CHFA Time To Own - Forgivable Down Payment Assistance Program (TTO)

CHFA Time To Own - Forgivable Down Payment Assistance Program (TTO)是面向Statewide，Connecticut购房者的可免除贷款。 Time To Own (TTO) is a forgivable second-mortgage down payment assistance program funded by the State of Connecticut and administered by CHFA on behalf of the Department of Housing. Eligible first-time homebuyers receive a 0% interest, non-amortizing loan of $3,000 to $25,000 with no monthly payment. Ten percent (10%) of the original principal is forgiven on each anniversary of loan closing, with the loan fully forgiven on the 10th anniversary. If the home is sold, refinanced (without subordination), or no longer the borrower's primary residence before year 10, any unforgiven balance must be repaid. Must be paired with a CHFA first mortgage and may be combined with the CHFA DAP loan. 0% interest, no monthly payment. 10% of the original principal is forgiven each year on the loan-closing anniversary. the loan is fully forgiven on the 10th anniversary. Loan amounts range from $3,000 up to $25,000. Funds may be used for down payment, closing costs, and pre-paids. Stackable with the CHFA DAP loan. 资金来自State、Bond和State General Fund。

CHFA Time To Own - Forgivable Down Payment Assistance Program (TTO)在10年后免除，因此住满这段时间的购房者无需偿还。 触发还款的情形：Sale, transfer, refinance (without approved subordination), or property no longer used as borrower's primary residence prior to the 10-year forgiveness period和only the unforgiven balance is due。 该援助以2nd Lien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 Time To Own - Forgivable Down Payment Assistance Program (TTO)面向首次购房者和将房屋作为主要住所自住的购房者。 此处的“首次”有例外情况：Federally designated targeted areas and qualified veterans may be exempt from the 3-year first-time-homebuyer requirement (per CHFA first-mortgage rules)。 关于信用，该项目说明：660 minimum FICO (per CHFA first-mortgage overlays)。 须参加购房者教育课程，由CHFA-approved Homebuyer Education / Pre-Purchase Counseling providers (HUD-approved housing counseling agencies)提供。 居住要求：Property must be located in Connecticut and used as the borrower's primary residence。 公民身份或移民身份：U.S. citizen or qualified non-citizen (per CHFA first-mortgage requirements)。 Must qualify for and obtain a CHFA first mortgage from a CHFA-Participating Lender. Pre-purchase homebuyer education required. Borrower household income must be at or below program AMI thresholds (which differ from CHFA bond income limits). Borrowers at or below 80% AMI may receive up to $25,000; borrowers above 80% AMI but within program limits receive up to $25,000 with reduced match levels. Property must be in Connecticut and primary residence.

CHFA Time To Own - Forgivable Down Payment Assistance Program (TTO)将家庭收入限制在$110,000。 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 Time To Own - Forgivable Down Payment Assistance Program (TTO)将房价上限设为$750,000。 符合条件的房屋类型包括1-4 unit owner-occupied, condominium, planned unit development (PUD), manufactured/mobile home (per CHFA program)。 新建房屋符合条件。 预制房屋符合条件。

CHFA Time To Own - Forgivable Down Payment Assistance Program (TTO)服务于在Statewide，Connecticut购房的购房者。 该项目针对特定区域：Federally designated targeted areas in Connecticut (per IRC Section 143) receive higher CHFA bond sales price and income limits and waive the first-time-homebuyer requirement. TTO assistance levels are based on HUD AMI Planning Regions, not target-area status.

CHFA Time To Own - Forgivable Down Payment Assistance Program (TTO)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Reserved by CHFA-Participating Lender via CHFA's TTO Worksheet/lender portal at the time of first-mortgage reservation; subject to fund availability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。