Homeownership Down Payment Assistance Program (DPA)

Homeownership Down Payment Assistance Program (DPA) es un segundo préstamo diferido para compradores de vivienda en Statewide, Virginia. Virginia DHCD HUD HOME-funded statewide DPA - 0% deferred 2nd mortgage up to 10-25% of purchase price + up to $2,500 closing-cost assistance. ≤80% AMI. Forgivable typically over 5 years. Borrower 1% contribution. Pairs with any conforming first. Administered by DHCD sub-recipient network. 620 FICO. Statewide. Virginia DHCD's Homeownership Down Payment Assistance Program (DPA) provides up to 10-25% of the purchase price (or 17% in some regions) plus up to $2,500 for closing costs as a 0% deferred-payment second mortgage to qualifying first-time homebuyers at or below 80% Area Median Income (AMI). Funded by HUD HOME Investment Partnerships Program funds and administered through DHCD's network of sub-recipient nonprofit and housing-authority partners statewide. The DPA second is typically forgivable over 5 years (some sub-recipients use 10-30 year forgiveness or amortization) and may be paired with ANY conforming first mortgage (FHA, VA, USDA-RD, conventional, Virginia Housing). Income limit at or below 80% AMI ($39,400 1-person low-cost rural to $129,100 8-person high-cost NoVA, per HUD HOME income limits). Purchase price tied to HUD HOME 95% area median home value caps ($233,000 rural low-cost to $1,459,000 highest-cost NoVA). 620 minimum FICO. 45% max DTI. Borrower must contribute at least 1% of own funds. Homebuyer education required. Los fondos provienen de Federal y HUD HOME.

Homeownership Down Payment Assistance Program (DPA) ofrece una ayuda equivalente al 25% del precio de compra, según lo fija el programa. Aporte del comprador de vivienda: Minimum 1% of purchase price from borrower's own funds (gift funds and seller concessions do not count toward the 1%). El programa se puede combinar con otras ayudas, sujeto a las reglas de cada una. Los montos son los máximos publicados por el programa, no una oferta: la agencia que administra el programa determina cualquier ayuda individual.

Homeownership Down Payment Assistance Program (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 0% deferred second mortgage. Forgivable typically over 5 years (1/60 per month, or pro-rata) - some sub-recipients use 10-30 year forgiveness or amortization. Full unforgiven balance due in full on sale, refinance (cash-out), transfer of title, payoff of first, or non-owner-occupancy during the affordability period. No monthly payment. La ayuda se registra con un gravamen en posición 2nd Lien. 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 Assistance Program (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: First-time homebuyer (no primary-residence ownership in past 3 years). HUD HOME does not provide a targeted-area FTHB waiver, so FTHB applies broadly. Sobre el crédito, el programa indica: 620 minimum FICO; some sub-recipients require higher (640-660) per their internal underwriting. Se requiere un curso de educación para compradores de vivienda, a través de HUD-approved housing counseling agencies; DHCD sub-recipients typically run/coordinate education. Eight hours of pre-purchase counseling typically required. Requisito de residencia: Property in Virginia; primary residence. Statewide. Specific sub-recipient may have geographic service area limitations. Ciudadanía o situación migratoria: U.S. citizen, permanent resident, or qualifying non-permanent resident alien per HUD HOME requirements (lawful presence required). First-time homebuyer required (no ownership of a primary residence in the past 3 years). Owner-occupied primary residence. Income at or below 80% AMI per HUD HOME income limits ($39,400 1-person rural low-cost to $129,100 8-person high-cost NoVA). 620 minimum FICO. Maximum 45% DTI. Purchase price within HUD HOME 95% area median home value caps ($233,000 rural to $1,459,000 highest-cost NoVA). Borrower must contribute at least 1% of own funds toward purchase. Borrower must have liquid assets less than $50,000 (varies by sub-recipient). Homebuyer education / counseling required (typically 8 hours of pre-purchase counseling via HUD-approved counselor). Must apply through a DHCD sub-recipient nonprofit / housing authority partner. Must be paired with a conforming first mortgage (FHA, VA, USDA-RD, conventional, Virginia Housing eligible).

Homeownership Down Payment Assistance Program (DPA) limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. At or below 80% Area Median Income (AMI) per HUD HOME income limits. Varies by jurisdiction and household size: $39,400 (1-person rural low-cost - SW Virginia, Lee/Wise/Buchanan counties) to $129,100 (8-person high-cost NoVA - Arlington/Fairfax/Loudoun/Prince William). Verify by county/household size with sub-recipient. 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 Assistance Program (DPA) limita el precio de compra a $1.5M. Los tipos de propiedad elegibles incluyen Single-family detached, attached townhouse, condominium (project-approved), 2-4 unit owner-occupied (per first-mortgage overlays), manufactured home on permanent foundation (per HUD HOME). La construcción nueva es elegible. Las viviendas prefabricadas son elegibles.

Homeownership Down Payment Assistance Program (DPA) menciona a veteranos, miembros del servicio militar activo, reservistas y miembros de la Guardia Nacional, cónyuges sobrevivientes y compradores de vivienda indígenas americanos y nativos de Alaska entre los grupos a los que atiende. Aparecer aquí significa que el programa menciona al grupo, no que pertenecer a él baste por sí solo para que un solicitante califique; las demás reglas de elegibilidad siguen aplicándose.

Homeownership Down Payment Assistance Program (DPA) atiende a compradores de vivienda que compran en Statewide, Virginia. El programa se dirige a áreas específicas: DHCD sub-recipient network covers all of Virginia. High-cost areas (NoVA - Arlington, Fairfax, Loudoun, Prince William, Alexandria) have higher HUD HOME income / purchase-price limits. Rural low-cost areas (SW Virginia - Lee, Wise, Buchanan, Dickenson) have lower limits but typically higher per-buyer DPA percentages.

Las solicitudes de Homeownership Down Payment Assistance Program (DPA) 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 Application through DHCD sub-recipient nonprofit / housing authority partner (varies by region). DHCD allocates HOME DPA funds annually to sub-recipients via competitive RFP. 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.