First Homes CLT Gap Loan (Down Payment & Closing Cost Assistance)

First Homes CLT Gap Loan (Down Payment & Closing Cost Assistance)是面向Rochester，Minnesota购房者的延期第二贷款，由First Homes Properties (an initiative of Rochester Area Foundation)管理。 The First Homes Gap Loan provides 0% interest deferred down payment and closing-cost assistance exclusively to first-time buyers purchasing a home in the First Homes Community Land Trust. Gap loans are up to $10,000 for new construction and up to $5,000 for existing CLT homes, deferred up to 30 years (contiguous with the first mortgage) and due on sale, transfer, refinance, first-mortgage payoff, or loss of owner-occupancy. Borrowers contribute at least $500; a $400 processing fee is paid at closing. 0% interest deferred loan. Up to $10,000 new construction / $5,000 existing. No prepayment penalty. 30-year deferral. Covers down payment and/or closing costs. Stackable with MN Housing DPA. 资金来自First Homes Properties / Rochester Area Foundation (Community Homeownership Impact Fund and charitable funding)。

First Homes CLT Gap Loan (Down Payment & Closing Cost Assistance)提供$1至$10,000的援助。 援助档次：New-construction CLT homes: up to $10,000和Existing CLT homes: up to $5,000. 0% interest, deferred up to 30 years (contiguous with first mortgage term). 购房者自付部分：Minimum $500 from borrower's own funds (earnest money counts). No cash back at closing. 该项目可与Minnesota Housing Start Up / Step Up DPA; other programs approved by First Homes and lender.结合使用。 金额是该项目公布的上限，并非报价——具体每人的援助金额由First Homes Properties (an initiative of Rochester Area Foundation)决定。

First Homes CLT Gap Loan (Down Payment & 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：Due on sale or transfer of title, refinance, payoff of first mortgage, or loss of owner-occupancy. No prepayment penalty. Subordination only permitted for rate/term refinance. 该援助以Second (subordinate to first mortgage)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 Homes CLT Gap Loan (Down Payment & 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。 “首次购房者”通常指过去三年内未拥有房屋，但该项目有自己的定义。 须参加购房者教育课程，由Three Rivers Community Action; Minnesota Homeownership Center (HOME); SEMMCHRA. HomeStretch certificate or equivalent required.提供。 居住要求：Owner-occupied; CLT property in the eligible 7-county area. Exclusively for First Homes CLT property purchases (not open-market). First-time buyer required. Lender submits application with 1003, income docs, title commitment, and homebuyer-education certificate. No cash back at closing. Income limits differ by source year (2025 PDF vs 6/1/2026 website) — verify current limits at application.

First Homes CLT Gap Loan (Down Payment & 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。 At or below 80% AMI per PDF guidelines (6/2/2025): Olmsted & Dodge $100,500; other counties $93,600. Website (6/1/2026) shows $106,800 / $95,100 — use current HUD AMI figures annually. 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。

First Homes CLT Gap Loan (Down Payment & Closing Cost Assistance)的房价上限如下：Must be a First Homes CLT property; no separate maximum purchase price for the gap loan. 符合条件的房屋类型包括Single-Family Detached、Townhome和Condo。 新建房屋符合条件。 预制房屋不符合条件。

First Homes CLT Gap Loan (Down Payment & Closing Cost Assistance)服务于在Rochester，Minnesota购房的购房者。

First Homes CLT Gap Loan (Down Payment & Closing Cost Assistance)的申请通过First Homes Properties (an initiative of Rochester Area Foundation)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Lender submits Gap Loan Application with required documents to First Homes; case-by-case approval based on lender-determined need.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。