CHFA Time To Own - Forgivable Down Payment Assistance Program (TTO)

Ang CHFA Time To Own - Forgivable Down Payment Assistance Program (TTO) ay isang loan na mapapatawad para sa mga bibili ng bahay sa Statewide, Connecticut. Time To Own (TTO) is a forgivable second-mortgage down payment assistance program funded by the State of Connecticut and administered by CHFA on behalf of the Department of Housing. Eligible first-time homebuyers receive a 0% interest, non-amortizing loan of $3,000 to $25,000 with no monthly payment. Ten percent (10%) of the original principal is forgiven on each anniversary of loan closing, with the loan fully forgiven on the 10th anniversary. If the home is sold, refinanced (without subordination), or no longer the borrower's primary residence before year 10, any unforgiven balance must be repaid. Must be paired with a CHFA first mortgage and may be combined with the CHFA DAP loan. 0% interest, no monthly payment. 10% of the original principal is forgiven each year on the loan-closing anniversary. the loan is fully forgiven on the 10th anniversary. Loan amounts range from $3,000 up to $25,000. Funds may be used for down payment, closing costs, and pre-paids. Stackable with the CHFA DAP loan. Ang pondo ay mula sa State, Bond, at State General Fund.

Pinapatawad ang CHFA Time To Own - Forgivable Down Payment Assistance Program (TTO) pagkalipas ng 10 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Sale, transfer, refinance (without approved subordination), or property no longer used as borrower's primary residence prior to the 10-year forgiveness period at only the unforgiven balance is due. Nakatala ang tulong bilang lien sa posisyong 2nd Lien. 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 Time To Own - Forgivable Down Payment Assistance Program (TTO) sa mga unang beses na bibili ng bahay at mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. May mga eksepsiyon dito ang "unang beses": Federally designated targeted areas and qualified veterans may be exempt from the 3-year first-time-homebuyer requirement (per CHFA first-mortgage rules). Tungkol sa credit, sinasabi ng programa: 660 minimum FICO (per CHFA first-mortgage overlays). Kailangan ang kurso sa homebuyer education, sa pamamagitan ng CHFA-approved Homebuyer Education / Pre-Purchase Counseling providers (HUD-approved housing counseling agencies). Requirement sa paninirahan: Property must be located in Connecticut and used as the borrower's primary residence. Citizenship o katayuan sa imigrasyon: U.S. citizen or qualified non-citizen (per CHFA first-mortgage requirements). Must qualify for and obtain a CHFA first mortgage from a CHFA-Participating Lender. Pre-purchase homebuyer education required. Borrower household income must be at or below program AMI thresholds (which differ from CHFA bond income limits). Borrowers at or below 80% AMI may receive up to $25,000; borrowers above 80% AMI but within program limits receive up to $25,000 with reduced match levels. Property must be in Connecticut and primary residence.

Nililimitahan ng CHFA Time To Own - Forgivable Down Payment Assistance Program (TTO) ang kita ng sambahayan sa $110,000. 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 Time To Own - Forgivable Down Payment Assistance Program (TTO) ang presyo ng pagbili sa $750,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang 1-4 unit owner-occupied, condominium, planned unit development (PUD), manufactured/mobile home (per CHFA program). Kwalipikado ang bagong gawang bahay. Kwalipikado ang mga manufactured home.

Pinaglilingkuran ng CHFA Time To Own - Forgivable Down Payment Assistance Program (TTO) ang mga bibili ng bahay sa Statewide, Connecticut. Tinutukoy ng programa ang mga partikular na lugar: Federally designated targeted areas in Connecticut (per IRC Section 143) receive higher CHFA bond sales price and income limits and waive the first-time-homebuyer requirement. TTO assistance levels are based on HUD AMI Planning Regions, not target-area status.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa CHFA Time To Own - Forgivable Down Payment Assistance Program (TTO), na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Reserved by CHFA-Participating Lender via CHFA's TTO Worksheet/lender portal at the time of first-mortgage reservation; subject to fund availability. 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.