Down Payment Assistance Program

Down Payment Assistance Program是面向North Andover，Massachusetts购房者的延期第二贷款。 The North Andover Affordable Housing Trust Down Payment Assistance Program provides up to $30,000 in interest-free, deferred-payment down-payment assistance to income-qualified first-time buyers purchasing a single-family home or condominium in North Andover. Funded with Affordable Housing Trust funds and Community Preservation Act allocations, the program is administered by Bread & Roses Housing in partnership with Centro de Apoyo Familiar (CAF). Applicants must be at or below 100% AMI; the loan is forgiven upon completion of the 10-year affordability term. Repayment is triggered upon sale, transfer, refinance without Trust approval, loss of owner-occupancy, or other term violation within the 10-year period. Up to $30,000 in deferred-payment, interest-free down-payment assistance for income-qualified first-time buyers purchasing a single-family home or condominium in North Andover for use as principal residence. The deferred loan is forgiven upon completion of the 10-year affordability term. 资金来自CPA、Local Government和AHT。

Down Payment Assistance Program在10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：Forgiven at the end of the 10-year affordability term. Due in full upon sale, transfer, refinance without Trust approval, loss of owner-occupancy, or other term violation during the 10-year period. 该援助以2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。

Down Payment Assistance Program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 buyer required (no ownership in past 3 years). 关于信用，该项目说明：Not formally published; lender minimums apply (typically 620+ for conforming/FHA)。 须参加购房者教育课程，由Bread & Roses Housing、Centro de Apoyo Familiar (CAF)和other HUD-approved/CHAPA-certified counseling agencies提供。 居住要求：Property must be located in the Town of North Andover and used as the borrower's primary residence for the 10-year affordability period. 公民身份或移民身份：U.S. citizen or eligible non-citizen per first-mortgage product。 First-time buyer required (no ownership in past 3 years). Income limit 100% HUD AMI for Boston-Cambridge-Newton HMFA. Property must be located in North Andover; single-family home or condominium; used as principal residence. Deferred-payment loan is interest-free; no repayment unless the property is sold or transferred, refinanced without Trust approval, no longer used as primary residence, or the borrower otherwise violates terms within the 10-year affordability period. Loan is forgiven at the end of the 10-year term. Applications submitted to Bread & Roses Housing on a first-come, first-served basis until allocated funds are exhausted (annual allocation set by the Trust).

Down Payment Assistance Program将家庭收入限制在地区收入中位数的100%，该数值因县和家庭人数而异。 Household income at or below 100% HUD AMI for Boston-Cambridge-Newton HMFA (FY2025): approx. 1-person $93,800 to 8-person $155,450. 该限制适用于家庭总收入，而不仅是借款人的收入。 该项目列出的最大家庭人数为8。 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。

Down Payment Assistance Program的房价上限如下：Subject to Trust and first-mortgage lender underwriting; affordability tied to 100% AMI debt-to-income. 符合条件的房屋类型包括Single-family detached和Condominium。 新建房屋符合条件。 预制房屋不符合条件。

Down Payment Assistance Program服务于在North Andover，Massachusetts购房的购房者。

Down Payment Assistance Program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First-come, first-served via Bread & Roses Housing intake; awards continue until annual Trust allocation is exhausted.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。