Fahe My Place Mortgage

Fahe My Place Mortgage是面向Berea，Kentucky购房者的第二抵押贷款，由Federation of Appalachian Housing Enterprises, Inc. (Fahe) - a CDFI管理。 My Place Mortgage is Fahe's down payment and closing-cost assistance program delivered as a 30-year interest-only second mortgage equal to up to 4% of the lesser of purchase price or appraised value, with no dollar cap. The second mortgage rate matches the first mortgage rate, proceeds can cover up to 100% of cash to close, and it pairs with HomeReady, Home Possible, or conventional first mortgages. Fahe is a Kentucky-based CDFI and the program is offered through participating correspondent lenders to borrowers at or below 140% AMI. Up to 4% of purchase price with no dollar cap. Covers up to 100% of cash to close. No minimum borrower contribution. Interest-only payments keep costs low. Pairs with conventional, HomeReady, and Home Possible. Generous 140% AMI income limit. 资金来自Fahe (CDFI) - loans funded by lender then purchased by Fahe。

Fahe My Place Mortgage按项目规定，提供相当于房价4%的援助。 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Federation of Appalachian Housing Enterprises, Inc. (Fahe) - a CDFI决定。

Fahe My Place Mortgage是第二抵押贷款，按Federation of Appalachian Housing Enterprises, Inc. (Fahe) - a CDFI设定的条款偿还。 触发还款的情形：Interest-only second mortgage; principal due upon sale, refinance, transfer, maturity, or early payoff of the first mortgage. Not forgivable. 该援助以Second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。

Fahe My Place 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：660 minimum FICO score. 须参加购房者教育课程，由Approved homebuyer education required (Framework; DU/FNMA HomeView or LPA/FHLMC CreditSmart).提供。 GAP: dpa_interest_rate equals the first mortgage rate (variable). GAP: new construction eligibility and county-specific eligible-area matrix not captured (see State Matrix on fahe.org/myplacemortgage). Program guide reviewed is June 2024 edition; confirm current term sheet. Eligible products: Fannie Mae HomeReady, Freddie Mac Home Possible, conventional.

Fahe My Place Mortgage将家庭收入限制在地区收入中位数的140%，该数值因县和家庭人数而异。 Household income at or below 140% of AMI per Fannie Mae's income lookup tool (80% AMI cap if using HomeReady/Home Possible with no first-time-buyer requirement). 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。

Fahe My Place Mortgage的房价上限如下：No fixed maximum; second mortgage is up to 4% of the lesser of purchase price or appraised value with no dollar cap. 符合条件的房屋类型包括Single Family、Condo、PUD和Townhouse。 预制房屋不符合条件。

Fahe My Place Mortgage服务于在Berea，Kentucky购房的购房者。 该项目优先考虑指定的目标区域，因此除了县以外，具体地址也很重要。

Fahe My Place Mortgage的申请通过Federation of Appalachian Housing Enterprises, Inc. (Fahe) - a CDFI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Originated through participating correspondent lenders; loan registered with MERS and purchased by Fahe.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。