First Home First Loan (FHFL) Down Payment Assistance Program

First Home First Loan (FHFL) Down Payment Assistance Program es un segundo préstamo diferido para compradores de vivienda en Condado de Summit, Ohio, a cargo de County of Summit Department of Community & Economic Development (with Community Building Partnership of Summit County). The County of Summit's First Home First Loan (FHFL) program assists eligible low-to-moderate-income first-time homebuyers residing within Summit County by providing a 3:1 match (up to $12,000) of the buyer's own contribution toward down payment and/or closing costs. Assistance is a 0% interest deferred second-mortgage loan due upon sale, transfer, or when the home stops being the primary residence. Residents buying in Akron, Barberton, or Cuyahoga Falls are ineligible because those cities run their own programs. Up to $12,000 in assistance. 0% interest. Deferred loan (no monthly payments). Covers down payment and/or closing costs. 3:1 match of buyer funds. Los fondos provienen de HOME Investment Partnerships Program (HUD).

First Home First Loan (FHFL) Down Payment Assistance Program ofrece entre $1,500 y $12,000 de ayuda. El programa pide a los compradores de vivienda aportar $500. Los montos son los máximos publicados por el programa, no una oferta: County of Summit Department of Community & Economic Development (with Community Building Partnership of Summit County) determina cualquier ayuda individual.

First Home First Loan (FHFL) Down Payment Assistance Program 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 Due upon sale or transfer of the home, or when the home is no longer used as the applicant's primary residence. La ayuda se registra con un gravamen en posición second. 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.

First Home First Loan (FHFL) 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: Has not owned a home in the last 3 years; single parent/displaced homemaker who only owned with a former spouse; or someone who only owned a principal residence not on a permanent foundation. Sobre el crédito, el programa indica: No stated minimum score; applicant must provide an initial credit report for applicant and co-applicant and meet lender underwriting. Se requiere un curso de educación para compradores de vivienda, a través de HUD-approved certified housing counseling course. Requisito de residencia: Applicant must reside within the County of Summit corporate limits; home purchased must be in Summit County but NOT in Akron, Barberton, or Cuyahoga Falls (those cities run their own programs). Applicant must be a Summit County resident; 3:1 match means buyer contributes minimum $500 (to receive $1,500) up to $4,000 (to receive $12,000). Front-end DTI capped at 31% (PITI) and back-end at 43%. Annual owner-occupancy Occupancy Certificate signed each year. Closing handled by Community Building Partnership of Summit County. income_limit_amount (4-person 80% AMI dollar figure) not stated on page; HUD MSA assumed Akron based on county.

First Home First Loan (FHFL) Down Payment Assistance Program limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income must be at or equal to 80% of Area Median Income as published annually by HUD; based on gross income of all household residents over age 18 and household size. 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.

First Home First Loan (FHFL) Down Payment Assistance Program limita el precio de compra a $163,000. Los tipos de propiedad elegibles incluyen Condo, Single Family y Townhouse. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

First Home First Loan (FHFL) Down Payment Assistance Program atiende a compradores de vivienda que compran en Condado de Summit, Ohio.

Las solicitudes de First Home First Loan (FHFL) Down Payment Assistance Program se tramitan a través de County of Summit Department of Community & Economic Development (with Community Building Partnership of Summit County), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de First-come, first-served as funding is available; applications currently open. 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.