Step Down

Step Down是面向Statewide，Indiana购房者的延期第二贷款。 Step Down is IHCDA's lower-cost alternative DPA tier, structured as an interest-only 30-year fixed first mortgage with optional ~3% deferred 0% interest non-forgivable second-mortgage DPA. Designed to reduce initial monthly housing costs. Available to first-time homebuyers (waived in targeted areas). 660 FICO Conventional / 640 FICO FHA. County-specific income and acquisition limits. Cannot be combined with any other IHCDA program. Step Down is an IHCDA mortgage product offering an interest-only 30-year fixed-rate FHA or Conventional first mortgage, which can be paired with a smaller (up to 3%) deferred 0% interest non-forgivable second-mortgage DPA tier. The interest-only first-mortgage structure is designed to lower initial monthly payments — making Step Down a 'lower-cost alternative' to First Step. The DPA second is deferred with no monthly payments until sale, refinance, or payoff. Available to first-time homebuyers and buyers in IHCDA-designated targeted areas. 资金来自State、HFA和Bond。

Step Down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和second-mortgage balance due on sale, refinance, payoff, or transfer of title。 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。

Step Down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 in IHCDA-designated federally targeted areas and for qualifying veterans。 关于信用，该项目说明：660 minimum FICO for Conventional; 640 minimum FICO for FHA。 须参加购房者教育课程，由IHCDA-approved homebuyer education (Framework, eHome America, or HUD-approved counseling); required for 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 (waived in IHCDA-designated federal targeted areas). Minimum 660 FICO for conventional, 640 for FHA. Max 45% DTI. Property must be primary residence. Household income at or below IHCDA published county limits (top tier ~$156,520). Purchase price at or below IHCDA county-specific acquisition limit. CANNOT be combined with First Step, Next Home, or any other IHCDA DPA program.

Step Down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。

Step Down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。 新建房屋符合条件。 预制房屋不符合条件。

Step Down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。

Step Down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 where income/acquisition limits and FTHB rules are relaxed.

Step Down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.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。