First Time Home Buyer Down Payment Assistance Program

First Time Home Buyer Down Payment Assistance Program是面向Gloucester，Massachusetts购房者的延期第二贷款。 The City of Gloucester First Time Home Buyer Down Payment Assistance Program offers a 0% interest deferred second mortgage of up to $15,000, equal to 50% of the required down payment, to income-qualified first-time buyers purchasing a home within the City of Gloucester. Funded with HUD HOME / CDBG / Community Preservation Act funds via the City's Community Development Department, the program is administered by the Grants Division and pairs with MassHousing, MHP ONE Mortgage, FHA, VA, USDA, and conventional first mortgages. The deferred loan is repaid only when the home is sold, refinanced with cash-out, rented, or no longer the buyer's primary residence. Up to $15,000 in down payment and/or closing cost assistance, equal to 50% of the required down payment, structured as a 0% interest deferred loan. No monthly payments. Loan repaid in full only at sale, transfer, refinance with cash-out, rental, or when home is no longer the borrower's principal residence. 资金来自HOME、CDBG、CPA和Local Government。

First Time Home Buyer Down Payment Assistance Program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：Due in full at sale, transfer of title, refinance with cash-out, rental of property, or when property is no longer the borrower's principal residence. 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。

First Time Home Buyer 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 homeownership in past 3 years); displaced-homemaker and divorced single-parent exceptions per MA standard. 关于信用，该项目说明：660 minimum for conforming/conventional; 680 for FHA per City underwriting guidelines。 须参加购房者教育课程，由CHAPA-certified or HUD-approved homebuyer education required prior to closing; North Shore Community Action Program and other regional CHAPA partners commonly used.提供。 居住要求：Property must be located in the City of Gloucester and used as the borrower's principal residence. 公民身份或移民身份：U.S. citizen or eligible non-citizen per first-mortgage product and HUD HOME rules。 Must be a first-time homebuyer (no ownership in past 3 years). Property must be located in the City of Gloucester and used as principal residence. Award covers up to 50% of required down payment plus closing costs. Minimum 6 weeks from signed P&S agreement is required to process the award. Application is submitted online via the Neighborly portal. Buyer must complete a CHAPA-approved homebuyer education class. Loan is 0% interest, deferred, and repayable on sale, refinance with cash-out, rental, or loss of owner-occupancy. Income limits at 80% of HUD AMI for the Boston-Cambridge-Newton MSA: 1-person ~$82,950 to 8-person ~$156,400. Max FICO 660-680 per Massachusetts municipal underwriting standards (matches MassHousing partner thresholds).

First Time Home Buyer Down Payment Assistance Program将家庭收入限制在地区收入中位数的80%，该数值因县和家庭人数而异。 Household income at or below 80% HUD AMI for the Boston-Cambridge-Newton MA-NH HMFA: 1-person $82,950 to 8-person $156,400 (FY2025 limits, current as of April 2026). 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。

First Time Home Buyer Down Payment Assistance Program的房价上限如下：No fixed dollar cap published; subject to first-mortgage and appraisal underwriting and HUD HOME 95% median-value rule. 符合条件的房屋类型包括Single-family detached、Condominium和2-4 unit owner-occupied。 新建房屋符合条件。 预制房屋不符合条件。

First Time Home Buyer Down Payment Assistance Program服务于在Gloucester，Massachusetts购房的购房者。

First Time Home Buyer 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 Gloucester's Neighborly online portal once buyer has signed P&S; minimum 6-week processing window.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。