HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network

Ang HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network ay isang ipinagpalibang pangalawang loan para sa mga bibili ng bahay sa Winchester City, Frederick, Clarke, Warren, Page, Shenandoah County, Virginia, na pinangangasiwaan ng Blue Ridge Housing Network, Inc. (BRHN) - regional administrator for the Virginia DHCD HOMEownership DPA program. The HOMEownership Down Payment & Closing Cost Assistance Program (DPA), administered locally by Blue Ridge Housing Network for the Northern Shenandoah Valley (City of Winchester and Clarke, Frederick, Page, Shenandoah, and Warren counties), provides flexible gap financing to first-time homebuyers at or below 80% of area median income. Income-eligible buyers may receive up to 10% of the sales price (up to 15% in this designated high-cost region) plus up to $2,500 toward closing costs, with a maximum total of $40,000. Assistance is a 0% interest, no-payment deferred (silent second) loan secured by a deed of trust that is fully forgiven after a 5- or 10-year affordability period. Up to 10% (15% in high-cost area) of sales price toward down payment. Up to $2,500 toward closing costs. Maximum $40,000 total assistance. 0% interest, no monthly payments. Fully forgivable after 5- or 10-year affordability period. Free housing counseling. Ang pondo ay mula sa HUD HOME Investment Partnerships Program funds allocated through Virginia DHCD.

Nag-aalok ang HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network ng tulong mula $1,000 hanggang $40,000. Mga award tier: Affordability period set by subsidy amount: $1,000-$14,999 = 5 years; $15,000-$40,000 = 10 years. Up to 10% of sales price (15% in designated high-cost/depressed localities, which include the BRHN service area) plus up to $2,500 closing costs. Ambag ng bibili ng bahay: Buyers 50%-80% AMI contribute 1% of sales price from personal funds; buyers under 50% AMI contribute $500. Maaaring isama ang programa sa VIDA, ARS (Acquire, Renovate, Sell), Virginia Housing DPA, Virginia Housing SPARC, FHLB programs, USDA programs, Fannie Mae/Freddie Mac assistance programs. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang Blue Ridge Housing Network, Inc. (BRHN) - regional administrator for the Virginia DHCD HOMEownership DPA program ang nagpapasya sa anumang indibidwal na award.

Ipinagpaliban ang HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network, kaya walang bayarin hanggang maibenta o ma-refinance ang bahay, o mabayaran nang buo ang unang mortgage. Kailangang bayaran kapag may Sale, transfer of title, loan assumption, or ceasing to occupy the home as principal residence during the affordability period. Nakatala ang tulong bilang lien sa posisyong Second (silent/deferred second deed of trust behind the first-trust mortgage). 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 HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network 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": Never owned a home OR not held primary ownership in a principal residence within the most recent three-year period (with special cases for mobile homes titled as personal property and non-occupied investment/inherited property). Tungkol sa credit, sinasabi ng programa: FICO median score of 620; at least 3 trade lines open and current. Alternative credit may be considered. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng HUD-certified homebuyer education course through Virginia Housing, NeighborWorks, or a HUD-certified agency; one-on-one counseling required (BRHN provides counseling free). [Unparsed numeric values moved to notes: max_liquid_assets: Homebuyers with cash assets of 10% or more of the sales price are ineligible (excluding assets that cannot be liquidated without penalty).] First-time homebuyer; household income at or below 80% AMI; minimum 620 median FICO with 3+ open/current trade lines; minimum 90-day work history; complete HUD-certified homebuyer education and one-on-one counseling; 1% buyer contribution (50-80% AMI) or $500 (under 50% AMI); cash assets under 10% of sales price; fixed-rate first mortgage only; property must pass UPCS inspection and appraisal.

Nililimitahan ng HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Total household income at or below 80% of Area Median Income as established by HUD for household size and locality; income for all household members over 18 counted (full-time students 18+ excluded). 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 HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network ang presyo ng pagbili: Home value/sales price may not exceed 95% of the area median home sales price (HUD 203(b) limits), established annually by HUD. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single Family, 2-4 Unit, Townhouse, Condo, Modular, at Manufactured. Kwalipikado ang bagong gawang bahay. Kwalipikado ang mga manufactured home.

Pinaglilingkuran ng HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network ang mga bibili ng bahay sa Winchester City, Frederick, Clarke, Warren, Page, Shenandoah County, Virginia. Tinutukoy ng programa ang mga partikular na lugar: Designated high-cost/chronically economically depressed localities receive up to 15% of sales price (vs 10% standard). Winchester, Frederick, Clarke, Warren, Page, and Shenandoah qualify for the 15% tier.

Dumadaan sa Blue Ridge Housing Network, Inc. (BRHN) - regional administrator for the Virginia DHCD HOMEownership DPA program ang mga aplikasyon para sa HOMEownership Down Payment & Closing Cost Assistance Program (DPA) - Blue Ridge Housing Network, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng First-come, first-served; funds cannot be reserved until the homebuyer is pre-approved by a lender and meets DPA eligibility guidelines. 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.