FHA Closing Cost Assistance Loan Program

FHA Closing Cost Assistance Loan Program es una subvención para compradores de vivienda en Reading, Pennsylvania. Neighborhood Housing Services of Greater Berks (NHS Greater Berks) is a HUD-approved housing counseling agency and CDFI-affiliated lender serving Berks County and the City of Reading, PA. NHS operates three distinct in-house lending products. The FHA Closing Cost Assistance Loan Program is a small amortizing second mortgage of up to $10,000, paired exclusively with an FHA-insured first mortgage, used to cover closing costs when the seller cannot contribute. NHS underwrites the second mortgage in tandem with the FHA first. Up to $10,000 in closing-cost assistance for buyers using an FHA-insured first mortgage to purchase a primary residence in NHS Greater Berks's service area. Provided as a small amortizing second mortgage at a low fixed rate, designed to bridge gaps that arise on FHA transactions where the seller cannot contribute the full closing cost. Los fondos provienen de NHS CDFI capital, PHFA Housing Trust Fund y Local Government.

FHA Closing Cost Assistance Loan Program está estructurado como una subvención, así que no se devuelve. El reembolso se activa por Amortizing monthly payments over the loan term y due on sale, refinance with cash-out, or transfer. La ayuda se registra con un gravamen en posición 2. 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.

FHA Closing Cost Assistance Loan Program está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: 620 minimum FICO. Se requiere un curso de educación para compradores de vivienda, a través de NHS Greater Berks HUD-approved housing counseling program - pre-purchase 8-hour homebuyer education and one-on-one counseling required. Requisito de residencia: Property must be located within Berks County / City of Reading service area and be the buyer's primary residence. Ciudadanía o situación migratoria: U.S. citizen or eligible non-citizen. Buyer must obtain an FHA-insured first mortgage from an NHS-approved lender, occupy the property as primary residence, complete NHS pre-purchase counseling and 8-hour homebuyer education, and meet a 620 minimum FICO. Household income between approximately $52,500 and $129,872 (Reading, PA MSA AMI tiers up through 140%). Property must be located in Berks County / City of Reading. Standard NHS asset, employment, and DTI underwriting applies.

FHA Closing Cost Assistance Loan Program limita el ingreso del hogar al 140% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income approximately $52,500 (1-person) up to $129,872 (8-person, ~140% Reading MSA AMI). Limits updated annually. El límite se aplica al ingreso total del hogar, no solo al del prestatario. El programa indica un tamaño máximo de hogar de 8. 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.

FHA Closing Cost Assistance Loan Program limita el precio de compra así: Tracks NHS Greater Berks underwriting guidelines. Los tipos de propiedad elegibles incluyen Single-family detached, Townhouse, Condominium y 2-4 unit (owner-occupied). La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

FHA Closing Cost Assistance Loan Program atiende a compradores de vivienda que compran en Reading, Pennsylvania. El programa se dirige a áreas específicas: Berks County, PA and the City of Reading.

Las solicitudes de FHA Closing Cost Assistance Loan 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 First-come, first-served; applicants apply directly through NHS Greater Berks lending team after first-mortgage 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.