Oak Ridge Housing Authority Homebuyer Assistance Program

Oak Ridge Housing Authority Homebuyer Assistance Program es un préstamo condonable para compradores de vivienda en Oak Ridge, Tennessee, a cargo de Oak Ridge Housing Authority (ORHA). The Oak Ridge Housing Authority Homebuyer Assistance Program provides grant funds of up to $14,999 (based on need) to help income-eligible first-time homebuyers cover the down payment and closing costs for a home within the City of Oak Ridge. Funded by a THDA HOME grant, the assistance is a 5-year forgivable loan secured by a Grant Promissory Note and Deed of Trust. Funds are awarded first-come, first-served until depleted; qualified applicants receive a pre-approval award letter good for 120 days. Up to $14,999 toward down payment and closing costs. Fully forgivable after a 5-year compliance period. 0% interest, no monthly payments. 120-day pre-approval award letter. Assistance sent directly to closing. Los fondos provienen de Tennessee Housing Development Agency (THDA) HOME Investment Partnerships Program grant.

Oak Ridge Housing Authority Homebuyer Assistance Program ofrece hasta $14,999 de ayuda. El programa se puede combinar con An affordable first mortgage (rate within 1% of the THDA Great Choice rate). Los montos son los máximos publicados por el programa, no una oferta: Oak Ridge Housing Authority (ORHA) determina cualquier ayuda individual.

Oak Ridge Housing Authority Homebuyer Assistance Program se perdona después de 5 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Sale, transfer, refinance, conversion to rental/secondary residence, or non-compliance during the 5-year period. La ayuda se registra con un gravamen en posición Second. 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.

Oak Ridge Housing Authority Homebuyer Assistance Program 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: FTHB defined as not having owned a home within the past three years. Se requiere un curso de educación para compradores de vivienda, a través de Homebuyer Education Course; completed before closing. Requisito de residencia: Home within the City of Oak Ridge, TN (37830) city limits. FTHB = no home owned in past 3 years. Home within Oak Ridge (37830). Lender rate <=1% above THDA Great Choice. 14 days notice before closing. ORHA additional insured lienholder for the compliance period. Income limits (~80% AMI) not published on flyer; confirm with ORHA. Funds limited - confirm availability.

Oak Ridge Housing Authority Homebuyer Assistance Program fija su límite de ingresos así: THDA HOME low-to-moderate income limits, generally at or below 80% AMI by household size. Specific dollar limits not on the flyer; confirm with ORHA. 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.

Oak Ridge Housing Authority Homebuyer Assistance Program se puede usar para Single Family.

Oak Ridge Housing Authority Homebuyer Assistance Program atiende a compradores de vivienda que compran en Oak Ridge, Tennessee.

Las solicitudes de Oak Ridge Housing Authority Homebuyer Assistance Program se tramitan a través de Oak Ridge Housing Authority (ORHA), 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 until depleted; pre-approval award letter good for 120 days (one 30-day extension). 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.