Downpayment Assistance Program

Ang Downpayment Assistance Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Augusta, Georgia. The Augusta Housing & Community Development Department's Downpayment Assistance Program provides low-to-moderate-income first-time homebuyers in Augusta-Richmond County with a deferred-payment forgivable second-mortgage loan of $1,000-$10,000 for down payment and closing costs. Funded by HUD HOME Investment Partnerships and the American Dream Down-payment Initiative (ADDI). The 5-year forgivable lien is reduced 20% per year and fully forgiven at the 5th anniversary if owner-occupancy and residential use are maintained. Deferred-payment forgivable loan from $1,000 up to $10,000 toward down payment and/or closing costs. The full balance is forgiven on the 5th anniversary of purchase if borrower continues to own and occupy the home and use remains residential. Within the 5-year period, 20% of the assistance amount is forgiven each year (1/5 per year). No monthly payments. Ang pondo ay mula sa HUD HOME Investment Partnerships Program and American Dream Down-payment Initiative (ADDI); Federal.

Pinapatawad ang Downpayment Assistance Program pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Sale, transfer of title, conversion to non-residential use, failure to occupy as primary residence, or rental of the property during the 5-year affordability period triggers repayment of the unforgiven balance (full balance year 1, declining 20% each year). After year 5 the lien is released. 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 Downpayment 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": First-time-homebuyer requirement waived for HUD-defined displaced homemakers and HUD-defined single parents (unmarried or legally separated with custody of one or more minor children, or pregnant). Tungkol sa credit, sinasabi ng programa: No published minimum FICO; lender underwriting and 'satisfactory credit history' required. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Department-approved homebuyer education program required prior to purchase; post-purchase counseling class also required prior to end of 5-year forgiveness period. Requirement sa paninirahan: Property must be located within Augusta-Richmond County, excluding the City of Blythe. Applicant must be a first-time homebuyer per HUD definition (no homeownership in last 3 years), or a HUD-defined displaced homemaker, or single parent (unmarried/legally separated with custody of one or more minor children, or pregnant). Court-ordered custody documentation required for surrogate family members. Applicant must have satisfactory income and employment, satisfactory credit history, and complete an AHCDD-approved homebuyer education course. Property must serve as sole place of residency (no rental, no commercial use). Annual residency documentation (utility bills) must be submitted during the 5-year affordability period. Post-homeowner counseling class required prior to end of forgiveness period.

Nililimitahan ng Downpayment Assistance Program ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Total annual household income cannot exceed 80% of HUD Area Median Income for Augusta-Richmond County (FY2025): 1p $49,500; 2p $56,550; 3p $63,600; 4p $70,650; 5p $76,350; 6p $82,000; 7p $87,650; 8p $93,300. Household income includes wages, salaries, government and non-government benefits, court-ordered child support, alimony, and stock dividends of all household members listed on application (including employed children). Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Nakalista sa programa ang pinakamalaking laki ng sambahayan na 8. 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 Downpayment Assistance Program ang presyo ng pagbili sa $253,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang One-unit single-family dwelling (attached or detached) designed for residential use, intended for owner-occupancy. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Downpayment Assistance Program ang mga bibili ng bahay sa Augusta, Georgia.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Downpayment Assistance Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Lender submits sales contract and applicant documentation to AHCDD after first mortgage application. AHCDD reviews and inspects the property; if approved, voluntary sales certification is sent to the seller and closing is scheduled with the closing attorney. 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.