CHFA Down Payment Assistance Second Mortgage Loan

Ang CHFA Down Payment Assistance Second Mortgage Loan ay isang ipinagpalibang pangalawang loan para sa mga bibili ng bahay sa Statewide, Colorado. CHFA's Down Payment Assistance Second Mortgage Loan is a 0% interest, deferred-payment second mortgage equal to up to 4% of the CHFA first mortgage loan amount (capped at $25,000 in practice for most products). No monthly payments are required. The full principal balance is due upon sale, refinance, payoff of the first mortgage, or when the home is no longer the borrower's primary residence; otherwise repayment is deferred to month 361 of the first mortgage. The Second Mortgage option is an alternative to the CHFA Grant — borrowers select one or the other, not both. Up to 4% of the CHFA first mortgage loan amount (capped at $25,000) as a 0% interest, deferred-payment second mortgage. No monthly payments — full balance is due upon sale, refinance, payoff of first mortgage, or when the home ceases to be the primary residence. otherwise deferred to month 361 of the first mortgage. Ang pondo ay mula sa State at Bond.

Ipinagpaliban ang CHFA Down Payment Assistance Second Mortgage Loan, kaya walang bayarin hanggang maibenta o ma-refinance ang bahay, o mabayaran nang buo ang unang mortgage. Kailangang bayaran kapag may Full principal balance due at sale, refinance, payoff of first mortgage, or when home is no longer primary residence. Otherwise deferred to month 361 of the first mortgage. No monthly payments and no interest accrual. Nakatala ang tulong bilang lien sa posisyong 2. 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 CHFA Down Payment Assistance Second Mortgage Loan sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Tungkol sa credit, sinasabi ng programa: 620 minimum FICO for FHA/VA/USDA; 660 for Conventional. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng CHFA-sponsored homebuyer education (online via eHomeAmerica or Framework, or in-person via CHFA-approved housing counseling agencies). Requirement sa paninirahan: Property must be located in Colorado and used as borrower's primary residence. Citizenship o katayuan sa imigrasyon: U.S. citizen, permanent resident alien, or qualified non-permanent resident alien per first-mortgage product overlays. Must be paired with an eligible CHFA first mortgage (CHFA Preferred, CHFA Preferred Plus, CHFA SmartStep, CHFA SmartStep Plus, CHFA FirstStep, CHFA FirstStep Plus, or CHFA HomeAccess). Borrower must have minimum mid-FICO of 620 (Government/USDA) or 660 (Conventional). Maximum DTI 50%. At least one borrower must complete CHFA homebuyer education. Borrower minimum cash contribution of $1,000 from own funds.

Nililimitahan ng CHFA Down Payment Assistance Second Mortgage Loan ang kita ng sambahayan sa $174,440. Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. 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.

Nililimitahan ng CHFA Down Payment Assistance Second Mortgage Loan ang presyo ng pagbili sa $806,500. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached, Townhome, Condominium (warrantable), 2-4 unit (per first-mortgage overlays), at Manufactured (real property, per product). Kwalipikado ang bagong gawang bahay. Kwalipikado ang mga manufactured home.

Pinaglilingkuran ng CHFA Down Payment Assistance Second Mortgage Loan ang mga bibili ng bahay sa Statewide, Colorado. Tinutukoy ng programa ang mga partikular na lugar: IRS-designated targeted areas in Colorado allow waiver of first-time-homebuyer requirement (where applicable) and offer higher income/purchase-price limits under the bond program.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa CHFA Down Payment Assistance Second Mortgage Loan, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Lender reservation through CHFA's HomeConnection loan reservation system. 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.