Homes by CFE Down Payment Assistance Program

Ang Homes by CFE Down Payment Assistance Program ay isang shared-appreciation loan para sa mga bibili ng bahay sa Washington, District of Columbia, na pinangangasiwaan ng City First Homes, Inc. (dba Homes by CFE). Homes by CFE is a Special Purpose Credit Program from City First Homes (a DC-government-supported 501(c)(3), NMLS #1503997) that provides up to 20% of a home's purchase price (max $100,000) as down payment assistance, plus up to $10,000 in closing cost assistance for borrowers at or below 100% MFI. The borrower makes interest-only monthly payments, and the total assistance is repaid when the home is sold or refinanced. The program is designed to expand homeownership for African American/Black and Hispanic/Latinx households in DC. Up to 20% of purchase price (max $100,000) DPA. Up to $10,000 additional closing cost assistance for borrowers at/below 100% MFI. Interest-only repayment during loan term. Loan reduced if borrower contributes more own funds. Designed to close the financing gap for Black and Hispanic/Latinx DC buyers. Ang pondo ay mula sa City First Homes / City First Enterprises (CFE) nonprofit capital; supported by the DC government.

Nag-aalok ang Homes by CFE Down Payment Assistance Program ng tulong na hanggang $100,000. Mga award tier: Up to 20% of purchase price (max $100,000) for borrowers at/below 120% MFI; borrowers at/below 100% MFI may also receive up to an additional $10,000 in closing cost assistance. Ambag ng bibili ng bahay: No stated minimum borrower contribution; if borrower contributes more own funds, Homes by CFE reduces the loan amount accordingly. Maaaring isama ang programa sa Borrower must obtain a separate first trust mortgage; lender must accept the Homes by CFE DPA loan terms. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang City First Homes, Inc. (dba Homes by CFE) ang nagpapasya sa anumang indibidwal na award.

Ang Homes by CFE Down Payment Assistance Program ay isang shared-appreciation loan at binabayaran ayon sa mga tuntuning itinakda ng City First Homes, Inc. (dba Homes by CFE). Kailangang bayaran kapag may Total assistance (down payment + any closing cost assistance) is repaid when the property is sold or refinanced. Borrower makes monthly interest-only payments for the term of the loan until then. Nakatala ang tulong bilang lien sa posisyong Second (subordinate to first trust mortgage). 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 Homes by CFE Down Payment Assistance Program 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": FHA first-time homebuyer definition (no principal-residence ownership in past 3 years). Exceptions: single parents/displaced homemakers who only owned with a former spouse; persons who only owned a non-permanently-affixed residence or non-code-compliant property. Tungkol sa credit, sinasabi ng programa: Not published; borrower must qualify for a first trust mortgage. Special Purpose Credit Program designed for borrowers locked out of homeownership. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Homeownership counseling (certificate required) plus the mandatory Homes by CFE homebuyer orientation. Requirement sa paninirahan: Property must be purchased in the District of Columbia and occupied as primary residence. SPECIAL PURPOSE CREDIT PROGRAM: borrower must identify as African American/Black or Hispanic/Latinx to qualify (race/ethnicity restricted). After closing, borrower may not have more than six months of cash reserves (excludes 401(k)s). Gaps: exact min credit score, max DTI, annual funding cap, eligible mortgage products, and exact 4-person income dollar limit not published.

Nililimitahan ng Homes by CFE Down Payment Assistance Program ang kita ng sambahayan sa 120% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Income must fall below 120% Median Family Income (MFI) for household size, based on DC DHCD Inclusionary Zoning income limits (updated annually). Co-borrower income included. Borrowers at/below 100% MFI qualify for additional $10,000 closing cost assistance. 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 Homes by CFE Down Payment Assistance Program ang presyo ng pagbili sa $584,400. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single Family, Condo, at Cooperative.

Pinaglilingkuran ng Homes by CFE Down Payment Assistance Program ang mga bibili ng bahay sa Washington, District of Columbia.

Dumadaan sa City First Homes, Inc. (dba Homes by CFE) ang mga aplikasyon para sa Homes by CFE Down Payment Assistance Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Apply via online program application; a team member contacts applicant within 48 hours; approval to loan issuance within 3 business days of receiving all documentation. 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.