CHFA Down Payment Assistance Second Mortgage Loan

CHFA Down Payment Assistance Second Mortgage Loan是面向Statewide，Colorado购房者的延期第二贷款。 CHFA's Down Payment Assistance Second Mortgage Loan is a 0% interest, deferred-payment second mortgage equal to up to 4% of the CHFA first mortgage loan amount (capped at $25,000 in practice for most products). No monthly payments are required. The full principal balance is due upon sale, refinance, payoff of the first mortgage, or when the home is no longer the borrower's primary residence; otherwise repayment is deferred to month 361 of the first mortgage. The Second Mortgage option is an alternative to the CHFA Grant — borrowers select one or the other, not both. Up to 4% of the CHFA first mortgage loan amount (capped at $25,000) as a 0% interest, deferred-payment second mortgage. No monthly payments — full balance is due upon sale, refinance, payoff of first mortgage, or when the home ceases to be the primary residence. otherwise deferred to month 361 of the first mortgage. 资金来自State和Bond。

CHFA Down Payment Assistance Second Mortgage Loan为延期还款，在房屋出售、再融资或第一抵押贷款还清之前无需付款。 触发还款的情形：Full principal balance due at sale, refinance, payoff of first mortgage, or when home is no longer primary residence. Otherwise deferred to month 361 of the first mortgage. No monthly payments and no interest accrual. 该援助以2顺位留置权登记。 免除和还款条款由项目设定，并可能变化——申请前请在项目官方网页上确认。

CHFA Down Payment Assistance Second Mortgage Loan面向将房屋作为主要住所自住的购房者。 关于信用，该项目说明：620 minimum FICO for FHA/VA/USDA; 660 for Conventional。 须参加购房者教育课程，由CHFA-sponsored homebuyer education (online via eHomeAmerica or Framework, or in-person via CHFA-approved housing counseling agencies)提供。 居住要求：Property must be located in Colorado and used as borrower's primary residence。 公民身份或移民身份：U.S. citizen, permanent resident alien, or qualified non-permanent resident alien per first-mortgage product overlays。 Must be paired with an eligible CHFA first mortgage (CHFA Preferred, CHFA Preferred Plus, CHFA SmartStep, CHFA SmartStep Plus, CHFA FirstStep, CHFA FirstStep Plus, or CHFA HomeAccess). Borrower must have minimum mid-FICO of 620 (Government/USDA) or 660 (Conventional). Maximum DTI 50%. At least one borrower must complete CHFA homebuyer education. Borrower minimum cash contribution of $1,000 from own funds.

CHFA Down Payment Assistance Second Mortgage Loan将家庭收入限制在$174,440。 该限制适用于家庭总收入，而不仅是借款人的收入。 地区收入中位数由HUD公布并每年更新，因此在依据某个数字之前，请查看该县的最新表格。

CHFA Down Payment Assistance Second Mortgage Loan将房价上限设为$806,500。 符合条件的房屋类型包括Single-family detached、Townhome、Condominium (warrantable)、2-4 unit (per first-mortgage overlays)和Manufactured (real property, per product)。 新建房屋符合条件。 预制房屋符合条件。

CHFA Down Payment Assistance Second Mortgage Loan服务于在Statewide，Colorado购房的购房者。 该项目针对特定区域：IRS-designated targeted areas in Colorado allow waiver of first-time-homebuyer requirement (where applicable) and offer higher income/purchase-price limits under the bond program。

CHFA Down Payment Assistance Second Mortgage Loan的申请通过管理该项目的机构办理，该机构在其网站上公布现行条款和申请步骤。 资金通过Lender reservation through CHFA's HomeConnection loan reservation system预留。 Hey Prescott不是贷款机构，也不受理申请；本页介绍该项目，方便购房者向贷款机构或住房咨询师咨询。