Conventional 97 Loans

Conventional 97 Loans是面向Georgia购房者的补助金。 The Conventional 97 loan program allows qualified homebuyers to purchase a home with as little as 3% down payment. Offered through Fannie Mae (standard 97% LTV, HomeReady) and Freddie Mac (HomeOne, Home Possible), this program is designed primarily for first-time homebuyers. The 3% down payment may be sourced from personal savings, gifts, or eligible down payment assistance grants. No income limits apply for the standard Fannie Mae 97 LTV; HomeReady and Home Possible require income at or below 80% AMI. Minimum credit score of 620 required. Low down payment of only 3%. Down payment can come from personal savings, gift funds, or eligible DPA grants. No income limits for standard Fannie Mae 97 LTV. Available through HomeReady (income limit: 80% AMI) and HomeOne programs. Cancellable PMI once equity reaches 20%. Competitive interest rates. Available for first-time homebuyers who have not owned a home in past 3 years. Can be paired with eligible state and local DPA programs. 资金来自Federal。

Conventional 97 Loans属于补助金，因此无需偿还。 该援助以1st 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。

Conventional 97 Loans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：3+ years since last ownership。 该项目列出的最低信用分数为620。 须参加购房者教育课程，由Any HUD-approved housing counseling agency. Online courses available at Framework (frameworkhomeownership.org) and eHome America. In-person courses from local HUD-approved counselors also qualify.提供。 公民身份或移民身份：U.S. Citizen or Permanent Resident。 At least one borrower must be a first-time homebuyer (no homeownership in past 3 years) for Standard 97/HomeOne; HomeReady and Home Possible may allow non-FTHB with income limits. Private mortgage insurance (PMI) required. Down payment may come from savings, gifts, or eligible DPA grants.

Conventional 97 Loans的收入限制如下：No income limit for Standard 97/HomeOne; 80% AMI limit for HomeReady (Fannie Mae) and Home Possible (Freddie Mac)。 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。

Conventional 97 Loans的房价上限如下：Must not exceed conforming loan limits: $832,750 (standard); higher in high-cost areas。 符合条件的房屋类型包括Single Family、Condo、Townhouse、2-4 Unit和New Construction。 新建房屋符合条件。

Conventional 97 Loans服务于在Georgia任何地方购房的购房者。

Conventional 97 Loans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。 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。