Downpayment Assistance Program

Downpayment Assistance Program是面向Augusta，Georgia购房者的可免除贷款。 The Augusta Housing & Community Development Department's Downpayment Assistance Program provides low-to-moderate-income first-time homebuyers in Augusta-Richmond County with a deferred-payment forgivable second-mortgage loan of $1,000-$10,000 for down payment and closing costs. Funded by HUD HOME Investment Partnerships and the American Dream Down-payment Initiative (ADDI). The 5-year forgivable lien is reduced 20% per year and fully forgiven at the 5th anniversary if owner-occupancy and residential use are maintained. Deferred-payment forgivable loan from $1,000 up to $10,000 toward down payment and/or closing costs. The full balance is forgiven on the 5th anniversary of purchase if borrower continues to own and occupy the home and use remains residential. Within the 5-year period, 20% of the assistance amount is forgiven each year (1/5 per year). No monthly payments. 资金来自HUD HOME Investment Partnerships Program and American Dream Down-payment Initiative (ADDI); Federal。

Downpayment 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 of title, conversion to non-residential use, failure to occupy as primary residence, or rental of the property during the 5-year affordability period triggers repayment of the unforgiven balance (full balance year 1, declining 20% each year). After year 5 the lien is released. 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。

Downpayment 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：First-time-homebuyer requirement waived for HUD-defined displaced homemakers and HUD-defined single parents (unmarried or legally separated with custody of one or more minor children, or pregnant). 关于信用，该项目说明：No published minimum FICO; lender underwriting and 'satisfactory credit history' required. 须参加购房者教育课程，由Department-approved homebuyer education program required prior to purchase; post-purchase counseling class also required prior to end of 5-year forgiveness period.提供。 居住要求：Property must be located within Augusta-Richmond County, excluding the City of Blythe. Applicant must be a first-time homebuyer per HUD definition (no homeownership in last 3 years), or a HUD-defined displaced homemaker, or single parent (unmarried/legally separated with custody of one or more minor children, or pregnant). Court-ordered custody documentation required for surrogate family members. Applicant must have satisfactory income and employment, satisfactory credit history, and complete an AHCDD-approved homebuyer education course. Property must serve as sole place of residency (no rental, no commercial use). Annual residency documentation (utility bills) must be submitted during the 5-year affordability period. Post-homeowner counseling class required prior to end of forgiveness period.

Downpayment 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。 Total annual household income cannot exceed 80% of HUD Area Median Income for Augusta-Richmond County (FY2025): 1p $49,500; 2p $56,550; 3p $63,600; 4p $70,650; 5p $76,350; 6p $82,000; 7p $87,650; 8p $93,300. Household income includes wages, salaries, government and non-government benefits, court-ordered child support, alimony, and stock dividends of all household members listed on application (including employed children). 该限制适用于家庭总收入，而不仅是借款人的收入。 该项目列出的最大家庭人数为8。 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。

Downpayment Assistance Program将房价上限设为$253,000。 符合条件的房屋类型包括One-unit single-family dwelling (attached or detached) designed for residential use, intended for owner-occupancy. 新建房屋符合条件。 预制房屋不符合条件。

Downpayment Assistance Program服务于在Augusta，Georgia购房的购房者。

Downpayment 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Lender submits sales contract and applicant documentation to AHCDD after first mortgage application. AHCDD reviews and inspects the property; if approved, voluntary sales certification is sent to the seller and closing is scheduled with the closing attorney.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。