Down Payment Assistance Loan

Down Payment Assistance Loan es un segundo préstamo diferido para compradores de vivienda en Portland, Oregon. Portland Housing Bureau's Down Payment Assistance Loan provides up to $100,000 as a 0% interest, deferred-payment second mortgage to first-time homebuyers purchasing a home within the City of Portland. Administered through partner agencies (Portland Housing Center, Hacienda CDC, NAYA, African American Alliance for Homeownership, Proud Ground). The N/NE Preference Policy gives priority to applicants with generational ties to displaced North/Northeast Portland communities. Up to $100,000 in down payment and closing cost assistance as a 0% interest deferred-payment second mortgage. Loan is repaid upon sale, refinance, transfer, or when the home is no longer owner-occupied. Funds prioritized for buyers in N/NE Portland Preference Policy areas. Los fondos provienen de City, TIF y HOME.

Down Payment Assistance Loan 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 Sale, transfer, refinance (without subordination), or property no longer owner-occupied y full principal due (deferred). 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.

Down Payment Assistance Loan 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: N/NE Preference Policy applicants may be exempt from first-time-homebuyer requirement. Sobre el crédito, el programa indica: Typically 640 minimum FICO; some partner agencies may accept 620. Se requiere un curso de educación para compradores de vivienda, a través de HUD-approved housing counseling agencies including Portland Housing Center, Hacienda CDC, Native American Youth and Family Center (NAYA), African American Alliance for Homeownership, Proud Ground. Requisito de residencia: Property must be located within City of Portland limits. Ciudadanía o situación migratoria: U.S. citizen or qualified non-citizen. Must work with a PHB-approved homeownership counseling/education agency (the 'partner agency') that delivers DPA. Pre-purchase homebuyer education required. Property must be located within Portland city limits. N/NE Preference Policy applicants receive priority. Borrower contribution and reserves requirements apply per partner agency.

Down Payment Assistance Loan limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income at or below 80% Area Median Income (AMI) for Portland-Vancouver-Hillsboro MSA. 2025-2026 80% AMI: 1-person $63,650; 2-person $72,750; 3-person $81,850; 4-person $90,900; 5-person $98,200. Higher tier for some partner-agency programs allows up to 100% AMI ($163,812 for larger households). 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.

Down Payment Assistance Loan limita el precio de compra así: Set by partner agency / PHB underwriting; typically aligned with FHA loan limits or Portland market value. Los tipos de propiedad elegibles incluyen 1-unit single-family, condominium, townhome, attached PUD y some partner agencies allow 2-4 unit owner-occupied. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Down Payment Assistance Loan atiende a compradores de vivienda que compran en Portland, Oregon. El programa se dirige a áreas específicas: N/NE Portland Preference Policy area (census tracts in N/NE Portland with history of displacement).

Las solicitudes de Down Payment Assistance Loan 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 Application through PHB partner agency; funds reserved upon counseling completion and pre-approval. 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.