East Trenton Collaborative (ETC) Down Payment Assistance Program

Ang East Trenton Collaborative (ETC) Down Payment Assistance Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Trenton, New Jersey. The East Trenton Collaborative (ETC) Down Payment Assistance Program is a place-based DPA grant operated by NJCC's Address Yourself(TM) program in partnership with the East Trenton Collaborative, a community-based organization focused on revitalizing the East Trenton neighborhood. The program provides up to $10,000 in down payment assistance to income-eligible first-time buyers purchasing 1-4 family primary residences within East Trenton (North Ward of Trenton). Funds may be used for down payment and closing costs. Structured as a 5-year forgivable grant. Provides up to $10,000 in down payment assistance grants to income-eligible buyers purchasing a 1-4 family primary residence in the East Trenton neighborhood of Trenton's North Ward. Minimum grant is $5,000 or the total of estimated down payment and closing costs (whichever is greater, up to $10,000). Five-year forgivable. 0% interest, no monthly payment. Ang pondo ay mula sa Nonprofit at Foundation.

Pinapatawad ang East Trenton Collaborative (ETC) 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 Sale, refinance (without subordination), or property no longer used as primary residence prior to 5-year forgiveness at balance forgiven 20% per year. 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 East Trenton Collaborative (ETC) 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": First-time homebuyer requirement applies (no ownership in prior 3 years). Tungkol sa credit, sinasabi ng programa: Per first-mortgage product overlay (typically 620+ FICO). Kailangan ang kurso sa homebuyer education, sa pamamagitan ng NJCC- and HUD-approved housing counseling agencies; pre-purchase counseling certificate (within 1 year) required. Requirement sa paninirahan: Property must be located within the East Trenton neighborhood of Trenton (Mercer County), NJ, and used as the borrower's primary residence. Citizenship o katayuan sa imigrasyon: U.S. citizen, qualified non-citizen, or ITIN holder eligible. Property must be located within the East Trenton neighborhood (North Ward) of Trenton, NJ. Owner-occupied 1-4 family primary residence only (no investment / second homes). Must enroll in the Address Yourself homeownership program and complete HUD-approved pre-purchase counseling. ITIN holders eligible. Income must comply with HUD AMI guidelines (100% AMI by household size for Mercer County).

Nililimitahan ng East Trenton Collaborative (ETC) 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. Up to 100% of HUD Area Median Income for Mercer County, adjusted for household size. Approximate range (2025 HUD): 1-person ~ $88,400; 4-person ~ $126,200; 8-person ~ $166,600. Statewide cross-county range $88,400 - $166,600. 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 East Trenton Collaborative (ETC) Down Payment Assistance Program ang presyo ng pagbili: No published maximum purchase price; subject to first-mortgage product limits. Kabilang sa mga kwalipikadong uri ng ari-arian ang 1-4 family residential property occupied as primary residence. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng East Trenton Collaborative (ETC) Down Payment Assistance Program ang mga bibili ng bahay sa Trenton, New Jersey. Tinutukoy ng programa ang mga partikular na lugar: Eligible only for properties in the East Trenton neighborhood (North Ward) of Trenton, NJ. Place-based program designed to support revitalization of East Trenton.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa East Trenton Collaborative (ETC) 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 Reserved through Address Yourself application process once borrower is enrolled, preapproved, and under contract on a property in East Trenton. 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.