Settlement Expense Loan Program (SELP)/Closing Cost Program

Settlement Expense Loan Program (SELP)/Closing Cost Program是面向Baltimore县，Maryland购房者的延期第二贷款。 Baltimore County's flagship closing-cost DPA: up to $10,000 deferred 15-year-forgivable second for first-time buyers in Community Conservation Areas. 0% interest, no monthly payment. 80% AMI, 5%-of-gross-income buyer contribution. Administered through partner counseling agencies. Up to $10,000 deferred forgivable closing-cost loan from Baltimore County Department of Housing & Community Development for first-time homebuyers purchasing in Baltimore County's designated Community Conservation Areas. Structured as a 0% interest deferred loan, FORGIVEN after 15 YEARS of continuous owner-occupancy as principal residence (full $10,000 due if sold/transferred/defaulted before end of 15-year affordability period). 80% area median income cap (adjusted for household size). First-time homebuyer required (no primary residence in past 3 years). Borrower must have liquid cash equal to 5% of GROSS household income to contribute toward purchase. Administered through Baltimore County's affiliated housing counseling agencies (Diversified Housing Development Inc., GO Northwest, etc.). Pairs with Maryland Mortgage Program (MMP) and other FHA/VA/USDA/conventional first mortgages. 资金来自Federal CDBG、Federal HOME和Local Government。

Settlement Expense Loan Program (SELP)/Closing Cost Program在15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：15-year forgiveness if owner-occupied as principal residence throughout the 15-year affordability period. If sale/transfer of title/default before end of 15 years, FULL $10,000 becomes due. 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。

Settlement Expense Loan Program (SELP)/Closing Cost 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：Standard 3-year FTHB lookback; HUD displaced-homemaker / single-parent exceptions. 关于信用，该项目说明：No SELP-published minimum; first-mortgage lender's product minimums apply. 须参加购房者教育课程，由Baltimore County-affiliated HUD-approved housing counseling agencies: Diversified Housing Development, Inc.; GO Northwest Housing Resource Center; St. Ambrose Housing Aid Center; NHS of Baltimore (also serves county clients).提供。 居住要求：Property must be in Baltimore County's designated Community Conservation Areas and serve as primary residence. 公民身份或移民身份：Per first-mortgage product rules. First-time homebuyer (no primary residence ownership in past 3 years; HUD displaced-homemaker / single-parent exceptions). Property must be located in Baltimore County's designated Community Conservation Areas (CCAs - older, established communities targeted for revitalization; map available from Baltimore County DHCD/Planning). 80% area median income cap (HUD limits, by household size). Owner-occupied primary residence. Buyer must contribute cash equal to 5% of gross annual household income. 15-year affordability period (forgivable if owner-occupied throughout). $10,000 maximum loan. Pre-purchase counseling certificate from Baltimore County-affiliated agency required.

Settlement Expense Loan Program (SELP)/Closing Cost 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% area median income (HUD), adjusted for household size. Baltimore County uses Baltimore-Towson HMFA limits. 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。

Settlement Expense Loan Program (SELP)/Closing Cost Program的房价上限如下：No SELP-published purchase-price ceiling; subject to first-mortgage limits and MMP purchase-price limits if MMP-paired. 符合条件的房屋类型包括Single-family detached、Townhome、Rowhouse和Condominium。 新建房屋不符合条件。 预制房屋不符合条件。

Settlement Expense Loan Program (SELP)/Closing Cost Program服务于在Baltimore县，Maryland购房的购房者。 该项目针对特定区域：TARGETED AREAS: Baltimore County's designated Community Conservation Areas (CCAs) - older, established communities targeted for revitalization. Includes Dundalk, Essex/Middle River, Catonsville, Lansdowne, Arbutus, Towson core, Pikesville, Randallstown, Woodlawn (older sections), etc. CCA map available from Baltimore County DHCD/Planning.

Settlement Expense Loan Program (SELP)/Closing Cost 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Application processed through Baltimore County-affiliated housing counseling agency. First-come, first-served subject to fund availability.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。