Home Power Mortgage

Home Power Mortgage是面向Multi-County县，Indiana购房者的补助金。 Edge Fund's HomePower — below-market-rate amortizing 2nd mortgage covering ~20% of sales price, paired with a partner bank's first mortgage. CDFI product designed to expand purchase power for LMI buyers. 600 FICO, 43% DTI cap. Currently serving Marion County (Indianapolis), South Bend region (St. Joseph/Elkhart Counties), Marshall County, and select expanding markets. HomePower is a below-market-rate amortizing 2nd mortgage from Edge Fund (a CDFI affiliated with Intend Indiana) covering at least 20% of the home's sales price. Designed to increase the borrower's purchase power so low-to-moderate income households can afford market-rate housing. Reduced rate vs. conventional 2nd mortgages. Pairs with a primary first mortgage from a partner bank. 资金来自CDFI、Federal、Philanthropic和IntendIndiana。

Home Power Mortgage按项目规定，提供相当于房价20%的援助。 购房者自付部分：Per first-mortgage product overlays。 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。

Home Power Mortgage属于补助金，因此无需偿还。 触发还款的情形：Amortizing — monthly P&I payments over loan term和balloon at maturity if applicable。 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。

Home Power Mortgage面向将房屋作为主要住所自住的购房者。 关于信用，该项目说明：600 minimum FICO。 须参加购房者教育课程，由Edge Fund-approved Homebuyer Education course required at no cost to the buyer.提供。 居住要求：Property must be located in an Edge Fund-approved Indiana market and used as primary residence。 公民身份或移民身份：Per first-mortgage product overlays。 600 minimum FICO. Maximum 43% Total Debt-to-Income (DTI). Owner-occupied single-family housing only. Income-qualified — currently approximately $49,300-$116,900 across household sizes (low-to-moderate income; ~120% AMI). All borrowers must complete a Homebuyer Education course at no cost. Coverage limited to Edge Fund's approved Indiana markets (currently Marion County / Indianapolis, South Bend / St. Joseph and Elkhart Counties, Marshall County, with expansion ongoing).

Home Power Mortgage将家庭收入限制在地区收入中位数的120%，该数值因县和家庭人数而异。 Income-qualified low-to-moderate income (LMI) — approximately $49,300-$116,900 across household sizes per Edge Fund's published income certification. 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。

Home Power Mortgage的房价上限如下：Per first-mortgage product underwriting; Edge Fund does not publish a fixed cap。 符合条件的房屋类型包括Single-family detached owner-occupied。 新建房屋符合条件。 预制房屋不符合条件。

Home Power Mortgage服务于在Multi-County县，Indiana购房的购房者。 该项目针对特定区域：Edge Fund publishes county-specific product variants (Marion County Products, South Bend Products) reflecting community-investment focus areas.

Home Power Mortgage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Direct application through Edge Fund / partner bank lender; subject to CDFI capital availability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。