HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network es un segundo préstamo diferido para compradores de vivienda en Condado de Winchester City, Frederick, Clarke, Warren, Page, Shenandoah, Virginia, a cargo de Blue Ridge Housing Network, Inc. (BRHN) - regional administrator for the Virginia DHCD HOMEownership DPA program. The HOMEownership Down Payment & Closing Cost Assistance Program (DPA), administered locally by Blue Ridge Housing Network for the Northern Shenandoah Valley (City of Winchester and Clarke, Frederick, Page, Shenandoah, and Warren counties), provides flexible gap financing to first-time homebuyers at or below 80% of area median income. Income-eligible buyers may receive up to 10% of the sales price (up to 15% in this designated high-cost region) plus up to $2,500 toward closing costs, with a maximum total of $40,000. Assistance is a 0% interest, no-payment deferred (silent second) loan secured by a deed of trust that is fully forgiven after a 5- or 10-year affordability period. Up to 10% (15% in high-cost area) of sales price toward down payment. Up to $2,500 toward closing costs. Maximum $40,000 total assistance. 0% interest, no monthly payments. Fully forgivable after 5- or 10-year affordability period. Free housing counseling. Los fondos provienen de HUD HOME Investment Partnerships Program funds allocated through Virginia DHCD.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network ofrece entre $1,000 y $40,000 de ayuda. Niveles de ayuda: Affordability period set by subsidy amount: $1,000-$14,999 = 5 years; $15,000-$40,000 = 10 years. Up to 10% of sales price (15% in designated high-cost/depressed localities, which include the BRHN service area) plus up to $2,500 closing costs. Aporte del comprador de vivienda: Buyers 50%-80% AMI contribute 1% of sales price from personal funds; buyers under 50% AMI contribute $500. El programa se puede combinar con VIDA, ARS (Acquire, Renovate, Sell), Virginia Housing DPA, Virginia Housing SPARC, FHLB programs, USDA programs, Fannie Mae/Freddie Mac assistance programs. Los montos son los máximos publicados por el programa, no una oferta: Blue Ridge Housing Network, Inc. (BRHN) - regional administrator for the Virginia DHCD HOMEownership DPA program determina cualquier ayuda individual.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network es diferido, así que no hay pagos hasta que la vivienda se venda o se refinancie, o se termine de pagar la primera hipoteca. El reembolso se activa por Sale, transfer of title, loan assumption, or ceasing to occupy the home as principal residence during the affordability period. La ayuda se registra con un gravamen en posición Second (silent/deferred second deed of trust behind the first-trust 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.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network 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: Never owned a home OR not held primary ownership in a principal residence within the most recent three-year period (with special cases for mobile homes titled as personal property and non-occupied investment/inherited property). Sobre el crédito, el programa indica: FICO median score of 620; at least 3 trade lines open and current. Alternative credit may be considered. Se requiere un curso de educación para compradores de vivienda, a través de HUD-certified homebuyer education course through Virginia Housing, NeighborWorks, or a HUD-certified agency; one-on-one counseling required (BRHN provides counseling free). [Unparsed numeric values moved to notes: max_liquid_assets: Homebuyers with cash assets of 10% or more of the sales price are ineligible (excluding assets that cannot be liquidated without penalty).] First-time homebuyer; household income at or below 80% AMI; minimum 620 median FICO with 3+ open/current trade lines; minimum 90-day work history; complete HUD-certified homebuyer education and one-on-one counseling; 1% buyer contribution (50-80% AMI) or $500 (under 50% AMI); cash assets under 10% of sales price; fixed-rate first mortgage only; property must pass UPCS inspection and appraisal.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Total household income at or below 80% of Area Median Income as established by HUD for household size and locality; income for all household members over 18 counted (full-time students 18+ excluded). 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.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network limita el precio de compra así: Home value/sales price may not exceed 95% of the area median home sales price (HUD 203(b) limits), established annually by HUD. Los tipos de propiedad elegibles incluyen Single Family, 2-4 Unit, Townhouse, Condo, Modular y Manufactured. La construcción nueva es elegible. Las viviendas prefabricadas son elegibles.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network atiende a compradores de vivienda que compran en Condado de Winchester City, Frederick, Clarke, Warren, Page, Shenandoah, Virginia. El programa se dirige a áreas específicas: Designated high-cost/chronically economically depressed localities receive up to 15% of sales price (vs 10% standard). Winchester, Frederick, Clarke, Warren, Page, and Shenandoah qualify for the 15% tier.

Las solicitudes de HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network se tramitan a través de Blue Ridge Housing Network, Inc. (BRHN) - regional administrator for the Virginia DHCD HOMEownership DPA program, 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; funds cannot be reserved until the homebuyer is pre-approved by a lender and meets DPA eligibility guidelines. 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.