Home in Five Advantage

Home in Five Advantage é um empréstimo perdoável para compradores de imóveis em Phoenix, Arizona, administrado por Industrial Development Authority of the City of Phoenix and Industrial Development Authority of the County of Maricopa (Phoenix IDA / Maricopa County IDA). Home in Five Advantage is a down payment assistance program from the Phoenix IDA and Maricopa County IDA helping low- and moderate-income buyers purchase a home in Maricopa County, Arizona. Buyers obtain a 30-year fixed-rate FHA, VA, or HFA conventional first mortgage plus a down payment/closing-cost second mortgage of up to 6 percent, offered as a 3-, 7-, 10-, or 30-year second depending on loan type. The program has assisted more than 25,000 homebuyers since 2012. Up to 6 percent down payment and closing cost assistance. Interest-free forgivable second mortgage options (3, 7, or 30 years). No purchase price limit. No first-time homebuyer requirement (except the 7-year option). 30-year fixed-rate FHA/VA/conventional first mortgage. 120-plus participating lenders. Os recursos vêm de Phoenix IDA and Maricopa County IDA (mortgage revenue bond / HFA program).

Home in Five Advantage é perdoado após 3 anos, então o comprador de imóvel que permanecer esse tempo não o devolve. O reembolso é acionado por Sale, transfer, or refinance before the end of the forgiveness term (36 months for the 3-year, 84 months for the 7-year, 360 months for the 30-year forgivable second). The 3- and 7-year seconds forgive pro-rata monthly; the 30-year forgives only at final maturity. The 10-year second is amortizing with monthly P&I at 6 percent interest. A ajuda é registrada como ônus em posição Second. As condições de perdão e reembolso são definidas pelo programa e podem mudar — confirme-as na página oficial do programa antes de se inscrever.

Home in Five Advantage é aberto a compradores de imóveis que vão morar no imóvel como residência principal. Sobre crédito, o programa afirma: Minimum FICO credit score of 640. É exigido um curso de educação para compradores de imóveis, por meio de 8-hour homebuyer education course through an approved Arizona housing counseling agency. Approved online providers include ARC, Take Charge America, CPLC, Money Management International, Newtown CDC, and Trellis. Requisito de residência: Buyer must occupy the home as principal residence within 60 days of closing. The 7-year forgivable second requires AZ residency for at least 6 months. The DPA second cannot be subordinated or assumed. 1 percent origination fee plus customary closing costs due at closing. The 7-year forgivable second (including the Arizona is Home component) requires first-time homebuyer status, AZ residency 6-plus months, and income at or below 120 percent AMI ($131,520). The 10-year amortizing second is a repayable loan with monthly P&I at 6 percent. A companion program, Home in Five Platinum, is administered separately via eHousingPlus. GAP: annual funding cap, reservation system mechanics, federal MRB recapture status, max first-mortgage amount, and max liquid assets not published on the primary site.

Home in Five Advantage limita a renda familiar a $153,440. Os valores da renda mediana da região são publicados pelo HUD e atualizados todo ano, então confira a tabela atual do condado antes de se basear em um número.

Home in Five Advantage limita o preço de compra assim: No purchase price limit. Os tipos de imóvel elegíveis incluem Single Family, Condo, Townhouse e PUD. Construções novas são elegíveis.

Home in Five Advantage atende compradores de imóveis que compram em Phoenix, Arizona.

As inscrições para Home in Five Advantage são feitas por meio de Industrial Development Authority of the City of Phoenix and Industrial Development Authority of the County of Maricopa (Phoenix IDA / Maricopa County IDA), que publica as condições atuais e as etapas da inscrição no próprio site. A Hey Prescott não é uma credora e não aceita inscrições; esta página descreve o programa para que um comprador de imóvel possa levá-lo a um credor ou a um conselheiro habitacional.