First-Time Homebuyer Fund

First-Time Homebuyer Fund es una subvención para compradores de vivienda en Philadelphia, Pennsylvania. The Mt. Airy First-Time Homebuyer Fund is a neighborhood-targeted down-payment and closing-cost grant administered by the Mt. Airy Community Development Corporation. The Fund provides up to $10,000 in non-repayable grant assistance to first-time homebuyers purchasing a primary residence in the Mt. Airy neighborhood of Philadelphia. The program is funded by philanthropic contributions, foundation grants, and Philadelphia Housing Trust Fund pass-through dollars and is designed to attract owner-occupant buyers to Mt. Airy and stabilize neighborhood homeownership in a CDC-led revitalization strategy. Mt. Airy CDC layers this grant with the City of Philadelphia's Philly First Home program and PHFA programs to maximize buyer assistance. Up to $10,000 in down-payment and closing-cost assistance for first-time homebuyers purchasing a primary residence in the Mt. Airy neighborhood of Philadelphia (zip codes 19119 / 19150 and adjacent). Provided as a non-repayable grant funded by Mt. Airy CDC philanthropic contributions, foundation grants, and Philadelphia Housing Trust Fund pass-through. Designed to attract owner-occupant buyers to Mt. Airy and stabilize neighborhood homeownership. Los fondos provienen de Local Affordable Housing Trust Fund, Philanthropic, Foundation y Local Government.

First-Time Homebuyer Fund está estructurado como una subvención, así que no se devuelve. El reembolso se activa por Non-repayable grant subject to recapture if the buyer fails to occupy as primary residence during the grant retention period (typically 3-5 years). 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-Time Homebuyer Fund 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 (no ownership of principal residence in prior 3 years). Sobre el crédito, el programa indica: Underwriting follows first-mortgage product; no published Mt. Airy CDC credit floor. Se requiere un curso de educación para compradores de vivienda, a través de HUD-approved housing counseling agencies serving Philadelphia (commonly Mt. Airy CDC's own program or Clarifi); pre-purchase 8-hour education certificate required. Requisito de residencia: Property must be located within the Mt. Airy CDC service area (Mt. Airy neighborhood of Philadelphia, primarily zip codes 19119 / 19150) and occupied as primary residence for the grant retention period. Ciudadanía o situación migratoria: U.S. citizen or eligible non-citizen. Buyer must be a first-time homebuyer (no ownership of principal residence in prior 3 years), purchase a primary residence within the Mt. Airy CDC service area (Mt. Airy neighborhood of Philadelphia), complete pre-purchase counseling and 8-hour homebuyer education, and remain in the home as primary residence for the grant retention period. Household income approximately $62,500 (1-person, ~80% AMI) up to $110,700 (8-person, ~120% Philadelphia MSA AMI). Property must meet basic habitability standards.

First-Time Homebuyer Fund limita el ingreso del hogar al 120% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income approximately $62,500 (1-person at ~80% AMI) up to $110,700 (8-person at ~120% Philadelphia-Camden-Wilmington 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.

First-Time Homebuyer Fund limita el precio de compra así: Tracks Mt. Airy CDC underwriting guidelines and Philadelphia neighborhood comps. Los tipos de propiedad elegibles incluyen Single-family detached, Townhouse, Rowhouse, Condominium y 2-4 unit (owner-occupied). La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

First-Time Homebuyer Fund atiende a compradores de vivienda que compran en Philadelphia, Pennsylvania. El programa se dirige a áreas específicas: Mt. Airy neighborhood of Philadelphia, PA (zip codes 19119, 19150, and adjacent within the Mt. Airy CDC service area).

Las solicitudes de First-Time Homebuyer Fund 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 subject to annual Mt. Airy CDC fundraising and program allocation. 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.