AtlantiCare Down Payment Assistance Program

AtlantiCare Down Payment Assistance Program es un préstamo condonable para compradores de vivienda en Atlantic City, New Jersey. The AtlantiCare Down Payment Assistance (DPA) Program is a partnership between AtlantiCare (a southern New Jersey healthcare system) and the Address Yourself(TM) homeownership program operated by New Jersey Community Capital. It provides grants up to $10,000 to AtlantiCare employees seeking to become first-time homeowners in Atlantic City. The standard grant is $5,000 anywhere in Atlantic City, with an enhanced $10,000 grant available in five place-based target neighborhoods (Chelsea, Ducktown, Bungalow Park, Venice Park, Midtown). The grant is structured as a 5-year forgivable second mortgage; the borrower must remain in the home for 5 years for full forgiveness. Funding is allocated annually and may pause when fully committed. Provides grants of $5,000 (for any home purchased in Atlantic City) or $10,000 (for homes purchased in select Atlantic City neighborhoods - Chelsea, Ducktown, Bungalow Park, Venice Park, and Midtown) to AtlantiCare healthcare-system employees who are first-time homebuyers. Grants have a 5-year forgivability term: 100% forgiven if the borrower remains in the home for 5 years. full balance repayable on sale or refinance of the first mortgage before the 5-year mark. Los fondos provienen de Employer y Nonprofit.

AtlantiCare Down Payment Assistance 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 Sale of the property or refinance of the first mortgage prior to the 5-year forgiveness period y full unforgiven balance is due. Loan is fully forgiven on the 5th anniversary of closing. 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.

AtlantiCare Down Payment Assistance 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: First-time homebuyer requirement applies (NJCC defines first-time as not having owned in prior 3 years per HUD/IRS standards). Sobre el crédito, el programa indica: Per first-mortgage product overlay (typically 620+ FICO). Se requiere un curso de educación para compradores de vivienda, a través de NJCC- and HUD-approved housing counseling agencies; pre-purchase counseling certificate (within 1 year) required. Requisito de residencia: Property must be located in Atlantic City, NJ and used as the borrower's primary residence. Ciudadanía o situación migratoria: U.S. citizen, qualified non-citizen, or ITIN holder eligible. Restricted to active AtlantiCare employees in good standing. Must be a first-time homebuyer purchasing a primary residence in Atlantic City. Borrower must contribute at least $1,500 of their own funds at the application date. Household income may not exceed 120% of the area median income for Atlantic County. Must enroll in the Address Yourself homeownership program, complete HUD-approved pre-purchase counseling, and obtain a mortgage preapproval from one of NJCC's approved lenders. ITIN holders are eligible.

AtlantiCare Down Payment Assistance Program limita el ingreso del hogar al 120% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Up to 120% of HUD Area Median Income for Atlantic County, adjusted for household size. 2025 Atlantic County 100% AMI 4-person ~ $98,100; 120% AMI ~ $117,700 (4-person). Range across household sizes 1-8 approximately $62,400 - $117,700 (for 4-person). See HUD AMI tables. 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.

AtlantiCare Down Payment Assistance Program limita el precio de compra así: No published maximum purchase price; subject to first-mortgage product limits and the borrower's ability to repay. Los tipos de propiedad elegibles incluyen 1-4 family residential property occupied as primary residence. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

AtlantiCare Down Payment Assistance Program menciona a trabajadores de la salud 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.

AtlantiCare Down Payment Assistance Program atiende a compradores de vivienda que compran en Atlantic City, New Jersey. El programa se dirige a áreas específicas: Enhanced $10,000 grant available only for properties in Atlantic City's Chelsea, Ducktown, Bungalow Park, Venice Park, and Midtown neighborhoods (place-based targeting). AtlantiCare itself serves multiple southern NJ counties (Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Ocean, Salem) but the DPA assistance is restricted to home purchases located in Atlantic City.

Las solicitudes de AtlantiCare Down Payment Assistance 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 Address Yourself / NJCC application process once borrower is enrolled, preapproved, and under contract. 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.