Down Payment Settlement (DPS) Program

Down Payment Settlement (DPS) Program é um segundo empréstimo diferido para compradores de imóveis em Condado de New Castle, Delaware. The New Castle County Down Payment Settlement (DPS) Program enables low- and moderate-income first-time homebuyers to purchase homes throughout New Castle County (excluding the City of Wilmington) by providing up to $10,000 in down payment and settlement/closing-cost assistance. Funded primarily through HUD HOME and/or CDBG, the assistance is structured as a 15-year, 0%-interest second mortgage with a 24-month payment deferral period followed by required monthly amortization. Down payment and settlement/closing-cost assistance up to $10,000, structured as a 0% interest 15-year second mortgage. The first 24 months are deferred (no payments). monthly principal payments begin in month 25. Maximum $10,000 loan amortizes to roughly $64.10 per month over the remaining term. Property purchase price capped at $460,000. Available throughout New Castle County (excluding the City of Wilmington, which administers its own First Start program). Os recursos vêm de Federal HOME, Federal CDBG e Local Government.

Down Payment Settlement (DPS) Program é diferido, então não há pagamentos até que o imóvel seja vendido ou refinanciado, ou a primeira hipoteca seja quitada. O reembolso é acionado por First 24 months deferred (no payment). Monthly principal payments begin in month 25 and continue through the 15-year term. Outstanding balance becomes immediately due upon sale, transfer, refinance (cash-out), or loss of owner-occupancy. A ajuda é registrada como ônus em posição 2. As condições de perdão e reembolso são definidas pelo programa e podem mudar — confirme-as na página oficial do programa antes de se inscrever.

Down Payment Settlement (DPS) 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: First-time homebuyer = no ownership in last 3 years; standard HUD displaced-homemaker / single-parent exceptions apply. Sobre crédito, o programa afirma: No published NCC-specific minimum; first-mortgage product credit-score minimums apply. É exigido um curso de educação para compradores de imóveis, por meio de HUD-approved housing counseling agency (e.g., NeighborGood Partners/NCALL, Interfaith Community Housing of Delaware); pre-purchase homeownership counseling required. Requisito de residência: Property must be located within New Castle County, DE (outside the City of Wilmington), and serve as borrower's primary residence. Cidadania ou situação imigratória: U.S. citizen or eligible non-citizen per first-mortgage product rules. First-time homebuyer (no homeownership in prior 3 years). Household income may not exceed 80% of HUD area median income for New Castle County (range approximately $64,250 1-person to $121,150 8-person at 80% AMI under current HUD limits). Property must be located in New Castle County, DE, outside the City of Wilmington (which has its own First Start program), and serve as buyer's primary residence. Maximum purchase price $460,000. Borrower must contribute minimum $500 of own funds. Buyer must complete HUD-approved pre-purchase homebuyer counseling. Loan is 0% interest 15-year second mortgage with 24-month payment deferral; required monthly payments begin in month 25.

Down Payment Settlement (DPS) Program limita a renda familiar a 80% da renda mediana da região, que varia conforme o condado e o tamanho da família. Total household income may not exceed 80% of HUD area median income for the New Castle County, DE HUD income area, adjusted for household size. Approximate range: $64,250 (1-person) to $121,150 (8-person) at 80% AMI under current HUD limits. 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.

Down Payment Settlement (DPS) Program limita o preço de compra a $460,000. Os tipos de imóvel elegíveis incluem Single-family detached, Townhome e Condominium. Construções novas são elegíveis. Casas pré-fabricadas não são elegíveis.

Down Payment Settlement (DPS) Program atende compradores de imóveis que compram em Condado de New Castle, Delaware.

As inscrições para Down Payment Settlement (DPS) Program são feitas por meio de o órgão que administra o programa, que publica as condições atuais e as etapas da inscrição no próprio site. Os recursos são reservados por meio de Application processed by NCC Department of Community Services in coordination with first-mortgage lender; funds awarded first-come, first-served subject to availability. 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.