Neighborhood Redevelopment Down-payment Assistance

Neighborhood Redevelopment Down-payment Assistance es un préstamo condonable para compradores de vivienda en Florence, South Carolina. City of Florence Community Services down-payment and closing-cost assistance for low- to moderate-income buyers purchasing newly constructed homes built by the City throughout the North, Northwest, and East Florence redevelopment neighborhoods. Assistance amount is determined case-by-case depending on the home purchased and is structured as a 15-year deferred, forgivable second mortgage. The City also pays a 4% realtor commission on behalf of the buyer. Pro-rated repayment is owed if the home is sold or no longer owner-occupied within the 15-year affordability period. Down-payment and closing-cost assistance toward the purchase of newly constructed City of Florence homes built in North, Northwest, and East Florence under the Neighborhood Redevelopment program. Amount of assistance varies and is provided on a case-by-case basis depending on the home purchased. Assistance is a 15-year deferred, forgivable second mortgage. The City pays a 4% realtor's fee on behalf of the buyer. No monthly payments. Fully forgiven at the 15-year anniversary if owner-occupancy is maintained. Los fondos provienen de City of Florence Neighborhood Redevelopment funds; CDBG and local funds; HUD Federal/Local.

Neighborhood Redevelopment Down-payment Assistance se perdona después de 15 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Sale of home, transfer of title, or failure to maintain the property as primary residence within the 15-year term triggers pro-rated repayment of the unforgiven balance to the City. After 15 years the lien is released. 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.

Neighborhood Redevelopment 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. “Comprador de vivienda por primera vez” suele significar no haber sido dueño de una vivienda en los últimos tres años, pero el programa fija su propia definición. Sobre el crédito, el programa indica: No published minimum FICO; lender underwriting standards apply. Se requiere un curso de educación para compradores de vivienda, a través de Buyer must complete a homebuyer education class. Requisito de residencia: Property must be a City-constructed redevelopment home located in North, Northwest, or East Florence. Funds available on a first-come, first-served basis. $25 nonrefundable application fee. Buyer must complete homebuyer education class. Income eligibility verified (all income counted). Home must pass inspection by City and/or state prior to closing. Buyer must be approved by a bank or mortgage lender. Property must be a City of Florence-constructed redevelopment home in North, Northwest, or East Florence. Buyer must contribute at least $1,000 of own funds. Buyer must identify their realtor (if applicable) on the application form.

Neighborhood Redevelopment Down-payment Assistance 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 within the City of Florence eligible range, approximately 80% AMI for Florence, SC: 1p $39,350; 2p $44,950; 3p $50,550; 4p $56,150; 5p $60,650; 6p $65,150; 7p $69,650; 8p $74,200. All income sources counted. 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.

Neighborhood Redevelopment Down-payment Assistance limita el precio de compra así: Limited by the sale price of City of Florence-constructed homes in the redevelopment areas. Los tipos de propiedad elegibles incluyen Newly constructed single-family home built by the City of Florence in the North/Northwest/East Florence redevelopment neighborhoods. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Neighborhood Redevelopment Down-payment Assistance atiende a compradores de vivienda que compran en Florence, South Carolina. El programa se dirige a áreas específicas: Neighborhood Redevelopment areas in North Florence, Northwest Florence, and East Florence where the City of Florence is constructing new infill homes.

Las solicitudes de Neighborhood Redevelopment 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 Applications submitted to City of Florence Community Services on a first-come, first-served basis; $25 nonrefundable application fee. 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.