development. Income certification, credit review, and property eligibility determination performed by City staff. Pre-purchase counseling certificate required. 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.