Down Payment and Closing Cost Assistance - Start

Down Payment and Closing Cost Assistance - Start es un segundo préstamo diferido para compradores de vivienda en Statewide, North Dakota. NDHFA 0% deferred second mortgage of up to 5% of the first mortgage amount with no monthly payments; balance due on sale, refinance, payoff, or non-owner-occupancy. Higher tier than DCA. FTHB required. Pairs with NDHFA Start first mortgage. Statewide. NDHFA Down Payment & Closing Cost Assistance - Start is the North Dakota Housing Finance Agency's higher-tier deferred second mortgage for first-time homebuyers needing more assistance than the standard DCA tier. Eligible FTHB borrowers may receive a 0% interest second mortgage of up to 5% of the first mortgage amount with NO monthly payments. The full balance is due on sale, refinance, payoff of the first mortgage, transfer of title, or non-owner-occupancy. Funds may be used for down payment and/or closing costs. Start pairs with the NDHFA Start first mortgage (slightly higher interest rate than FirstHome to fund the larger 5% second). Los fondos provienen de State y Bond.

Down Payment and Closing Cost Assistance - Start 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 Full balance due on sale, refinance, payoff of first mortgage, transfer of title, or property ceasing to be borrower's primary residence. No monthly payments during life of first mortgage. La ayuda se registra con un gravamen en posición 2nd Lien. 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 and Closing Cost Assistance - Start 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: FTHB requirement waived in federally designated targeted census tracts and for honorably discharged veterans. Sobre el crédito, el programa indica: 640 minimum representative mid-FICO. Se requiere un curso de educación para compradores de vivienda, a través de NDHFA-approved homebuyer education provider (Framework, eHome America, NeighborWorks ND-affiliated agencies, HUD-approved counseling agencies operating in ND). Requisito de residencia: Property must be located in North Dakota and serve as the borrower's principal residence. Ciudadanía o situación migratoria: U.S. citizen, permanent resident alien, or qualifying non-permanent resident alien per first-mortgage product overlays. Must qualify for and be paired with an NDHFA Start first mortgage. First-time homebuyer required (no homeownership in prior 3 years), waived in federally targeted census tracts and for honorably discharged veterans. Borrower household income within NDHFA published limits ($93,500 1-2p lower-county up to $110,000 3+p Williston Basin / targeted - higher minimum income floor than DCA reflects ability to qualify for 5% second). Purchase price within NDHFA limits ($481,176 non-targeted / $616,111 targeted per 2025-2026 schedule). 640 mid-FICO minimum. 50% max DTI. $500 minimum borrower contribution. Owner-occupied principal residence. Cannot be combined with DCA on the same transaction.

Down Payment and Closing Cost Assistance - Start limita el ingreso del hogar a $110,000. 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.

Down Payment and Closing Cost Assistance - Start limita el precio de compra a $616,111. Los tipos de propiedad elegibles incluyen Single-family detached, condominium, townhouse, PUD y manufactured home on permanent foundation per servicer overlays. 1-unit owner-occupied primary residences. La construcción nueva es elegible. Las viviendas prefabricadas son elegibles.

Down Payment and Closing Cost Assistance - Start menciona a veteranos, miembros del servicio militar activo, reservistas y miembros de la Guardia Nacional y cónyuges sobrevivientes entre los grupos a los que atiende. 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.

Down Payment and Closing Cost Assistance - Start atiende a compradores de vivienda que compran en Statewide, North Dakota. El programa se dirige a áreas específicas: Federally designated IRS targeted census tracts (per Section 143) where NDHFA waives FTHB requirement and applies higher income / purchase price limits. Williston Basin / Bakken oil-patch counties also receive higher income limits under NDHFA's energy-impact county classification.

Las solicitudes de Down Payment and Closing Cost Assistance - Start 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 Reserved by NDHFA-approved participating lender via NDHFA Lender Online portal at the time of first-mortgage rate lock. 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.