Urban League of Hampton Roads — Virginia Down Payment Assistance (VA DPA) Pilot Program

Ang Urban League of Hampton Roads — Virginia Down Payment Assistance (VA DPA) Pilot Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Norfolk; Virginia Beach, Virginia, na pinangangasiwaan ng Urban League of Hampton Roads, Inc. (ULHR). The Urban League of Hampton Roads (ULHR), a HUD-approved housing counseling agency, is a designated regional administrator of the Virginia Down Payment Assistance (VA DPA) Pilot Program for the Hampton Roads region, serving Chesapeake, Franklin, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, and Smithfield. The VA DPA Pilot, funded by the Commonwealth of Virginia (not federal HOME funds) and administered through DHCD, provides down payment and closing-cost assistance to first-time homebuyers earning up to 60% of Area Median Income. Assistance is a forgivable second mortgage of $20,000 to $50,000 (including up to $2,500 in closing costs), secured for a 15-year affordability period and forgiven 1/15 per year; it can be fully forgiven if the buyer keeps the home as their principal residence for 15 years. ULHR also provides one-on-one pre-purchase counseling, first-time homebuyer classes, and access to Virginia Housing's SPARC 1% rate-reduction program. Forgivable second mortgage of $20,000-$50,000. Up to $2,500 toward closing costs. 0% interest, no monthly payments. Forgiven 1/15 per year; fully forgiven after 15 years. HUD-certified pre-purchase counseling and homebuyer education. Ang pondo ay mula sa Commonwealth of Virginia general funds (state-funded VA DPA Pilot), administered by Virginia DHCD.

Nag-aalok ang Urban League of Hampton Roads — Virginia Down Payment Assistance (VA DPA) Pilot Program ng tulong mula $20,000 hanggang $50,000. Mga award tier: Single tier; up to 60% AMI; assistance $20,000-$50,000. Ambag ng bibili ng bahay: Borrower must contribute 1% of the sales price from personal funds if income is 50%-60% AMI; if income is below 50% AMI, contribution is $500 (receipts required). Maaaring isama ang programa sa VIDA, ARS, Virginia Housing DPA, Virginia Housing SPARC, FHLB programs, USDA programs, Freddie Mac/Fannie Mae assistance, lender/employer/housing-authority programs. NOT stackable with: DHCD HOME DPA (federal), CDBG, or ASNH. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang Urban League of Hampton Roads, Inc. (ULHR) ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang Urban League of Hampton Roads — Virginia Down Payment Assistance (VA DPA) Pilot Program pagkalipas ng 15 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may If the household moves out or sells before the end of the 15-year affordability period, a prorated portion of the assistance (the unforgiven balance, forgiven 1/15 per year) must be repaid from net proceeds after the first mortgage is satisfied. Failure to occupy as principal residence triggers repayment of the entire outstanding VA DPA investment. Nakatala ang tulong bilang lien sa posisyong Second (forgivable second mortgage / deferred loan behind 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 Urban League of Hampton Roads — Virginia Down Payment Assistance (VA DPA) Pilot 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 = never owned a home OR has not held primary ownership in a principal residence within the most recent 3-year period. Mobile homes titled as personal property and investment/inherited property not occupied as principal residence in the last 3 years still qualify the buyer as first-time. Tungkol sa credit, sinasabi ng programa: Median FICO of 620 with 3 open, current trade lines. Exception to 580+ permitted if using an FHA fixed-rate product (or provider in-house fixed-rate financing) and meeting FHA guidelines, or with documented alternative credit. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng HUD-certified homebuyer education through Virginia Housing, NeighborWorks, or a HUD-certified agency; ULHR offers its own first-time homebuyer classes and one-on-one counseling. Requirement sa paninirahan: Property must be purchased in ULHR's VA DPA Pilot service area (Chesapeake, Franklin, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, Smithfield). Loan TERM: forgivable 0% second mortgage, $20,000-$50,000, 15-year affordability period, forgiven 1/15 per year, fully forgiven after 15 years of principal-residence occupancy; not assumable; max direct assistance cannot exceed 30% of sales price. Buyer must be pre-qualified with an FHA-approved lender, complete HUD-certified homebuyer education and counseling, have 90-day minimum work history, pay off collections of $1,000+ and all judgments before closing, and hold cash assets below 10% of sales price. For Sale by Owner ineligible (except landlord-to-tenant, case-by-case). No cash back at closing.

Nililimitahan ng Urban League of Hampton Roads — Virginia Down Payment Assistance (VA DPA) Pilot Program ang kita ng sambahayan sa 60% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Total household income up to 60% of HUD Area Median Income for the locality and household size, per HUD HOME income limits. Dollar limits vary by jurisdiction and household size across the Hampton Roads service area; see HUD/DHCD HOME income limit tables. (Unconfirmed: ULHR does not publish a per-household-size dollar chart on its site.). 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 Urban League of Hampton Roads — Virginia Down Payment Assistance (VA DPA) Pilot Program ang presyo ng pagbili: Home value may not exceed 95% of the area median sales price (HUD 203(b) limits), established annually by HUD per locality. Property must be turnkey at settlement. Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached (one unit), Duplex/Triplex (assisted unit individually sold and deeded, owner-occupied), Townhome, Condominium, Modular home, at Manufactured home (post-June 15, 1976; permanent utility hookups; owned land or long-term lease). Kwalipikado ang bagong gawang bahay. Kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Urban League of Hampton Roads — Virginia Down Payment Assistance (VA DPA) Pilot Program ang mga bibili ng bahay sa Norfolk; Virginia Beach, Virginia.

Dumadaan sa Urban League of Hampton Roads, Inc. (ULHR) ang mga aplikasyon para sa Urban League of Hampton Roads — Virginia Down Payment Assistance (VA DPA) Pilot Program, 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 reserved only after lender pre-approval and VA DPA eligibility. 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.