Down Payment Assistance Loan (DPAL) Program

Down Payment Assistance Loan (DPAL) Program是面向Statewide，Hawaii购房者的需偿还的第二贷款。 The DPAL Program from HHOC Mortgage provides an affordable alternative to private mortgage insurance for first-time homebuyers in Hawaii. It is a 30-year amortizing second mortgage of up to $125,000 paired with a 3%-minimum-down first mortgage originated by HHOC Mortgage. The DPAL second-mortgage rate is set at 4.5% or matches the first mortgage rate, whichever is lower. No PMI required. Open to households up to 130% AMI; minimum mid-FICO 700. Affordable alternative to private mortgage insurance: amortizing 30-year second mortgage of up to $125,000 paired with a 3% minimum down payment first mortgage from HHOC Mortgage. Interest rate is set at 4.5% or matches the first mortgage rate (whichever is lower). No mortgage insurance required. No prepayment penalty. Designed to help low- and moderate-income borrowers (up to 130% AMI) qualify for a home with only 3% down. 资金来自Nonprofit、Foundation和Private。

Down Payment Assistance Loan (DPAL) Program提供最高$125,000的援助。 购房者自付部分：Minimum 3% down payment from borrower。 该项目可与其他援助结合使用，但须遵守各项目的规定。 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管理该项目的机构决定。

Down Payment Assistance Loan (DPAL) Program是需偿还的第二贷款，按管理该项目的机构设定的条款偿还。 触发还款的情形：Monthly amortizing payments over 30 years和due at sale, payoff, refinance, or non-occupancy。 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。

Down Payment Assistance Loan (DPAL) Program面向首次购房者和将房屋作为主要住所自住的购房者。 “首次购房者”通常指过去三年内未拥有房屋，但该项目有自己的定义。 关于信用，该项目说明：Mid-FICO of 700 minimum。 须参加购房者教育课程，由Hawaii HomeOwnership Center (HHOC) - approximately 9 hours of homebuyer education (live or online) plus one coaching session required提供。 居住要求：Property must be located in the State of Hawaii and used as borrower's primary residence; yearly occupancy affidavit required。 公民身份或移民身份：U.S. citizen or U.S. permanent resident (per first-mortgage product overlays)。 First-time homebuyer (no ownership of primary residence in past 3 years). Mid-FICO of at least 700 required. Must complete HHOC homebuyer education (~9 hours) and a coaching session with the Hawaii HomeOwnership Center. HHOC Mortgage must originate a 3%-minimum-down first mortgage. Property must be primary residence; yearly occupancy affidavit required. If borrower puts no more than 5% down, purchase price cannot exceed $500,000.

Down Payment Assistance Loan (DPAL) Program将家庭收入限制在地区收入中位数的130%，该数值因县和家庭人数而异。 Household income up to 130% of HUD Area Median Income (AMI) for the county where the property is located. 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 Loan (DPAL) Program的房价上限如下：If borrower puts no more than 5% down, the home must not exceed program maximum of $500,000。 符合条件的房屋类型包括Single-family detached, condominium, townhouse - principal residence only。 新建房屋符合条件。 预制房屋不符合条件。

Down Payment Assistance Loan (DPAL) Program服务于在Statewide，Hawaii购房的购房者。

Down Payment Assistance Loan (DPAL) 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Funds reserved by HHOC Mortgage Loan Officer once borrower enters into a purchase contract. Funds may be limited; borrowers should communicate with HHOC Mortgage Loan Officer before submitting an offer.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。