East Trenton Collaborative (ETC) Down Payment Assistance Program

East Trenton Collaborative (ETC) Down Payment Assistance Program es un préstamo condonable para compradores de vivienda en Trenton, New Jersey. The East Trenton Collaborative (ETC) Down Payment Assistance Program is a place-based DPA grant operated by NJCC's Address Yourself(TM) program in partnership with the East Trenton Collaborative, a community-based organization focused on revitalizing the East Trenton neighborhood. The program provides up to $10,000 in down payment assistance to income-eligible first-time buyers purchasing 1-4 family primary residences within East Trenton (North Ward of Trenton). Funds may be used for down payment and closing costs. Structured as a 5-year forgivable grant. Provides up to $10,000 in down payment assistance grants to income-eligible buyers purchasing a 1-4 family primary residence in the East Trenton neighborhood of Trenton's North Ward. Minimum grant is $5,000 or the total of estimated down payment and closing costs (whichever is greater, up to $10,000). Five-year forgivable. 0% interest, no monthly payment. Los fondos provienen de Nonprofit y Foundation.

East Trenton Collaborative (ETC) 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, refinance (without subordination), or property no longer used as primary residence prior to 5-year forgiveness y balance forgiven 20% per year. 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.

East Trenton Collaborative (ETC) 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 (no ownership in prior 3 years). 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 within the East Trenton neighborhood of Trenton (Mercer County), NJ, and used as the borrower's primary residence. Ciudadanía o situación migratoria: U.S. citizen, qualified non-citizen, or ITIN holder eligible. Property must be located within the East Trenton neighborhood (North Ward) of Trenton, NJ. Owner-occupied 1-4 family primary residence only (no investment / second homes). Must enroll in the Address Yourself homeownership program and complete HUD-approved pre-purchase counseling. ITIN holders eligible. Income must comply with HUD AMI guidelines (100% AMI by household size for Mercer County).

East Trenton Collaborative (ETC) Down Payment Assistance Program limita el ingreso del hogar al 100% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Up to 100% of HUD Area Median Income for Mercer County, adjusted for household size. Approximate range (2025 HUD): 1-person ~ $88,400; 4-person ~ $126,200; 8-person ~ $166,600. Statewide cross-county range $88,400 - $166,600. 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.

East Trenton Collaborative (ETC) Down Payment Assistance Program limita el precio de compra así: No published maximum purchase price; subject to first-mortgage product limits. 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.

East Trenton Collaborative (ETC) Down Payment Assistance Program atiende a compradores de vivienda que compran en Trenton, New Jersey. El programa se dirige a áreas específicas: Eligible only for properties in the East Trenton neighborhood (North Ward) of Trenton, NJ. Place-based program designed to support revitalization of East Trenton.

Las solicitudes de East Trenton Collaborative (ETC) 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 application process once borrower is enrolled, preapproved, and under contract on a property in East Trenton. 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.