Home in Five Advantage

Ang Home in Five Advantage ay isang loan na mapapatawad para sa mga bibili ng bahay sa Phoenix, Arizona, na pinangangasiwaan ng 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. Ang pondo ay mula sa Phoenix IDA and Maricopa County IDA (mortgage revenue bond / HFA program).

Pinapatawad ang Home in Five Advantage pagkalipas ng 3 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may 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. Nakatala ang tulong bilang lien sa posisyong Second. Ang mga tuntunin sa pagpapatawad at pagbabayad ay itinatakda ng programa at maaaring magbago — kumpirmahin ang mga ito sa opisyal na pahina ng programa bago mag-apply.

Bukas ang Home in Five Advantage sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Tungkol sa credit, sinasabi ng programa: Minimum FICO credit score of 640. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng 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. Requirement sa paninirahan: 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.

Nililimitahan ng Home in Five Advantage ang kita ng sambahayan sa $153,440. Ang mga numero ng median na kita sa lugar ay inilalathala ng HUD at ina-update taun-taon, kaya tingnan ang kasalukuyang talahanayan para sa county bago umasa sa isang numero.

Ganito nililimitahan ng Home in Five Advantage ang presyo ng pagbili: No purchase price limit. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single Family, Condo, Townhouse, at PUD. Kwalipikado ang bagong gawang bahay.

Pinaglilingkuran ng Home in Five Advantage ang mga bibili ng bahay sa Phoenix, Arizona.

Dumadaan sa Industrial Development Authority of the City of Phoenix and Industrial Development Authority of the County of Maricopa (Phoenix IDA / Maricopa County IDA) ang mga aplikasyon para sa Home in Five Advantage, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Ang Hey Prescott ay hindi nagpapautang at hindi tumatanggap ng aplikasyon; inilalarawan ng pahinang ito ang programa para madala ito ng bibili ng bahay sa isang lender o housing counselor.