OHFA Down Payment Assistance

OHFA Down Payment Assistance es un segundo préstamo diferido para compradores de vivienda en Statewide, Ohio. OHFA Down Payment Assistance is OHFA's standard DPA option for first-time homebuyers (and qualified veterans / targeted area buyers) using the OHFA Your Choice! first mortgage. Borrowers select either 2.5% or 5% of the purchase price as a 0% interest, deferred second mortgage. The DPA carries no monthly payment and is forgiven if the borrower stays in the home for 7 years; otherwise it is repaid upon sale, refinance, or transfer. OHFA Down Payment Assistance provides a 0% interest, deferred second mortgage equal to either 2.5% or 5% of the home's purchase price to help with down payment, closing costs, or pre-paid items. Borrowers choose the tier at application: the 2.5% option carries a slightly lower first-mortgage interest rate, while the 5% option carries a slightly higher first-mortgage rate. The DPA is fully forgiven only if the borrower stays in the home for 7 years (no payments and no interest). otherwise the full balance is due upon sale, refinance, or transfer of title. The DPA must be paired with an OHFA first-mortgage product (Your Choice! or YourChoice). Los fondos provienen de Tax-exempt Mortgage Revenue Bonds and other OHFA capital sources.

OHFA Down Payment Assistance ofrece una ayuda equivalente al 2.5% del precio de compra, según lo fija el programa. Aporte del comprador de vivienda: No OHFA-imposed minimum borrower contribution; loan-product overlays (FHA/VA/USDA/Conventional) apply. Los montos son los máximos publicados por el programa, no una oferta: la agencia que administra el programa determina cualquier ayuda individual.

OHFA Down Payment Assistance 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 Full balance due if home is sold, refinanced (without subordination), title transferred, or no longer occupied as principal residence within 7 years y lien fully forgiven at end of year 7. 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.

OHFA Down Payment Assistance 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 (3-year non-ownership) requirement is waived for qualifying veterans and for buyers purchasing in federally designated targeted census tracts (Target Area). Sobre el crédito, el programa indica: 640 minimum FICO for FHA, VA, and USDA-RD loans; 650 minimum FICO for conventional loans (including Fannie Mae HFA Preferred and Freddie Mac HFA Advantage) and for manufactured home loans. Se requiere un curso de educación para compradores de vivienda, a través de Free Streamlined Homebuyer Education from OHFA online (eHome America-powered) required prior to closing for all borrowers; HUD-approved counseling agencies also accepted. Requisito de residencia: Property must be in Ohio and occupied as principal residence within 60 days of closing. Ciudadanía o situación migratoria: U.S. citizen or qualified non-citizen per agency loan-product guidelines. Must be a first-time homebuyer (no ownership in a principal residence in the last 3 years) UNLESS purchasing in a federal targeted-area census tract OR qualifying as a veteran. Must use an OHFA first-mortgage product (Your Choice!) and meet OHFA income and purchase price limits (which vary by county and household size). Must occupy as principal residence within 60 days of closing. 640 minimum FICO for FHA/VA/USDA; 650 minimum FICO for conventional and manufactured homes. Maximum 50% DTI. Borrower must complete OHFA streamlined homebuyer education prior to closing.

OHFA Down Payment Assistance limita el ingreso del hogar a $179,480. 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.

OHFA Down Payment Assistance limita el precio de compra a $1.4M. Los tipos de propiedad elegibles incluyen Single-family detached, condominiums, townhomes, 1-unit owner-occupied, eligible manufactured homes (must be permanently affixed and meet OHFA/agency guidelines) y 2-unit allowed only in target areas where existing residence. La construcción nueva es elegible. Las viviendas prefabricadas son elegibles.

OHFA Down Payment Assistance menciona a veteranos, miembros del servicio militar activo, reservistas y miembros de la Guardia Nacional, cónyuges sobrevivientes, compradores de vivienda indígenas americanos y nativos de Alaska, educadores, agentes del orden público, bomberos, trabajadores de la salud 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.

OHFA Down Payment Assistance atiende a compradores de vivienda que compran en Statewide, Ohio. El programa se dirige a áreas específicas: Federal target areas (qualified census tracts) in Ohio where the FTHB requirement is waived and higher income/purchase-price limits apply. List of target areas published by OHFA at https://www.ohiohome.org/homebuyer/targetarea.aspx.

Las solicitudes de OHFA Down Payment Assistance 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 Lender reserves rate, first-mortgage funds, and DPA via OHFA's Lender Online portal on a first-come, first-served basis. 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.