Mobile County Homeownership Down Payment Assistance Program (HDPA)

Mobile County Homeownership Down Payment Assistance Program (HDPA) est un prêt annulable pour les futurs propriétaires de Mobile County, Alabama. The Homeownership Down Payment Assistance Program (HDPA) is a CDBG-Disaster Recovery-funded program administered by the Mobile County Commission as Subrecipient to the Alabama Department of Economic and Community Affairs (ADECA). Provides up to $50,000 in interest-free deferred forgivable loan assistance to LMI households (up to 120% AMI) for down payment and closing costs on a single-family home in unincorporated Mobile County or designated municipalities, in response to Hurricane Sally & Zeta (2020) recovery. Sister program to the County's HOME-funded Down Payment Assistance Program (separate listing); modeled on its requirements. Despite being labeled 'Grant' on Freddie Mac DPA One, the assistance is structured as a forgivable second-lien loan with recapture-net-of-proceeds upon early sale/transfer. Applications opened Aug. 4, 2025 and continue until funds depleted. Up to $50,000 (minimum $1,000) interest-free deferred loan for down payment and closing costs, forgiven on a prorated monthly basis over up to 10 years. May provide up to 100% of the down payment required by the lender and/or subsidize mortgage interest rate. No monthly payments. Loan released at end of affordability period if homebuyer maintains primary residence. Le financement provient de CDBG-DR (Hurricanes Sally & Zeta) administered by Alabama Department of Economic and Community Affairs (ADECA); HUD; Federal.

Mobile County Homeownership Down Payment Assistance Program (HDPA) est annulé après 10 ans : un futur propriétaire qui reste aussi longtemps n’a rien à rembourser. Le remboursement est déclenché par Sale or voluntary/involuntary transfer of title (including foreclosure) during the up-to-10-year affordability period triggers repayment of the unforgiven balance of CDBG-DR direct downpayment assistance, capped at net proceeds of sale (recapture net of proceeds, modeled on 24 CFR 92.254(a)(5)(ii)(A)(2) and (4)). Failure to occupy as primary residence during the affordability period requires repayment of the full direct downpayment assistance amount. L’aide est inscrite au rang suivant : 2. Les conditions d’annulation et de remboursement sont fixées par le programme et peuvent changer — vérifiez-les sur la page officielle du programme avant de déposer une demande.

Mobile County Homeownership Down Payment Assistance Program (HDPA) est ouvert à les futurs propriétaires qui occuperont le logement comme résidence principale. Au sujet du crédit, le programme précise : No published minimum credit score. Program guide states homebuyers should have good credit and qualify for competitive lending products. Un cours pour futurs propriétaires est obligatoire, auprès de HUD-Certified Housing Counseling Agency designated by Mobile County. 8-hour homeownership education course required. Condition de résidence : Applicant must have been a Mobile County resident during Hurricanes Sally & Zeta (Sept. 11-16, 2020 and Oct. 28-29, 2020). Property must be located in Mobile County HOME Consortium area: unincorporated Mobile County or the cities/towns of Bayou La Batre, Chickasaw, Citronelle, Creola, Mount Vernon, Prichard, Saraland, Satsuma, Semmes. Homes within City of Mobile or Town of Dauphin Island are NOT eligible. Citoyenneté ou statut d’immigration : All members of the purchasing household must be U.S. citizens or qualified aliens eligible for federal public benefits under PRWORA (1996). Applicant must have been a Mobile County resident during Hurricanes Sally & Zeta (Sept. 11-16, 2020 and Oct. 28-29, 2020) -- proof of residency required (utility bill, vehicle tag receipt, tax record, lease/mortgage statement). Priority to LMI homeowners and renters impacted by 2020 hurricanes; LMI individuals on path to homeownership also encouraged. Cannot own additional property. Duplication of Benefits Certification required. First mortgage must be CFPB Qualified Mortgage, fully amortizing 30-year fixed (USDA up to 33-year). Front-end 30% / back-end 43% ratio caps. Property must pass County home inspection and environmental review. Independent state-licensed appraisal required to justify sales price.

Mobile County Homeownership Down Payment Assistance Program (HDPA) plafonne le revenu du ménage à 120 % du revenu médian de la zone, qui varie selon le comté et la taille du ménage. Household income must not exceed 120% of Area Median Income for Mobile County (HUD CDBG income limits, FY 2025): 1p $68,450; 2p $78,250; 3p $88,000; 4p $97,800; 5p $105,600; 6p $113,450; 7p $121,250; 8p $129,100. Section 8 (24 CFR 5.609) gross-income definition; income of all household members 18+ is included. Le plafond s’applique au revenu total du ménage, pas seulement à celui de l’emprunteur. Le programme indique une taille de ménage maximale de 8. Les chiffres du revenu médian de la zone sont publiés par HUD et mis à jour chaque année : consultez le tableau en vigueur pour le comté avant de vous fier à un chiffre.

Mobile County Homeownership Down Payment Assistance Program (HDPA) plafonne le prix d’achat à $290,000. Les types de logements admissibles comprennent Single-family detached dwelling unit. Property must be owner-occupied, purchaser-occupied, or vacant at the time of purchase. Les constructions neuves sont admissibles. Les maisons préfabriquées ne sont pas admissibles.

Mobile County Homeownership Down Payment Assistance Program (HDPA) s’adresse aux futurs propriétaires qui achètent à Mobile County, Alabama. Le programme cible des zones précises : Hurricane Sally & Zeta disaster-affected residents of Mobile County receive priority. Eligible jurisdictions limited to unincorporated Mobile County and the designated municipalities; City of Mobile and Town of Dauphin Island are excluded.

Les demandes pour Mobile County Homeownership Down Payment Assistance Program (HDPA) passent par l’organisme gestionnaire, qui publie les conditions en vigueur et les étapes de la demande sur son propre site. Les fonds sont réservés par l’intermédiaire de Lender submits completed HDPA application, loan application, loan estimate, and purchase agreement to County; funding reserved at that point. County reserves 15 working days to review/approve. First-come, first-served until funding is depleted. Hey Prescott n’est pas un prêteur et n’accepte pas de demandes ; cette page décrit le programme pour qu’un futur propriétaire puisse en parler à un prêteur ou à un conseiller en logement.