Homestead Incentive Loan Program

Homestead Incentive Loan Program是面向St. Cloud，Minnesota购房者的延期第二贷款。 St. Cloud HRA forgivable DPA. Up to $10,000 0% (5-yr/20%/yr). Max PP $300,000. Income $111,800-$128,500. 640 FICO. No FTHB required. The St. Cloud HRA Homestead Incentive Loan Program provides up to $10,000 in deferred forgivable down payment, closing-cost, and minor rehab assistance to homebuyers purchasing a primary residence within the City of St. Cloud, Minnesota. Funded through CDBG, HOME, and St. Cloud HRA local funds, the assistance is structured as a 0% interest deferred forgivable loan, forgiven 20% per year over a 5-year compliance period (full forgiveness at end of year 5) so long as the borrower maintains owner-occupancy. Maximum purchase price $300,000. Income limits $111,800 (1-2 person) to $128,500 (3+ person). No FTHB requirement. 资金来自Local Government、CDBG和HOME。

Homestead Incentive Loan Program提供最高$3,000的援助。 该项目要求购房者自付$1,000 minimum borrower contribution from own funds. 该项目可与其他援助结合使用，但须遵守各项目的规定。 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管理该项目的机构决定。

Homestead Incentive Loan 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：0% interest forgivable loan, forgiven 20% per year over 5-year compliance period. Sale, refinance with cash-out, transfer of title, or non-owner-occupancy during years 1-5 triggers proportional repayment of unforgiven balance. 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。

Homestead Incentive Loan Program面向将房屋作为主要住所自住的购房者。 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Central Minnesota Habitat for Humanity / Three Rivers Community Action (regional HUD-approved counselors) - pre-purchase 8-hour homebuyer education required.提供。 居住要求：Property must be in City of St. Cloud, MN. 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. Property must be located within City of St. Cloud (Stearns, Benton, or Sherburne County portions of the city). Maximum purchase price $300,000. Income up to $111,800 (1-2 person) - $128,500 (3+ person). Must complete HUD-approved homebuyer education. $1,000 minimum borrower contribution. 5-year owner-occupancy compliance period (forgiveness 20%/year). Sale, refinance with cash-out, transfer of title, or non-owner-occupancy during years 1-5 triggers proportional repayment.

Homestead Incentive Loan Program将家庭收入限制在$128,500。 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。

Homestead Incentive Loan Program将房价上限设为$300,000。 符合条件的房屋类型包括Single-family detached, condominium (project-approved), townhouse, PUD, manufactured home (real-property-titled). 新建房屋符合条件。 预制房屋符合条件。

Homestead Incentive Loan Program服务于在St. Cloud，Minnesota购房的购房者。

Homestead Incentive Loan 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 via St. Cloud HRA office.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。