Homes by CFE Down Payment Assistance Program

Homes by CFE Down Payment Assistance Program是面向Washington，District of Columbia购房者的增值共享贷款，由City First Homes, Inc. (dba Homes by CFE)管理。 Homes by CFE is a Special Purpose Credit Program from City First Homes (a DC-government-supported 501(c)(3), NMLS #1503997) that provides up to 20% of a home's purchase price (max $100,000) as down payment assistance, plus up to $10,000 in closing cost assistance for borrowers at or below 100% MFI. The borrower makes interest-only monthly payments, and the total assistance is repaid when the home is sold or refinanced. The program is designed to expand homeownership for African American/Black and Hispanic/Latinx households in DC. Up to 20% of purchase price (max $100,000) DPA. Up to $10,000 additional closing cost assistance for borrowers at/below 100% MFI. Interest-only repayment during loan term. Loan reduced if borrower contributes more own funds. Designed to close the financing gap for Black and Hispanic/Latinx DC buyers. 资金来自City First Homes / City First Enterprises (CFE) nonprofit capital; supported by the DC government。

Homes by CFE Down Payment Assistance Program提供最高$100,000的援助。 援助档次：Up to 20% of purchase price (max $100,000) for borrowers at/below 120% MFI; borrowers at/below 100% MFI may also receive up to an additional $10,000 in closing cost assistance. 购房者自付部分：No stated minimum borrower contribution; if borrower contributes more own funds, Homes by CFE reduces the loan amount accordingly. 该项目可与Borrower must obtain a separate first trust mortgage; lender must accept the Homes by CFE DPA loan terms.结合使用。 金额是该项目公布的上限，并非报价——具体每人的援助金额由City First Homes, Inc. (dba Homes by CFE)决定。

Homes by CFE Down Payment Assistance Program是增值共享贷款，按City First Homes, Inc. (dba Homes by CFE)设定的条款偿还。 触发还款的情形：Total assistance (down payment + any closing cost assistance) is repaid when the property is sold or refinanced. Borrower makes monthly interest-only payments for the term of the loan until then. 该援助以Second (subordinate to first trust mortgage)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。

Homes by CFE Down Payment Assistance Program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：FHA first-time homebuyer definition (no principal-residence ownership in past 3 years). Exceptions: single parents/displaced homemakers who only owned with a former spouse; persons who only owned a non-permanently-affixed residence or non-code-compliant property. 关于信用，该项目说明：Not published; borrower must qualify for a first trust mortgage. Special Purpose Credit Program designed for borrowers locked out of homeownership. 须参加购房者教育课程，由Homeownership counseling (certificate required) plus the mandatory Homes by CFE homebuyer orientation.提供。 居住要求：Property must be purchased in the District of Columbia and occupied as primary residence. SPECIAL PURPOSE CREDIT PROGRAM: borrower must identify as African American/Black or Hispanic/Latinx to qualify (race/ethnicity restricted). After closing, borrower may not have more than six months of cash reserves (excludes 401(k)s). Gaps: exact min credit score, max DTI, annual funding cap, eligible mortgage products, and exact 4-person income dollar limit not published.

Homes by CFE Down Payment Assistance Program将家庭收入限制在地区收入中位数的120%，该数值因县和家庭人数而异。 Income must fall below 120% Median Family Income (MFI) for household size, based on DC DHCD Inclusionary Zoning income limits (updated annually). Co-borrower income included. Borrowers at/below 100% MFI qualify for additional $10,000 closing cost assistance. 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。

Homes by CFE Down Payment Assistance Program将房价上限设为$584,400。 符合条件的房屋类型包括Single Family、Condo和Cooperative。

Homes by CFE Down Payment Assistance Program服务于在Washington，District of Columbia购房的购房者。

Homes by CFE Down Payment Assistance Program的申请通过City First Homes, Inc. (dba Homes by CFE)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Apply via online program application; a team member contacts applicant within 48 hours; approval to loan issuance within 3 business days of receiving all documentation.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。