Homes by CFE Down Payment Assistance Program

Homes by CFE Down Payment Assistance Program é um empréstimo com valorização compartilhada para compradores de imóveis em Washington, District of Columbia, administrado por City First Homes, Inc. (dba Homes by CFE). Homes by CFE is a Special Purpose Credit Program from City First Homes (a DC-government-supported 501(c)(3), NMLS #1503997) that provides up to 20% of a home's purchase price (max $100,000) as down payment assistance, plus up to $10,000 in closing cost assistance for borrowers at or below 100% MFI. The borrower makes interest-only monthly payments, and the total assistance is repaid when the home is sold or refinanced. The program is designed to expand homeownership for African American/Black and Hispanic/Latinx households in DC. Up to 20% of purchase price (max $100,000) DPA. Up to $10,000 additional closing cost assistance for borrowers at/below 100% MFI. Interest-only repayment during loan term. Loan reduced if borrower contributes more own funds. Designed to close the financing gap for Black and Hispanic/Latinx DC buyers. Os recursos vêm de City First Homes / City First Enterprises (CFE) nonprofit capital; supported by the DC government.

Homes by CFE Down Payment Assistance Program oferece até $100,000 de ajuda. Faixas de ajuda: Up to 20% of purchase price (max $100,000) for borrowers at/below 120% MFI; borrowers at/below 100% MFI may also receive up to an additional $10,000 in closing cost assistance. Contribuição do comprador de imóvel: No stated minimum borrower contribution; if borrower contributes more own funds, Homes by CFE reduces the loan amount accordingly. O programa pode ser combinado com Borrower must obtain a separate first trust mortgage; lender must accept the Homes by CFE DPA loan terms. Os valores são os máximos publicados pelo programa, não uma oferta — City First Homes, Inc. (dba Homes by CFE) define qualquer ajuda individual.

Homes by CFE Down Payment Assistance Program é um empréstimo com valorização compartilhada e é reembolsado nas condições definidas por City First Homes, Inc. (dba Homes by CFE). O reembolso é acionado por Total assistance (down payment + any closing cost assistance) is repaid when the property is sold or refinanced. Borrower makes monthly interest-only payments for the term of the loan until then. A ajuda é registrada como ônus em posição Second (subordinate to first trust mortgage). As condições de perdão e reembolso são definidas pelo programa e podem mudar — confirme-as na página oficial do programa antes de se inscrever.

Homes by CFE Down Payment Assistance Program é aberto a compradores do primeiro imóvel e compradores de imóveis que vão morar no imóvel como residência principal. “Primeiro imóvel” tem exceções aqui: FHA first-time homebuyer definition (no principal-residence ownership in past 3 years). Exceptions: single parents/displaced homemakers who only owned with a former spouse; persons who only owned a non-permanently-affixed residence or non-code-compliant property. Sobre crédito, o programa afirma: Not published; borrower must qualify for a first trust mortgage. Special Purpose Credit Program designed for borrowers locked out of homeownership. É exigido um curso de educação para compradores de imóveis, por meio de Homeownership counseling (certificate required) plus the mandatory Homes by CFE homebuyer orientation. Requisito de residência: Property must be purchased in the District of Columbia and occupied as primary residence. SPECIAL PURPOSE CREDIT PROGRAM: borrower must identify as African American/Black or Hispanic/Latinx to qualify (race/ethnicity restricted). After closing, borrower may not have more than six months of cash reserves (excludes 401(k)s). Gaps: exact min credit score, max DTI, annual funding cap, eligible mortgage products, and exact 4-person income dollar limit not published.

Homes by CFE Down Payment Assistance Program limita a renda familiar a 120% da renda mediana da região, que varia conforme o condado e o tamanho da família. Income must fall below 120% Median Family Income (MFI) for household size, based on DC DHCD Inclusionary Zoning income limits (updated annually). Co-borrower income included. Borrowers at/below 100% MFI qualify for additional $10,000 closing cost assistance. O limite vale para a renda total da família, não só a do mutuário. 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.

Homes by CFE Down Payment Assistance Program limita o preço de compra a $584,400. Os tipos de imóvel elegíveis incluem Single Family, Condo e Cooperative.

Homes by CFE Down Payment Assistance Program atende compradores de imóveis que compram em Washington, District of Columbia.

As inscrições para Homes by CFE Down Payment Assistance Program são feitas por meio de City First Homes, Inc. (dba Homes by CFE), que publica as condições atuais e as etapas da inscrição no próprio site. Os recursos são reservados por meio de Apply via online program application; a team member contacts applicant within 48 hours; approval to loan issuance within 3 business days of receiving all documentation. 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.