HIP Subordinate Deed of Trust

Ang HIP Subordinate Deed of Trust ay isang loan na mapapatawad para sa mga bibili ng bahay sa Washington, District of Columbia, na pinangangasiwaan ng District of Columbia Housing Finance Agency (DCHFA). The HIP Subordinate Deed of Trust (HIP) provides eligible first-time and repeat homebuyers up to $20,000 in fully forgivable financing for down payment and closing cost assistance, secured by a subordinate deed of trust. It is available only when purchasing a workforce unit in Housing Investment Platform for-sale projects supported by DCHFA's investment in affordable homeownership in collaboration with emerging developers. Up to $20,000 in fully forgivable down payment and closing cost financing that reduces the amount needed for a first trust mortgage.

Nag-aalok ang HIP Subordinate Deed of Trust ng tulong na hanggang $20,000. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang District of Columbia Housing Finance Agency (DCHFA) ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang HIP Subordinate Deed of Trust pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Sale or transfer (including gift), property ceasing to be borrower's primary residence, or refinance of the first trust mortgage within five years of closing; on sale within the initial five-year period, equity proceeds are shared between borrower and DCHFA per a distribution schedule. Nakatala ang tulong bilang lien sa posisyong subordinate. 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 HIP Subordinate Deed of Trust sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Only available when purchasing a designated workforce unit in a DCHFA Housing Investment Platform (HIP) for-sale project. Forgivable financing is lost (becomes due) if within five years the property is sold or transferred (including by gift), is no longer the borrower's primary residence, or the first trust mortgage is refinanced. If the property is sold within the initial five-year period, equity proceeds are split between borrower and DCHFA per a distribution schedule provided at closing (shared-appreciation feature on early sale). Borrower must have secured primary financing evidenced by a First Deed of Trust Note. Open to both DC residents and non-residents. Income is based on BORROWER's income only (not household).

Nililimitahan ng HIP Subordinate Deed of Trust ang kita ng sambahayan sa 170% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Maximum borrower income may not exceed 170% of Area Median Income (AMI), with a maximum income of $275,400. Income is based on borrower income only. 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.

Pinaglilingkuran ng HIP Subordinate Deed of Trust ang mga bibili ng bahay sa Washington, District of Columbia.

Dumadaan sa District of Columbia Housing Finance Agency (DCHFA) ang mga aplikasyon para sa HIP Subordinate Deed of Trust, 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.