First Step

First Step是面向Statewide，Indiana购房者的延期第二贷款。 First Step is IHCDA's flagship down-payment assistance product, providing up to 6% of the purchase price as a 0% interest non-forgivable second mortgage paired with a 30-year fixed IHCDA first mortgage (FHA/VA/USDA-RD/Conventional). Designed for first-time homebuyers (waived in targeted areas). 660 FICO Conventional / 640 FICO Government. County-specific income and acquisition limits. First Step provides up to 6% of the lesser of the purchase price or appraised value as down payment and closing-cost assistance, structured as a 0% interest, non-forgivable second mortgage with NO monthly payments. The principal balance is deferred for the full 30-year first-mortgage term and is due only on sale, refinance, payoff, or transfer of title (or end of the 30-year second-mortgage term, whichever comes first). DPA is paired with an IHCDA 30-year fixed-rate first mortgage (FHA, VA, USDA-RD, or Fannie/Freddie HFA Preferred/Advantage Conventional). First-time homebuyer required (waived in IHCDA-designated targeted areas). 资金来自State、HFA和Bond。

First Step按项目规定，提供相当于房价6%的援助。 该项目要求购房者自付$250 IHCDA reservation/program fee; lender may also require minimum borrower contribution per first-mortgage product。 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。

First Step为延期还款，在房屋出售、再融资或第一抵押贷款还清之前无需付款。 触发还款的情形：Deferred for life of first mortgage和balance due on sale, refinance, payoff, transfer of title, or end of 30-year DPA term。 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。

First Step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 rule waived for purchases in IHCDA-designated federally targeted census tracts and for qualifying veterans。 关于信用，该项目说明：660 minimum FICO for Conventional; 640 minimum FICO for FHA/VA/USDA-RD。 须参加购房者教育课程，由IHCDA-approved homebuyer education through Framework, eHome America, or HUD-approved housing counseling agencies; required for all first-time homebuyers prior to closing.提供。 居住要求：Property must be located in Indiana and used as borrower's primary residence。 公民身份或移民身份：U.S. citizen, permanent resident, or qualifying non-permanent resident alien per first-mortgage product overlays。 First-time homebuyer required (no homeownership interest in past 3 years), waived in IHCDA-designated federal targeted areas. Minimum 660 FICO for conventional, 640 for FHA/VA/USDA-RD. Maximum 45% DTI (50% with FHA total scorecard accept). Property must be primary residence. Household income at or below IHCDA county-by-county published limits (top tier ~$156,520). Purchase price at or below IHCDA county-specific acquisition limit (~$486,630-$594,770). $250 reservation fee. Standard IHCDA underwriting overlays apply. First-time-homebuyer education required.

First Step将家庭收入限制在$156,520。 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。

First Step将房价上限设为$594,770。 符合条件的房屋类型包括Single-family detached, condominium, townhouse, PUD, 2-unit (per first-mortgage overlays)。 新建房屋符合条件。 预制房屋不符合条件。

First Step在其服务群体中提到了退伍军人、现役军人、预备役人员和国民警卫队成员和遗属配偶。 在此列出仅表示项目提到了该群体，并不表示仅凭群体身份即可使申请人符合条件——其余资格规则仍然适用。

First Step服务于在Statewide，Indiana购房的购房者。 该项目针对特定区域：IHCDA designates federally qualified target areas (typically lower-income census tracts) where the first-time-homebuyer requirement is waived and income/acquisition limits are higher.

First Step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IHCDA-approved lender reserves funds via IHCDA Online Lender Portal (OLP) at time of loan reservation; subject to bond/program funding availability and $250 reservation fee.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。