Second Mortgage

Ang Second Mortgage ay isang pangalawang loan na babayaran para sa mga bibili ng bahay sa Statewide, Idaho. The IHFA Second Mortgage Program is Idaho Housing's standard repayable down payment and closing-cost assistance product. It provides up to 7% of the lesser of sales price or appraised value as a 15-year amortizing second mortgage at the first-mortgage rate plus 2.00%, paired with a 30-year fixed-rate IHFA first mortgage (FHA, VA, USDA, or Conventional). Open to all qualifying Idaho homebuyers; no first-time-homebuyer requirement; income up to $170,000; minimum $500 borrower contribution; Finally Home! Homebuyer Education required. Repayable second-mortgage DPA of up to 7% of the lesser of sales price or appraised value, paired with an IHFA 30-year fixed-rate first mortgage. Funds may be used toward down payment AND/OR closing costs. Borrower contributes as little as $500 of their own funds. No first-time-homebuyer requirement. Income limit $170,000 statewide. Second mortgage repaid via small monthly payments alongside primary mortgage over a 15-year term. Second-mortgage rate = first-mortgage rate + 2.00%. Ang pondo ay mula sa State, HFA, at Bond.

Ang Second Mortgage ay isang pangalawang loan na babayaran at binabayaran ayon sa mga tuntuning itinakda ng ang ahensyang nangangasiwa. Kailangang bayaran kapag may Monthly amortizing payments over 15 years alongside primary mortgage at balance due at sale, refinance, or non-occupancy. 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 Second Mortgage sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Tungkol sa credit, sinasabi ng programa: Minimum 620 FICO; 640+ may be required for some loan products. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Finally Home! Homebuyer Education (IHFA's education program; required) - online or in-person; finallyhome.org. Requirement sa paninirahan: Property must be located in Idaho and used as borrower's primary residence. Citizenship o katayuan sa imigrasyon: U.S. citizen or qualifying permanent/non-permanent resident alien per IHFA product overlays. Open to all qualifying Idaho homebuyers (no occupation restriction). Must be primary residence. Household income at or below $170,000 (some products require lower county-specific limits). Borrower contributes minimum $500 of own funds (loan transaction items qualify - earnest money, appraisal, inspection, education fees, flood insurance, etc.). Must complete Finally Home! Homebuyer Education prior to closing. Minimum 620 FICO (640+ for some products). Standard IHFA underwriting and product overlays apply.

Nililimitahan ng Second Mortgage ang kita ng sambahayan sa $170,000. 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.

Ganito nililimitahan ng Second Mortgage ang presyo ng pagbili: No published statewide purchase price cap on second mortgage; first-mortgage product limits apply. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached, condominium, townhouse, PUD, 2-unit (per first-mortgage product), manufactured (per overlays). Kwalipikado ang bagong gawang bahay. Kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Second Mortgage ang mga bibili ng bahay sa Statewide, Idaho. Tinutukoy ng programa ang mga partikular na lugar: IHFA designates federally qualified target areas with relaxed first-time homebuyer and income limits; see IHFA Lender Connection for current target-area census tracts.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Second Mortgage, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Loan officer reserves funds via Idaho Housing's Lender Connection portal at time of loan locking; subject to bond/program funding 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.