AtlantiCare Down Payment Assistance Program

AtlantiCare Down Payment Assistance Program è un prestito condonabile per chi compra casa in Atlantic City, New Jersey. The AtlantiCare Down Payment Assistance (DPA) Program is a partnership between AtlantiCare (a southern New Jersey healthcare system) and the Address Yourself(TM) homeownership program operated by New Jersey Community Capital. It provides grants up to $10,000 to AtlantiCare employees seeking to become first-time homeowners in Atlantic City. The standard grant is $5,000 anywhere in Atlantic City, with an enhanced $10,000 grant available in five place-based target neighborhoods (Chelsea, Ducktown, Bungalow Park, Venice Park, Midtown). The grant is structured as a 5-year forgivable second mortgage; the borrower must remain in the home for 5 years for full forgiveness. Funding is allocated annually and may pause when fully committed. Provides grants of $5,000 (for any home purchased in Atlantic City) or $10,000 (for homes purchased in select Atlantic City neighborhoods - Chelsea, Ducktown, Bungalow Park, Venice Park, and Midtown) to AtlantiCare healthcare-system employees who are first-time homebuyers. Grants have a 5-year forgivability term: 100% forgiven if the borrower remains in the home for 5 years. full balance repayable on sale or refinance of the first mortgage before the 5-year mark. I fondi provengono da Employer e Nonprofit.

AtlantiCare Down Payment Assistance Program viene condonato dopo 5 anni, quindi chi resta nella casa per quel periodo non lo restituisce. Il rimborso scatta in caso di Sale of the property or refinance of the first mortgage prior to the 5-year forgiveness period e full unforgiven balance is due. Loan is fully forgiven on the 5th anniversary of closing. L'aiuto è iscritto in posizione 2nd Lien. Le condizioni di condono e di rimborso sono fissate dal programma e possono cambiare: verificale sulla pagina ufficiale del programma prima di fare domanda.

AtlantiCare Down Payment Assistance Program è aperto a chi compra la prima casa e chi compra casa e ci vivrà come residenza principale. Qui "prima casa" prevede delle eccezioni: First-time homebuyer requirement applies (NJCC defines first-time as not having owned in prior 3 years per HUD/IRS standards). Sul credito, il programma afferma: Per first-mortgage product overlay (typically 620+ FICO). È richiesto un corso per chi compra casa, tramite NJCC- and HUD-approved housing counseling agencies; pre-purchase counseling certificate (within 1 year) required. Requisito di residenza: Property must be located in Atlantic City, NJ and used as the borrower's primary residence. Cittadinanza o status migratorio: U.S. citizen, qualified non-citizen, or ITIN holder eligible. Restricted to active AtlantiCare employees in good standing. Must be a first-time homebuyer purchasing a primary residence in Atlantic City. Borrower must contribute at least $1,500 of their own funds at the application date. Household income may not exceed 120% of the area median income for Atlantic County. Must enroll in the Address Yourself homeownership program, complete HUD-approved pre-purchase counseling, and obtain a mortgage preapproval from one of NJCC's approved lenders. ITIN holders are eligible.

AtlantiCare Down Payment Assistance Program limita il reddito familiare al 120% del reddito mediano dell'area, che varia in base alla contea e alla dimensione del nucleo familiare. Up to 120% of HUD Area Median Income for Atlantic County, adjusted for household size. 2025 Atlantic County 100% AMI 4-person ~ $98,100; 120% AMI ~ $117,700 (4-person). Range across household sizes 1-8 approximately $62,400 - $117,700 (for 4-person). See HUD AMI tables. Il limite si applica al reddito totale del nucleo familiare, non solo a quello del richiedente del mutuo. I dati sul reddito mediano dell'area sono pubblicati da HUD e aggiornati ogni anno, quindi controlla la tabella attuale della contea prima di basarti su una cifra.

AtlantiCare Down Payment Assistance Program limita il prezzo di acquisto così: No published maximum purchase price; subject to first-mortgage product limits and the borrower's ability to repay. I tipi di immobile idonei includono 1-4 family residential property occupied as primary residence. Le nuove costruzioni sono idonee. Le case prefabbricate non sono idonee.

AtlantiCare Down Payment Assistance Program cita operatori sanitari tra i gruppi a cui si rivolge. Essere citati qui significa che il programma menziona il gruppo, non che l'appartenenza basti da sola a soddisfare i requisiti: valgono comunque le altre regole di idoneità.

AtlantiCare Down Payment Assistance Program si rivolge a chi compra casa in Atlantic City, New Jersey. Il programma si rivolge a zone specifiche: Enhanced $10,000 grant available only for properties in Atlantic City's Chelsea, Ducktown, Bungalow Park, Venice Park, and Midtown neighborhoods (place-based targeting). AtlantiCare itself serves multiple southern NJ counties (Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Ocean, Salem) but the DPA assistance is restricted to home purchases located in Atlantic City.

Le domande per AtlantiCare Down Payment Assistance Program passano da l'ente che gestisce il programma, che pubblica sul proprio sito le condizioni attuali e i passaggi per fare domanda. I fondi vengono prenotati tramite Reserved through Address Yourself / NJCC application process once borrower is enrolled, preapproved, and under contract. Hey Prescott non è un istituto di credito e non accetta domande; questa pagina descrive il programma perché chi compra casa possa parlarne con un istituto di credito o un consulente abitativo.