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

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network est un second prêt différé pour les futurs propriétaires de Winchester City, Frederick, Clarke, Warren, Page, Shenandoah County, Virginia, sous la gestion 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. Le financement provient de HUD HOME Investment Partnerships Program funds allocated through Virginia DHCD.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network offre entre $1,000 et $40,000 d’aide. Paliers d’aide : 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. Apport du futur propriétaire : Buyers 50%-80% AMI contribute 1% of sales price from personal funds; buyers under 50% AMI contribute $500. Le programme peut être combiné avec VIDA, ARS (Acquire, Renovate, Sell), Virginia Housing DPA, Virginia Housing SPARC, FHLB programs, USDA programs, Fannie Mae/Freddie Mac assistance programs. Les montants sont les plafonds publiés par le programme, et non une offre — Blue Ridge Housing Network, Inc. (BRHN) - regional administrator for the Virginia DHCD HOMEownership DPA program décide de chaque aide individuelle.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network est différé : aucun paiement n’est dû avant la vente ou le refinancement du logement, ou le remboursement du premier prêt hypothécaire. Le remboursement est déclenché par Sale, transfer of title, loan assumption, or ceasing to occupy the home as principal residence during the affordability period. L’aide est inscrite au rang suivant : Second (silent/deferred second deed of trust behind the first-trust mortgage). 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.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network est ouvert à les primo-accédants et les futurs propriétaires qui occuperont le logement comme résidence principale. « Primo-accédant » comporte ici des exceptions : 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). Au sujet du crédit, le programme précise : FICO median score of 620; at least 3 trade lines open and current. Alternative credit may be considered. Un cours pour futurs propriétaires est obligatoire, auprès 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 plafonne le revenu du ménage à 80 % du revenu médian de la zone, qui varie selon le comté et la taille du ménage. 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). Le plafond s’applique au revenu total du ménage, pas seulement à celui de l’emprunteur. 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.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network plafonne le prix d’achat ainsi : Home value/sales price may not exceed 95% of the area median home sales price (HUD 203(b) limits), established annually by HUD. Les types de logements admissibles comprennent Single Family, 2-4 Unit, Townhouse, Condo, Modular et Manufactured. Les constructions neuves sont admissibles. Les maisons préfabriquées sont admissibles.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network s’adresse aux futurs propriétaires qui achètent à Winchester City, Frederick, Clarke, Warren, Page, Shenandoah County, Virginia. Le programme cible des zones précises : 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.

Les demandes pour HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network passent par Blue Ridge Housing Network, Inc. (BRHN) - regional administrator for the Virginia DHCD HOMEownership DPA program, qui publie les conditions en vigueur et les étapes de la demande sur son propre site. Les fonds sont réservés par l’intermédiaire 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 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.