Baltimore Southwest Partnership Inc Down Payment Assistance Program

Ang Baltimore Southwest Partnership Inc Down Payment Assistance Program ay isang ipinagpalibang pangalawang loan para sa mga bibili ng bahay sa Baltimore, Maryland. Project-based DPA for SWP-rehabilitated homeownership zones in Pigtown, Mount Clare, and Franklin Square (Southwest Baltimore). $5K-$20K typical, 0% deferred forgivable, 5-year retention (project-specific affordability covenant longer). 80% AMI, FTHB. Layered with State DHCD / City / CDFI subsidies. Down payment / closing-cost assistance for buyers purchasing in the Southwest Partnership (SWP) footprint - the seven Southwest Baltimore neighborhoods of Barre Circle, Franklin Square, Hollins Roundhouse, Mount Clare, Pigtown, Poppleton, and Union Square. Project-based DPA layered into SWP-rehabilitated homeownership zones in Pigtown (adjacent to Carroll Park), Mount Clare (Union Square / Wilkens Avenue), and Franklin Square (Franklin Square Park / Route 40 corridor). Typical assistance ranges $5,000-$20,000 depending on project, layered with State DHCD subsidies, City of Baltimore subsidies (V2V, BRNI, etc.), and CDFI funding. Structured as 0% deferred forgivable second mortgage with 5-year retention (or longer affordability period for more heavily subsidized projects). 80% AMI cap (income range $62,600-$118,050 per LendSquawk seed). FTHB only (typically). Pairs with Maryland Mortgage Program first mortgage and other FHA/VA/USDA/conventional first mortgages. Ang pondo ay mula sa Foundation, State, Local Government, at CDFI.

Pinapatawad ang Baltimore Southwest Partnership Inc Down Payment Assistance Program pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Soft second, due on sale/transfer/cash-out refi/non-owner-occupancy. Forgiveness schedule project-specific (typically 5 years pro-rata, at longer affordability covenant may apply on resale). 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 Baltimore Southwest Partnership Inc 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": Standard 3-year FTHB lookback (typical). Tungkol sa credit, sinasabi ng programa: No SWP-published minimum; first-mortgage lender's product minimums apply. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Baltimore City-approved homeownership counseling agencies (NHS of Baltimore, GO Northwest, Druid Heights CDC, etc.). SWP refers buyers to partner counselors. Requirement sa paninirahan: Property must be in SWP footprint (7 neighborhoods) and serve as primary residence. Citizenship o katayuan sa imigrasyon: Per first-mortgage product rules. Property must be in Southwest Partnership footprint (Barre Circle, Franklin Square, Hollins Roundhouse, Mount Clare, Pigtown, Poppleton, or Union Square) - typically an SWP-rehabilitated home in one of the three SWP homeownership zones (Pigtown, Mount Clare, Franklin Square). First-time homebuyer (typical). 80% AMI household income cap. Owner-occupied primary residence. $1,000+ buyer contribution (typical). Pre-purchase counseling certificate from Baltimore City-approved agency. Property-level affordability covenant typically applies (5-year retention plus longer-term resale price restriction).

Nililimitahan ng Baltimore Southwest Partnership Inc Down Payment Assistance Program ang kita ng sambahayan sa 100% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Household income at or below 80% AMI for Baltimore HMFA (~$62,600 1-person to $118,050 8-person per seed; verify with SWP for current cycle). 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 Baltimore Southwest Partnership Inc Down Payment Assistance Program ang presyo ng pagbili: Per project sale price; SWP-rehabilitated homes typically priced under $250K-$300K. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached, Rowhouse, at Townhome. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Baltimore Southwest Partnership Inc Down Payment Assistance Program ang mga bibili ng bahay sa Baltimore, Maryland. Tinutukoy ng programa ang mga partikular na lugar: TARGETED NEIGHBORHOODS: Southwest Partnership footprint - Barre Circle, Franklin Square, Hollins Roundhouse, Mount Clare, Pigtown, Poppleton, Union Square. Primary homeownership-zone activity in Pigtown, Mount Clare, and Franklin Square.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Baltimore Southwest Partnership Inc 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 Project-based; buyer applies for an SWP-rehabilitated home through SWP's homebuyer process. SWP coordinates DPA layering with state DHCD, city DHCD, and partner CDFI. 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.