Esperanza Down Payment Assistance Program

Esperanza Down Payment Assistance Program是面向New Brunswick，New Jersey购房者的可免除贷款。 The Esperanza Down Payment Assistance Program is a place-based DPA grant launched in February 2022 by NJCC's Address Yourself(TM) program in partnership with New Brunswick Tomorrow, the lead organization in the Esperanza Neighborhood Project. The Esperanza Neighborhood Project is a Latino/Hispanic community revitalization initiative in New Brunswick, NJ, and the name 'Esperanza' (Spanish for 'Hope') reflects its focus on Latino-rooted neighborhoods. The program provides up to $30,000 in DPA to income-eligible first-time homebuyers purchasing 1-4 family primary residences within the Esperanza Neighborhood. Structured as a 5-year forgivable grant at 0% interest. First closings under the program occurred in October 2023. Provides up to $30,000 in down payment and closing cost assistance to income-eligible first-time homebuyers purchasing in the Esperanza Neighborhood of New Brunswick, NJ. Sponsored by New Brunswick Tomorrow, the lead organization in the Esperanza Neighborhood Project. Structured as a 5-year forgivable second mortgage at 0% interest with no monthly payment. 资金来自Nonprofit和Foundation。

Esperanza Down Payment Assistance Program在5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：Sale, refinance (without subordination), or property no longer used as primary residence prior to 5-year forgiveness和balance forgiven 20% per year。 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。

Esperanza Down Payment Assistance 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：First-time homebuyer requirement applies (no ownership in prior 3 years)。 关于信用，该项目说明：Per first-mortgage product overlay (typically 620+ FICO)。 须参加购房者教育课程，由NJCC- and HUD-approved housing counseling agencies; pre-purchase counseling certificate (within 1 year) required提供。 居住要求：Property must be located within the Esperanza Neighborhood of New Brunswick (Middlesex County), NJ, and used as the borrower's primary residence。 公民身份或移民身份：U.S. citizen, qualified non-citizen, or ITIN holder eligible。 Property must be located within the Esperanza Neighborhood of New Brunswick, NJ. Owner-occupied 1-4 family primary residence only. Must enroll in the Address Yourself homeownership program and complete HUD-approved pre-purchase counseling. ITIN holders eligible. Esperanza Neighborhood Project is a Latino/Hispanic-focused community revitalization initiative led by New Brunswick Tomorrow; the DPA is open to all income-eligible buyers in the geographic area but the broader program is designed to expand homeownership for Hispanic/Latino families in New Brunswick.

Esperanza Down Payment Assistance Program将家庭收入限制在地区收入中位数的100%，该数值因县和家庭人数而异。 Up to 100% of HUD Area Median Income for Middlesex County (within New York-Jersey City-White Plains, NY-NJ HUD MFI area), adjusted for household size. Cross-county statewide reference range: 1-person $100,100 up to 8-person $188,700. New Brunswick / Middlesex County specific 100% AMI: 1-person ~ $100,100; 4-person ~ $142,300; 8-person ~ $188,700. 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。

Esperanza Down Payment Assistance Program的房价上限如下：No published maximum purchase price; subject to first-mortgage product limits。 符合条件的房屋类型包括1-4 family residential property occupied as primary residence。 新建房屋符合条件。 预制房屋不符合条件。

Esperanza Down Payment Assistance Program服务于在New Brunswick，New Jersey购房的购房者。 该项目针对特定区域：Eligible only for properties in the Esperanza Neighborhood of New Brunswick, NJ - a Latino/Hispanic-rooted community revitalization area led by New Brunswick Tomorrow. Place-based / culturally-targeted program; the geographic boundary is the Esperanza Neighborhood Project footprint.

Esperanza Down Payment Assistance 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Reserved through Address Yourself application process once borrower is enrolled, preapproved, and under contract on a property in the Esperanza Neighborhood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。