HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network é um segundo empréstimo diferido para compradores de imóveis em Condado de Winchester City, Frederick, Clarke, Warren, Page, Shenandoah, Virginia, administrado por Blue Ridge Housing Network, Inc. (BRHN) - regional administrator for the Virginia DHCD HOMEownership DPA program. The HOMEownership Down Payment & Closing Cost Assistance Program (DPA), administered locally by Blue Ridge Housing Network for the Northern Shenandoah Valley (City of Winchester and Clarke, Frederick, Page, Shenandoah, and Warren counties), provides flexible gap financing to first-time homebuyers at or below 80% of area median income. Income-eligible buyers may receive up to 10% of the sales price (up to 15% in this designated high-cost region) plus up to $2,500 toward closing costs, with a maximum total of $40,000. Assistance is a 0% interest, no-payment deferred (silent second) loan secured by a deed of trust that is fully forgiven after a 5- or 10-year affordability period. Up to 10% (15% in high-cost area) of sales price toward down payment. Up to $2,500 toward closing costs. Maximum $40,000 total assistance. 0% interest, no monthly payments. Fully forgivable after 5- or 10-year affordability period. Free housing counseling. Os recursos vêm de HUD HOME Investment Partnerships Program funds allocated through Virginia DHCD.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network oferece entre $1,000 e $40,000 de ajuda. Faixas de ajuda: Affordability period set by subsidy amount: $1,000-$14,999 = 5 years; $15,000-$40,000 = 10 years. Up to 10% of sales price (15% in designated high-cost/depressed localities, which include the BRHN service area) plus up to $2,500 closing costs. Contribuição do comprador de imóvel: Buyers 50%-80% AMI contribute 1% of sales price from personal funds; buyers under 50% AMI contribute $500. O programa pode ser combinado com VIDA, ARS (Acquire, Renovate, Sell), Virginia Housing DPA, Virginia Housing SPARC, FHLB programs, USDA programs, Fannie Mae/Freddie Mac assistance programs. Os valores são os máximos publicados pelo programa, não uma oferta — Blue Ridge Housing Network, Inc. (BRHN) - regional administrator for the Virginia DHCD HOMEownership DPA program define qualquer ajuda individual.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network 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 Sale, transfer of title, loan assumption, or ceasing to occupy the home as principal residence during the affordability period. A ajuda é registrada como ônus em posição Second (silent/deferred second deed of trust behind the 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.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network é aberto a compradores do primeiro imóvel e compradores de imóveis que vão morar no imóvel como residência principal. “Primeiro imóvel” tem exceções aqui: Never owned a home OR not held primary ownership in a principal residence within the most recent three-year period (with special cases for mobile homes titled as personal property and non-occupied investment/inherited property). Sobre crédito, o programa afirma: FICO median score of 620; at least 3 trade lines open and current. Alternative credit may be considered. É exigido um curso de educação para compradores de imóveis, por meio de HUD-certified homebuyer education course through Virginia Housing, NeighborWorks, or a HUD-certified agency; one-on-one counseling required (BRHN provides counseling free). [Unparsed numeric values moved to notes: max_liquid_assets: Homebuyers with cash assets of 10% or more of the sales price are ineligible (excluding assets that cannot be liquidated without penalty).] First-time homebuyer; household income at or below 80% AMI; minimum 620 median FICO with 3+ open/current trade lines; minimum 90-day work history; complete HUD-certified homebuyer education and one-on-one counseling; 1% buyer contribution (50-80% AMI) or $500 (under 50% AMI); cash assets under 10% of sales price; fixed-rate first mortgage only; property must pass UPCS inspection and appraisal.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network limita a renda familiar a 80% da renda mediana da região, que varia conforme o condado e o tamanho da família. Total household income at or below 80% of Area Median Income as established by HUD for household size and locality; income for all household members over 18 counted (full-time students 18+ excluded). 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.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network limita o preço de compra assim: Home value/sales price may not exceed 95% of the area median home sales price (HUD 203(b) limits), established annually by HUD. Os tipos de imóvel elegíveis incluem Single Family, 2-4 Unit, Townhouse, Condo, Modular e Manufactured. Construções novas são elegíveis. Casas pré-fabricadas são elegíveis.

HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network atende compradores de imóveis que compram em Condado de Winchester City, Frederick, Clarke, Warren, Page, Shenandoah, Virginia. O programa é voltado para áreas específicas: Designated high-cost/chronically economically depressed localities receive up to 15% of sales price (vs 10% standard). Winchester, Frederick, Clarke, Warren, Page, and Shenandoah qualify for the 15% tier.

As inscrições para HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network são feitas por meio de Blue Ridge Housing Network, Inc. (BRHN) - regional administrator for the Virginia DHCD HOMEownership DPA program, que publica as condições atuais e as etapas da inscrição no próprio site. Os recursos são reservados por meio de First-come, first-served; funds cannot be reserved until the homebuyer is pre-approved by a lender and meets DPA eligibility guidelines. 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.