Home Town: First Time Homebuyer program

Home Town: First Time Homebuyer program es un préstamo condonable para compradores de vivienda en Portsmouth, New Hampshire. City of Portsmouth FTHB DPA forgivable second mortgage: up to $20,000 for first-time buyers purchasing in Portsmouth. 5-year affordability period. 120% AMI limit. City-Specific (Portsmouth only). City of Portsmouth's Home Town: First Time Homebuyer program provides a forgivable second-mortgage DPA loan for first-time homebuyers purchasing within the City of Portsmouth, NH. Up to $20,000 in down-payment / closing-cost assistance, structured as a 0%-interest forgivable second mortgage with a 5-year affordability period (forgiven after 5 years of continued owner-occupancy. recoverable on a pro-rata basis if borrower sells / refinances / transfers / vacates within 5 years). Funded via HUD HOME / CDBG entitlement allocation to the Portsmouth Community Development Department. Pairs with FHA, USDA-RD, VA, conventional, or NH Housing first mortgage from any qualifying lender. Income limits up to 120% AMI for the Portsmouth-Rockingham service area: $110,208 (1-person) - $182,630 (8+ person household). Borrower contribution $1,500 minimum. Homebuyer education required. Los fondos provienen de Federal y Local.

Home Town: First Time Homebuyer program se perdona después de 5 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por 5-year affordability period (0% interest forgivable second). If borrower sells, refinances with cash-out, transfers title, or vacates as primary residence within 5 years, balance is repayable on pro-rata basis (1/60 forgiven per month). After 5 years of continued owner-occupancy, lien is released and assistance is fully forgiven. 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.

Home Town: First Time Homebuyer 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: FTHB requirement waived for displaced homemakers and single parents per HUD HOME definition. Sobre el crédito, el programa indica: Per first-mortgage product overlays; City of Portsmouth does not impose a separate FICO minimum. Se requiere un curso de educación para compradores de vivienda, a través de HUD-certified homebuyer education providers including NeighborWorks Southern NH, The Way Home, and AHEAD. Requisito de residencia: Property must be located within the City of Portsmouth, NH boundaries (city limits) and be the borrower's primary residence. Ciudadanía o situación migratoria: U.S. citizen or qualifying permanent resident. Must be a first-time homebuyer (no ownership of a primary residence in past 3 years). Property must be located within the City of Portsmouth, NH city limits. Owner-occupied primary residence. Household income at or below 120% AMI for the Portsmouth HUD service area: $110,208 (1-person) to $182,630 (8+ person) per HUD MFI table. Borrower must contribute a minimum of $1,500 of own funds. 5-year affordability period (forgivable on continued owner-occupancy; recoverable pro-rata if borrower vacates / sells / refinances within 5 years). HUD-certified homebuyer education required. HUD compliance: lead-based paint review (pre-1978 properties), Section 504 accessibility review.

Home Town: First Time Homebuyer program limita el ingreso del hogar al 120% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. City of Portsmouth / HUD income limits at or below 120% AMI: $110,208 (1-person) to $182,630 (8+ person) per HUD MFI table for Portsmouth-Rockingham, NH HUD Metro FMR Area. Higher AMI tier than Nashua reflects Portsmouth's higher cost of living and 120% (vs. 80%) AMI ceiling. 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.

Home Town: First Time Homebuyer program limita el precio de compra así: Per HUD-set maximum acquisition price for Portsmouth area (typically updated annually). Los tipos de propiedad elegibles incluyen Single-family detached, condominium, townhouse, 2-unit owner-occupied. 3-4 unit on case-by-case review. La construcción nueva es elegible. Las viviendas prefabricadas son elegibles.

Home Town: First Time Homebuyer program menciona a veteranos, miembros del servicio militar activo, reservistas y miembros de la Guardia Nacional, cónyuges sobrevivientes y compradores de vivienda con discapacidades 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.

Home Town: First Time Homebuyer program atiende a compradores de vivienda que compran en Portsmouth, New Hampshire.

Las solicitudes de Home Town: First Time Homebuyer 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 directly with City of Portsmouth Community Development Department upon application; subject to fund availability. 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.