Cash Assistance Mortgage Program

Cash Assistance Mortgage Program es un préstamo condonable para compradores de vivienda en Statewide, New Hampshire. NH Housing's flagship DPA: up to 4% of first-mortgage loan amount as a 0%-interest forgivable second mortgage. Forgiven 1% per year over 4 years. Pairs with Home First / Home Flex / Home Preferred / ROC Preferred. 620 FICO. Statewide. NH Housing's Cash Assistance Mortgage Program provides up to 4% of the base first-mortgage loan amount as down-payment / closing-cost assistance, structured as a 0%-interest forgivable second mortgage. The 4% second is forgiven on a pro-rata basis at 1% per year over 4 years of continued owner-occupancy. Pairs with NH Housing's Home First (FTHB), Home Flex (no FTHB requirement), Home Preferred (HFA conventional), or ROC Preferred (manufactured housing) first-mortgage products. (Home Flex Plus already bundles the 4% Cash Assistance, so Cash Assistance is implicit there.) Borrower must use a NH Housing-approved participating lender. 620 minimum FICO. Income limits up to $176,200 in higher-cost counties / $125,900-$144,785 non-targeted by household size. Acquisition cost up to $950,000 in higher-cost counties / $505,000 non-targeted. Homebuyer education required. Los fondos provienen de State.

Cash Assistance Mortgage Program se perdona después de 4 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por 0% interest. Forgiven 25% per year over 4 years of continued owner-occupancy. Unforgiven balance due on sale, refinance, transfer of title, or non-owner-occupancy before 4 years. No monthly payment. 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.

Cash Assistance Mortgage Program está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: 620 minimum FICO. Higher minimums per first-mortgage product overlays (e.g., 680 for HFA conventional under Home First). Se requiere un curso de educación para compradores de vivienda, a través de NH Housing-approved homebuyer education course (online via Framework or in-person via NH Housing-funded counseling agencies including AHEAD, NeighborWorks Southern NH, and The Way Home). Requisito de residencia: Property must be located in New Hampshire and be the borrower's primary residence. Ciudadanía o situación migratoria: U.S. citizen, permanent resident, or qualifying non-permanent resident alien per first-mortgage product overlays. Must be paired with a NH Housing Home First, Home Flex, Home Preferred, or ROC Preferred first mortgage. Owner-occupied primary residence. 620 minimum FICO. Maximum 45% DTI. Household income at or below NH Housing limits ($125,900 1-2 person / $144,785 3+ non-targeted; up to $151,080 / $176,200 in targeted/higher-cost counties). Maximum purchase price $505,000 non-targeted / up to $950,000 in higher-cost counties. Homebuyer education required. First-time-homebuyer status NOT required (Cash Assistance pairs with Home Flex which has no FTHB requirement). Borrower must remain in property as primary residence for the 4-year forgiveness term (1% forgiven per year).

Cash Assistance Mortgage Program limita el ingreso del hogar a $176,200. 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.

Cash Assistance Mortgage Program limita el precio de compra a $950,000. Los tipos de propiedad elegibles incluyen Single-family detached, 2-4 unit owner-occupied (per first-mortgage overlays), condominium (project-approved), townhouse, PUD, modular, and manufactured home on permanent foundation (ROC Preferred only for in-park manufactured housing). La construcción nueva es elegible. Las viviendas prefabricadas son elegibles.

Cash Assistance Mortgage Program 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.

Cash Assistance Mortgage Program atiende a compradores de vivienda que compran en Statewide, New Hampshire. El programa se dirige a áreas específicas: Federally designated targeted census tracts (per IRS Section 143) where MRB first-time-homebuyer requirement is waived and higher income / acquisition-cost limits apply. Higher-cost counties (Rockingham, Strafford, Hillsborough) have higher acquisition-cost limits up to $950,000.

Las solicitudes de Cash Assistance Mortgage 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 Reserved through NH Housing's online lender portal (Lender Online) at time of rate lock by approved participating lender. 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.