Legacy Home Renovation Loan Program

Legacy Home Renovation Loan Program是面向New Orleans，Louisiana购房者的可免除贷款，由Finance New Orleans (Finance Authority of New Orleans)管理。 Finance New Orleans and Eustis Mortgage offer the Legacy Home Renovation Loan Program, combining a home purchase (or refinance) with renovation costs into a single fixed-rate Freddie Mac HFA Home Possible loan. Eligible borrowers receive a second mortgage of up to 5% for down payment and/or closing-cost assistance at 0% interest, fully forgiven after 5 years. Targets Orleans Parish properties needing renovation. Up to 5% DPA/closing-cost assistance. 0% interest, forgiven after 5 years. All-in-one purchase + renovation loan. Up to 95% financing. Lower rate/MI at or below 80% AMI. 资金来自Finance New Orleans (issuer); first mortgage is a Freddie Mac HFA Home Possible loan via Eustis Mortgage。

Legacy Home Renovation Loan Program在5年后免除，因此住满这段时间的购房者无需偿还。 触发还款的情形：DPA second mortgage fully forgiven after 5 years (0% interest); borrower must maintain home as primary residence. 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。

Legacy Home Renovation Loan Program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：Minimum 620 FICO。 须参加购房者教育课程，由HUD-approved homebuyer education course提供。

Legacy Home Renovation Loan Program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。 Max qualifying income 140% AMI; borrowers at/below 80% AMI receive lower rate and MI. AMI via Freddie Mac Home Possible tool. 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。

Legacy Home Renovation Loan Program可用于Single Family、2-4 Unit、Townhouse和Condo。 新建房屋不符合条件。 预制房屋不符合条件。

Legacy Home Renovation Loan Program服务于在New Orleans，Louisiana购房的购房者。

Legacy Home Renovation Loan Program的申请通过Finance New Orleans (Finance Authority of New Orleans)办理，该机构在其网站上公布现行条款和申请步骤。 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。