City of Newport News First-Time Homebuyer Assistance Program (City-Wide HOME DPA)

City of Newport News First-Time Homebuyer Assistance Program (City-Wide HOME DPA) es un segundo préstamo diferido para compradores de vivienda en Newport News, Virginia, a cargo de Newport News Redevelopment and Housing Authority (NNRHA), for the City of Newport News. NNRHA administers the City of Newport News' federal HOME-funded First-Time Homebuyer Assistance Program. The City-Wide program provides up to $25,000 in down payment and closing-cost assistance as a no-interest deferred loan incrementally forgiven over the HOME affordability period, with recapture from net proceeds if the home is sold or ceases to be the buyer's principal residence. NNRHA is also a SPARC sponsor, lowering the rate on eligible Virginia Housing mortgages by 1% for qualifying first-time buyers. Up to $25,000 in DP/closing-cost assistance. 0% interest deferred loan. Incrementally forgiven over affordability period. Recapture capped at net proceeds. SPARC 1% rate reduction option. Los fondos provienen de Federal HUD HOME Investment Partnerships funds via City of Newport News.

City of Newport News First-Time Homebuyer Assistance Program (City-Wide HOME DPA) ofrece hasta $25,000 de ayuda. Aporte del comprador de vivienda: Buyers contribute 1% of their own funds. El programa se puede combinar con Virginia Housing first mortgage; SPARC 1% interest-rate reduction. Los montos son los máximos publicados por el programa, no una oferta: Newport News Redevelopment and Housing Authority (NNRHA), for the City of Newport News determina cualquier ayuda individual.

City of Newport News First-Time Homebuyer Assistance Program (City-Wide HOME DPA) 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, foreclosure, non-qualifying refinance, or ceasing principal-residence use during the affordability period; pro-rata recapture from net proceeds. Standard DPA <=$10,000 forgiven $2,000/yr over 5 yrs. La ayuda se registra con un gravamen en posición Subordinate (soft/deferred second behind first mortgage). 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.

City of Newport News First-Time Homebuyer Assistance Program (City-Wide HOME DPA) 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: Must certify no real-property ownership in the last 3 years. Se requiere un curso de educación para compradores de vivienda, a través de Virginia Housing homebuyer education or a HUD-approved housing counseling agency (SPARC requires pre-counseling certificate). Requisito de residencia: Home within the municipal limits of Newport News; principal residence during affordability period. Ciudadanía o situación migratoria: All household members must have a valid Social Security number. NNRHA will NOT accept DPA applications when the buyer already has a ratified purchase agreement. Complete packet (first-mortgage docs + homebuyer education certificate) required; ~10 business days review; 45-day closing recommended. Cash assets (excl. retirement) may not exceed $25,000. Madison Heights Redevelopment area new construction may qualify for a separate deferred loan up to $40,000 (first $10,000 forgivable, remainder 0% amortized 20 yrs from year 6) - a distinct tier.

City of Newport News First-Time Homebuyer Assistance Program (City-Wide HOME DPA) limita el ingreso del hogar a $86,150. 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.

City of Newport News First-Time Homebuyer Assistance Program (City-Wide HOME DPA) se puede usar para Single Family, New Construction y Existing Home. La construcción nueva es elegible.

City of Newport News First-Time Homebuyer Assistance Program (City-Wide HOME DPA) atiende a compradores de vivienda que compran en Newport News, Virginia.

Las solicitudes de City of Newport News First-Time Homebuyer Assistance Program (City-Wide HOME DPA) se tramitan a través de Newport News Redevelopment and Housing Authority (NNRHA), for the City of Newport News, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. 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.