SCDHC HOMEownership Down Payment & Closing Cost Assistance Program

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program is een uitgestelde tweede lening voor huizenkopers in Richmond; Petersburg; Emporia, Virginia, uitgevoerd door Southside Community Development & Housing Corporation (SCDHC). Southside Community Development & Housing Corporation (SCDHC), a HUD-approved housing counseling agency and the largest single-family nonprofit housing developer in the Richmond MSA, administers the Virginia DHCD HOMEownership Down Payment & Closing Cost Assistance Program (federally funded by HUD HOME) as a regional provider for the Crater/Southside region (Brunswick, Charles City, Dinwiddie, Emporia, Greensville, Petersburg, Prince George, Southampton, Sussex) and the Richmond metro (Henrico, Chesterfield, City of Richmond). The DPA is a deferred, no-payment, no-interest second loan that helps income-eligible first-time homebuyers at or below 80% AMI cover down payment and closing costs. Assistance is provided up to 10% of the sales price (up to 15% in DHCD-designated high-cost/economically depressed localities), plus up to $2,500 toward closing costs, to a maximum of $40,000. The loan is secured by a deed of trust for a 5-year (assistance of $1,000-$14,999) or 10-year ($15,000-$40,000) affordability period and is fully forgiven if the buyer keeps the home as their principal residence through the period. SCDHC also offers homebuyer education, one-on-one counseling, and a VIDA matched-savings program. Up to 10% of sales price (15% in high-cost areas) toward down payment. Up to $2,500 toward closing costs. Deferred 0% loan, no monthly payments. Fully forgiven after affordability period. HUD-certified homebuyer education and one-on-one counseling. De financiering komt van U.S. HUD HOME Investment Partnerships Program, administered by Virginia DHCD.

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program biedt tussen $1,000 en $40,000 aan hulp. Toekenningscategorieën: Up to 10% of sales price for standard localities; up to 15% for DHCD-designated high-cost/chronically economically depressed localities. Eigen bijdrage van de huizenkoper: Borrower must contribute 1% of the sales price from personal funds if income is 50%-80% AMI; if income is below 50% AMI, contribution is $500. The 1% may include appraisal, insurance, third-party inspection fees, credit report, and closing costs (receipts required). SCDHC pre-screen asks for at least $2,000 in savings. Het programma kan worden gecombineerd met VIDA, ARS (Acquire/Renovate/Sell), Virginia Housing DPA, Virginia Housing SPARC, FHLB programs, USDA programs, Freddie Mac/Fannie Mae assistance, lender/employer/housing-authority programs. De bedragen zijn de maximumbedragen die het programma publiceert, geen aanbod: Southside Community Development & Housing Corporation (SCDHC) bepaalt een eventuele toekenning per persoon.

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program wordt na 5 jaar kwijtgescholden, dus een huizenkoper die zo lang blijft, betaalt het niet terug. Terugbetaling wordt in gang gezet door Sale or transfer of title (voluntary or involuntary), or failure to occupy as principal residence (rented/vacant), during the affordability period triggers recapture/repayment of the entire outstanding HOME investment from available net proceeds. De hulp wordt ingeschreven met rangorde Second (silent second / deferred loan recorded behind first trust mortgage). De voorwaarden voor kwijtschelding en terugbetaling worden door het programma vastgesteld en kunnen veranderen: controleer ze op de officiële pagina van het programma voordat je aanvraagt.

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program staat open voor starters op de woningmarkt en huizenkopers die zelf in het huis gaan wonen als hoofdverblijf. "Starter" kent hier uitzonderingen: First-time homebuyer = never owned a home OR has not held primary ownership in a principal residence within the most recent 3-year period. Mobile homes titled as personal property and investment/inherited property not occupied as principal residence in the last 3 years still qualify the buyer as first-time. Over krediet zegt het programma: SCDHC's own screening states a credit score above 640. The underlying DHCD HOME DPA program requires a median FICO of 620 with at least 3 open, current trade lines (alternative credit considered with 3 trades). Een cursus voor huizenkopers is verplicht, via HUD-certified homebuyer education course through Virginia Housing, NeighborWorks, or a HUD-certified agency; SCDHC provides its own HUD-approved homebuyer education workshops and counseling. Woonplaatsvereiste: Property must be in SCDHC's DHCD-assigned service area (Crater/Southside counties and Richmond metro localities listed). Loan TERM: deferred second with 5-year affordability period for assistance of $1,000-$14,999 and 10-year affordability period for $15,000-$40,000; no payments and 0% interest; fully forgiven at end of affordability period; not assumable. Borrower must complete HUD-certified homebuyer education and one-on-one counseling, have a 90-day minimum work history, pay off collections totaling $1,000+ and all judgments before closing, and have cash assets below 10% of the sales price. No cash back to buyer at closing.

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program beperkt het huishoudinkomen tot 80% van het mediaan inkomen in het gebied, dat verschilt per county en grootte van het huishouden. Total household income at or below 80% of HUD Area Median Income (AMI) for the locality and household size, per HUD's annually updated HOME income limits. SCDHC's own pre-screen also asks that annual income be at least $40,000. Exact dollar limits vary by jurisdiction and household size; see DHCD/HUD HOME income limit tables (Unconfirmed: SCDHC does not publish a per-household-size dollar chart on its site). De grens geldt voor het totale huishoudinkomen, niet alleen voor dat van de lener. Cijfers over het mediaan inkomen in het gebied worden door HUD gepubliceerd en jaarlijks bijgewerkt, dus bekijk de actuele tabel voor de county voordat je op een bedrag vertrouwt.

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program begrenst de koopprijs als volgt: Home value may not exceed 95% of the area median sales price (HUD 203(b) limits), established annually by HUD per locality. Toegestane woningtypen zijn onder meer Single-family detached (one unit), Duplex/Triplex/Fourplex (assisted unit individually sold and deeded, owner-occupied, no other units owned as rentals), Townhome, Condominium, Modular home en Manufactured home (post-June 15, 1976; permanent utility hookups; on owned land or long-term lease). Nieuwbouw is toegestaan. Prefab woningen zijn toegestaan.

SCDHC HOMEownership Down Payment & Closing Cost Assistance Program is er voor huizenkopers die kopen in Richmond; Petersburg; Emporia, Virginia.

Aanvragen voor SCDHC HOMEownership Down Payment & Closing Cost Assistance Program lopen via Southside Community Development & Housing Corporation (SCDHC), die de actuele voorwaarden en de stappen voor de aanvraag op de eigen site publiceert. Het geld wordt gereserveerd via First come, first served; funds reserved only after the buyer is pre-approved by a lender and meets DPA eligibility. Workshop registration and online application via SCDHC. Hey Prescott is geen kredietverstrekker en neemt geen aanvragen aan; deze pagina beschrijft het programma zodat een huizenkoper ermee naar een kredietverstrekker of woonadviseur kan gaan.