Downpayment and Closing Cost Assistance

Downpayment and Closing Cost Assistance是面向Virginia，Minnesota购房者的延期第二贷款。 AEOA's 7-county NE MN regional DPA. Up to $15,000 0% deferred second. 80% AMI ($53,350-$96,250). 640 FICO. FTHB required. Excludes Duluth (1 Roof territory). Arrowhead Economic Opportunity Agency (AEOA) administers a deferred 0% second-mortgage DPA of up to $15,000 (subject to HOME/CDBG funding-cycle availability) for low-to-moderate-income first-time homebuyers purchasing a primary residence within the 7-county Arrowhead region of Northeast Minnesota: Aitkin, Carlton, Cook, Itasca, Koochiching, Lake, and St. Louis counties (excluding the city of Duluth, which is served by 1 Roof Community Housing). Funded through Minnesota Housing's Impact Fund, federal HOME, CDBG, and local foundation grants, the assistance is structured as a deferred 0% interest second mortgage with no monthly payments, due in full upon sale, refinance with cash-out, transfer of title, or non-owner-occupancy. Buyers must complete AEOA's homebuyer education and counseling, contribute at least $500 of their own funds, and meet 80% AMI income limits. 资金来自CDBG、HOME、State和Local Government。

Downpayment and Closing Cost Assistance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% interest deferred second mortgage. Balance due on sale, refinance with cash-out, transfer of title, or non-owner-occupancy. 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。

Downpayment and Closing Cost Assistance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：FTHB requirement may be waived in federally targeted areas. 关于信用，该项目说明：640 minimum FICO per first-mortgage product overlay. 须参加购房者教育课程，由Arrowhead Economic Opportunity Agency - HUD-approved housing counseling agency. Pre-purchase 8-hour homebuyer education (Framework or in-person at AEOA Virginia/Hibbing offices) plus one-on-one counseling required.提供。 居住要求：Property must be in the 7-county Arrowhead region (Aitkin, Carlton, Cook, Itasca, Koochiching, Lake, St. Louis) excluding city of Duluth. 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 prior 3 years). Income at or below 80% AMI for the applicable HUD area: $53,350 (1-person) up to $96,250 (4-person/8-person household ceiling). Property must be located within the 7-county Arrowhead service area: Aitkin, Carlton, Cook, Itasca, Koochiching, Lake, or St. Louis County (excluding the city of Duluth, which is covered by 1 Roof Community Housing). Must complete AEOA homebuyer education and one-on-one counseling. $500 minimum borrower contribution from own funds. Property must be primary residence within 60 days of closing.

Downpayment and Closing Cost Assistance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。 80% AMI HUD non-metro NE Minnesota tier: $53,350 (1-person) up to $96,250 (4-person ceiling). Verify by household size at intake. 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。

Downpayment and Closing Cost Assistance的房价上限如下：Per MN Housing Start Up purchase price limits ($379,650-$515,200 by county) when stacked with MN Housing first mortgage. 符合条件的房屋类型包括Single-family detached, condominium (project-approved), townhouse, PUD, manufactured home (real-property-titled), 1-2 unit owner-occupied. 新建房屋符合条件。 预制房屋符合条件。

Downpayment and Closing Cost Assistance服务于在Virginia，Minnesota购房的购房者。

Downpayment and Closing Cost Assistance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 via AEOA Housing Department intake. Pre-purchase counseling required.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。