Cash Assistance Mortgage Program

Ang Cash Assistance Mortgage Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Statewide, New Hampshire. NH Housing's flagship DPA: up to 4% of first-mortgage loan amount as a 0%-interest forgivable second mortgage. Forgiven 1% per year over 4 years. Pairs with Home First / Home Flex / Home Preferred / ROC Preferred. 620 FICO. Statewide. NH Housing's Cash Assistance Mortgage Program provides up to 4% of the base first-mortgage loan amount as down-payment / closing-cost assistance, structured as a 0%-interest forgivable second mortgage. The 4% second is forgiven on a pro-rata basis at 1% per year over 4 years of continued owner-occupancy. Pairs with NH Housing's Home First (FTHB), Home Flex (no FTHB requirement), Home Preferred (HFA conventional), or ROC Preferred (manufactured housing) first-mortgage products. (Home Flex Plus already bundles the 4% Cash Assistance, so Cash Assistance is implicit there.) Borrower must use a NH Housing-approved participating lender. 620 minimum FICO. Income limits up to $176,200 in higher-cost counties / $125,900-$144,785 non-targeted by household size. Acquisition cost up to $950,000 in higher-cost counties / $505,000 non-targeted. Homebuyer education required. Ang pondo ay mula sa State.

Pinapatawad ang Cash Assistance Mortgage Program pagkalipas ng 4 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may 0% interest. Forgiven 25% per year over 4 years of continued owner-occupancy. Unforgiven balance due on sale, refinance, transfer of title, or non-owner-occupancy before 4 years. No monthly payment. 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 Cash Assistance Mortgage Program sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Tungkol sa credit, sinasabi ng programa: 620 minimum FICO. Higher minimums per first-mortgage product overlays (e.g., 680 for HFA conventional under Home First). Kailangan ang kurso sa homebuyer education, sa pamamagitan ng NH Housing-approved homebuyer education course (online via Framework or in-person via NH Housing-funded counseling agencies including AHEAD, NeighborWorks Southern NH, and The Way Home). Requirement sa paninirahan: Property must be located in New Hampshire and be the borrower's primary residence. Citizenship o katayuan sa imigrasyon: U.S. citizen, permanent resident, or qualifying non-permanent resident alien per first-mortgage product overlays. Must be paired with a NH Housing Home First, Home Flex, Home Preferred, or ROC Preferred first mortgage. Owner-occupied primary residence. 620 minimum FICO. Maximum 45% DTI. Household income at or below NH Housing limits ($125,900 1-2 person / $144,785 3+ non-targeted; up to $151,080 / $176,200 in targeted/higher-cost counties). Maximum purchase price $505,000 non-targeted / up to $950,000 in higher-cost counties. Homebuyer education required. First-time-homebuyer status NOT required (Cash Assistance pairs with Home Flex which has no FTHB requirement). Borrower must remain in property as primary residence for the 4-year forgiveness term (1% forgiven per year).

Nililimitahan ng Cash Assistance Mortgage Program ang kita ng sambahayan sa $176,200. 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 Cash Assistance Mortgage Program ang presyo ng pagbili sa $950,000. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached, 2-4 unit owner-occupied (per first-mortgage overlays), condominium (project-approved), townhouse, PUD, modular, and manufactured home on permanent foundation (ROC Preferred only for in-park manufactured housing). Kwalipikado ang bagong gawang bahay. Kwalipikado ang mga manufactured home.

Binabanggit ng Cash Assistance Mortgage Program ang mga beterano, mga miyembro ng militar na nasa aktibong serbisyo, mga reservist at miyembro ng National Guard, at mga naiwang asawa sa mga grupong pinaglilingkuran nito. Ang pagkakabanggit dito ay nangangahulugang binabanggit ng programa ang grupo, hindi na sapat na ang pagiging miyembro para maging kwalipikado ang isang aplikante — nalalapat pa rin ang iba pang patakaran sa eligibility.

Pinaglilingkuran ng Cash Assistance Mortgage Program ang mga bibili ng bahay sa Statewide, New Hampshire. Tinutukoy ng programa ang mga partikular na lugar: Federally designated targeted census tracts (per IRS Section 143) where MRB first-time-homebuyer requirement is waived and higher income / acquisition-cost limits apply. Higher-cost counties (Rockingham, Strafford, Hillsborough) have higher acquisition-cost limits up to $950,000.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Cash Assistance Mortgage Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Reserved through NH Housing's online lender portal (Lender Online) at time of rate lock by approved participating lender. 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.