Homeownership Down Payment and Settlement Assistance Fund

Ang Homeownership Down Payment and Settlement Assistance Fund ay isang loan na mapapatawad para sa mga bibili ng bahay sa Dover, Delaware. The City of Dover Homeownership Down Payment and Settlement Assistance Fund (also marketed as the Dover First Start Program) provides forgivable second-mortgage assistance of up to $20,000 to help low- and moderate-income first-time homebuyers purchase a home within the City of Dover. Funded primarily through CDBG and/or city funds, the assistance covers down payment and settlement/closing costs and is forgiven after 10 years of owner-occupancy. Forgivable second mortgage up to $20,000 for down payment and settlement/closing-cost assistance on eligible properties located within the City of Dover. Loan carries 0% interest and is forgiven after 10 years if the borrower continues to occupy the property as their primary residence. Designed to help low- and moderate-income first-time homebuyers (and qualifying single parents/displaced homemakers) purchase a home within the city limits. Ang pondo ay mula sa Federal CDBG at Local Government.

Pinapatawad ang Homeownership Down Payment and Settlement Assistance Fund pagkalipas ng 10 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Loan is forgiven after 10 years of continuous owner-occupancy as primary residence. If property is sold, transferred, refinanced (cash-out), or ceases to be the borrower's principal residence within the 10-year period, the full unforgiven loan balance becomes due. 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 Homeownership Down Payment and Settlement Assistance Fund 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": Single-parent exception: applicant who has not owned a home for at least 1 year (except as joint owner) may qualify; displaced homemaker exception per HUD definition. Tungkol sa credit, sinasabi ng programa: No published Dover-specific minimum; first-mortgage lender's product minimums apply. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng HUD-certified homeownership counseling agency (e.g., NeighborGood Partners/NCALL, Interfaith Community Housing of Delaware); buyer must complete HUD-certified pre-purchase counseling before signing sales contract or applying for first mortgage. Requirement sa paninirahan: Property must be located within the corporate limits of the City of Dover, DE, and serve as borrower's primary residence. Citizenship o katayuan sa imigrasyon: U.S. citizen or eligible non-citizen per first-mortgage product rules. Buyer must not have owned a principal residence in the prior 3 years (single-parent exception: not owned in last 1 year except as joint owner). Household income must not exceed 80% of HUD area median income for Kent County / Dover by household size (approximately $37,450 1-person to $70,650 8-person at 80% AMI). Property must be located within the City of Dover corporate limits and serve as the buyer's primary residence. Buyer must complete HUD-certified homeownership counseling before contract/loan application and be certified prior to closing. First mortgage must be a fixed-rate loan. If property is sold, transferred, refinanced (cash-out), or ceases to be the borrower's principal residence within the 10-year affordability period, the unforgiven balance becomes due.

Nililimitahan ng Homeownership Down Payment and Settlement Assistance Fund ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Household income may not exceed 80% of HUD area median income for the Dover, DE HUD income area, adjusted for household size. Approximate range: $37,450 (1-person) to $70,650 (8-person) at 80% AMI under current HUD limits. 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.

Ganito nililimitahan ng Homeownership Down Payment and Settlement Assistance Fund ang presyo ng pagbili: No published Dover-specific maximum purchase price; property must be located within the City of Dover corporate limits. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached, Townhome, at Condominium. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Homeownership Down Payment and Settlement Assistance Fund ang mga bibili ng bahay sa Dover, Delaware.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Homeownership Down Payment and Settlement Assistance Fund, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Application processed through City of Dover Community Development office (or partnering HUD-approved housing counselor) on a first-come, first-served basis 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.