1st Time Advantage 3% Loan

1st Time Advantage 3% Loan是面向Statewide，Maryland购房者的延期第二贷款。 Maryland DHCD MMP 1st Time Advantage product with 3% deferred 0% DPA second mortgage. Bond-funded MRB first mortgage. First-time homebuyer required (waived in targeted areas / for qualifying veterans). 640 FICO. Statewide. Maryland DHCD's 1st Time Advantage 3% Loan provides a 0% deferred second mortgage equal to 3% of the first mortgage amount for down payment and/or closing cost assistance. Pairs with a 30-year fixed-rate MMP first mortgage (FHA, VA, USDA-RD, or HFA conventional) funded via Maryland mortgage revenue bonds (MRB). The 3% DPA second is a non-amortizing soft second - no monthly payment, 0% interest - due in full on sale, refinance, transfer of title, payoff of the first mortgage, or non-owner-occupancy. Income limits up to $131,700 (1-2 person non-targeted) / $229,460 (3+ person targeted/higher-cost county). Purchase price limits $544,233 statewide non-targeted to $1,535,015 in high-cost Montgomery/PG/Calvert/Charles/Frederick counties and federally targeted census tracts. 640 minimum FICO, 45% max DTI. Maryland HomeCredit (MCC) eligible. Homebuyer education required. 资金来自State和Bond。

1st Time Advantage 3% Loan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：0% deferred second mortgage. Full balance due on sale, refinance, transfer of title, payoff of the first mortgage, or non-owner-occupancy. No monthly payment. No forgiveness schedule. 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。

1st Time Advantage 3% Loan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 requirement waived in federally designated targeted census tracts and for qualifying veterans under IRS Section 143(d)(2)(B). 关于信用，该项目说明：640 minimum FICO across all eligible first-mortgage products (FHA, VA, USDA, conventional). 须参加购房者教育课程，由MMP-approved homebuyer education provider network (HUD-approved housing counseling agencies, Framework, eHome America, MGIC). Required prior to closing.提供。 居住要求：Property must be located in Maryland and be the borrower's primary residence. Statewide eligibility. 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 (no ownership of a primary residence in the past 3 years); waived in federally targeted census tracts and for qualifying veterans (federal MRB qualified-veteran exception). Owner-occupied primary residence. 640 minimum FICO. Maximum 45% DTI. Income at or below MMP limits ($131,700 1-2 person non-targeted to $229,460 3+ person targeted/high-cost). Purchase price within MMP limits ($544,233 statewide non-targeted to $1,535,015 high-cost / targeted). Homebuyer education required (in-person or online via MMP-approved provider). Must use an MMP-approved participating lender. Must use MMP master servicer.

1st Time Advantage 3% Loan将家庭收入限制在$229,460。 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。

1st Time Advantage 3% Loan将房价上限设为$1.5M。 符合条件的房屋类型包括Single-family detached, 2-unit owner-occupied (1-unit only for some products per overlays), condominium (project-approved), townhouse, PUD. Per first-mortgage overlays. 新建房屋符合条件。 预制房屋不符合条件。

1st Time Advantage 3% Loan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。

1st Time Advantage 3% Loan服务于在Statewide，Maryland购房的购房者。 该项目针对特定区域：Federally designated targeted census tracts (per IRS Section 143) where MRB FTHB requirement is waived and higher income / acquisition-cost limits apply. Higher-cost counties (Montgomery, Prince George's, Calvert, Charles, Frederick) have their own elevated limits. Verify by county.

1st Time Advantage 3% Loan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Reserved through MMP Lender Online portal at time of rate lock by approved participating lender. Daily rate sheet posted at mmp.maryland.gov/Lenders/Pages/Rates.aspx.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。