City of Suffolk HOME Downpayment and Closing Cost Assistance Program

City of Suffolk HOME Downpayment and Closing Cost Assistance Program es un préstamo condonable para compradores de vivienda en Suffolk, Virginia, a cargo de Suffolk Redevelopment and Housing Authority (in partnership with the City of Suffolk). The Suffolk Redevelopment and Housing Authority, in partnership with the City of Suffolk, provides down payment and closing cost assistance to first-time homebuyers purchasing a primary residence in Suffolk. Eligible buyers (income at or below 80% AMI, no homeownership in the prior three years) may receive up to $14,500 as a 0% amortized forgivable loan secured by a deed of trust; 20% is forgiven each year and the balance is fully forgiven after five years. Buyers complete the Virginia Housing First-Time Homebuyers Class in person, attend two one-on-one counseling sessions, and contribute at least 1% of the sales price ($500 minimum). Up to $14,500 in down payment and closing cost assistance. 0% interest, no monthly payments. 20% forgiven each year, fully forgiven after 5 years. No prepayment penalty. Works alongside a standard first mortgage. Los fondos provienen de HUD HOME Investment Partnerships Program funds (City of Suffolk / Western Tidewater HOME Consortium).

City of Suffolk HOME Downpayment and Closing Cost Assistance Program ofrece hasta $14,500 de ayuda. Aporte del comprador de vivienda: Buyer must contribute at least 1% of the sales price, with a $500 minimum. El programa se puede combinar con May be paired with a first mortgage; buyer completes Virginia Housing homebuyer education. Los montos son los máximos publicados por el programa, no una oferta: Suffolk Redevelopment and Housing Authority (in partnership with the City of Suffolk) determina cualquier ayuda individual.

City of Suffolk HOME Downpayment and Closing Cost 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, lease, conveyance, title transfer, or death of the qualifying person within the 5-year affordability period; remaining unforgiven balance is recaptured. La ayuda se registra con un gravamen en posición Subordinate (deed of trust and promissory note 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 Suffolk HOME Downpayment and Closing Cost 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: Must not have owned a home in the last three years (HUD first-time homebuyer definition). Se requiere un curso de educación para compradores de vivienda, a través de Virginia Housing First-Time Homebuyers Class (in person, signed certificate) plus at least two one-on-one sessions with a HUD-certified housing counselor through SRHA. Requisito de residencia: Property must be located in the City of Suffolk, VA. First-time homebuyer (no homeownership in last 3 years). Income at or below 80% AMI. Must complete VHDA First-Time Homebuyers Class in person and attend 2 one-on-one HUD-certified counseling sessions. Buyer contributes at least 1% of sales price ($500 min). Buyer must NOT have ratified a sales contract prior to the eligibility notice. Property in Suffolk, primary residence, must pass HQS inspection and be lead-safe. Required docs: 60 days pay stubs; benefit/pension verification; child-support/divorce records; income statements. Promissory note, deed of trust, and homebuyers agreement signed. Printed brochure available by contacting SRHA.

City of Suffolk HOME Downpayment and Closing Cost Assistance Program limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income cannot exceed 80% of Area Median Income. 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.

City of Suffolk HOME Downpayment and Closing Cost Assistance Program se puede usar para Single Family, Townhouse y Manufactured. La construcción nueva es elegible. Las viviendas prefabricadas son elegibles.

City of Suffolk HOME Downpayment and Closing Cost Assistance Program atiende a compradores de vivienda que compran en Suffolk, Virginia.

Las solicitudes de City of Suffolk HOME Downpayment and Closing Cost Assistance Program se tramitan a través de Suffolk Redevelopment and Housing Authority (in partnership with the City of Suffolk), 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.