Down-Payment Assistance Program

Down-Payment Assistance Program是面向Canton，Georgia购房者的可免除贷款。 The City of Canton Down-Payment Assistance Program provides up to $12,500 in DPA to qualified first-time homebuyers purchasing a primary residence within the city limits of Canton, Georgia. The program is delivered as a 5-year deferred, 0% interest, forgivable soft second mortgage and may be applied toward up to 50% of the lender-required down payment and up to 100% of allowable closing costs. The Canton City Council approved an amendment on November 16, 2023 raising the maximum award from $10,000 to $12,500. Income tiers track HUD AMI for the Atlanta-Sandy Springs-Roswell MSA, allowing the program to serve 30%/50%/80% AMI households. Funded with CDBG and City of Canton appropriations. Up to $12,500 (raised from $10,000 by City Council in November 2023) in down payment and closing-cost assistance for first-time homebuyers purchasing within Canton city limits. Covers up to 50% of the lender-required down payment and up to 100% of allowable closing costs. Structured as a 0% interest, 5-year deferred forgivable soft second mortgage — fully forgiven if borrower remains owner-occupant for the 5-year affordability period. 资金来自CDBG / City of Canton General Fund。

Down-Payment Assistance Program在5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 (cash-out), or loss of owner-occupancy before the 5-year affordability period ends。 该援助以Subordinate (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。

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：Eligible if applicant has not owned a home in the past 3 years。 关于信用，该项目说明：Determined by first-mortgage lender。 须参加购房者教育课程，由HUD-approved homebuyer education provider (8-hour course)提供。 居住要求：Property must be within the city limits of Canton, GA and occupied as primary residence。 公民身份或移民身份：U.S. citizen or qualified alien。 First-time homebuyer required (no ownership in past 3 years). Total annual household income cannot exceed 80% of HUD AMI for the Atlanta-Sandy Springs-Roswell MSA based on family size. Property must be located within the Canton, GA city limits and used as primary residence. Buyer must complete HUD-approved homebuyer education. 5-year owner-occupancy requirement. Funded with CDBG and/or City general funds; subject to annual appropriation.

Down-Payment Assistance Program将家庭收入限制在地区收入中位数的80%，该数值因县和家庭人数而异。 Household income at or below 80% of HUD AMI for Atlanta-Sandy Springs-Roswell MSA. By household size approximately: 1p $60,200; 4p $85,950; 8p $113,550. Lower 30%/50% AMI tiers also exist for smaller households (e.g., 1p extremely-low-income tier ~$21,500). For a family of four in Canton the 80% AMI income limit is approximately $86,000 (per City Council reporting; verify current limits). 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。

Down-Payment Assistance Program将房价上限设为$1.4M。 符合条件的房屋类型包括Single-Family、Townhome和Condo。 新建房屋符合条件。 预制房屋不符合条件。

Down-Payment Assistance Program服务于在Canton，Georgia购房的购房者。 该项目针对特定区域：Properties must be inside the City of Canton city limits (Cherokee County)。

Down-Payment Assistance Program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Application submitted directly to the City of Canton; funds reserved once buyer is under contract on an eligible Canton property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。