CDBG Target Area Down-payment Assistance

CDBG Target Area Down-payment Assistance是面向Florence，South Carolina购房者的可免除贷款。 City of Florence Community Services CDBG-funded down-payment and closing-cost assistance for low- to moderate-income first-time homebuyers purchasing existing homes within the CDBG-designated target areas (North, Northwest, and East Florence). Assistance equals 20% of purchase price up to $20,000, structured as a 10-year deferred, forgivable second mortgage that requires the borrower to maintain the home as their primary residence for 10 years. Pro-rated repayment is owed if the home is sold or no longer owner-occupied within the 10-year affordability period. The City of Florence will provide 20% of the home purchase price (up to $20,000 maximum) toward down-payment and closing-cost assistance for eligible buyers purchasing within the CDBG-designated target areas of North, Northwest, and East Florence. Assistance is structured as a 10-year deferred, forgivable second mortgage on the property. No monthly payments. Fully forgiven at the 10-year anniversary if owner-occupancy is maintained. CDBG-funded. 资金来自Community Development Block Grant (CDBG); HUD Federal entitlement allocation to City of Florence。

CDBG Target Area Down-payment Assistance按项目规定，提供相当于房价20%的援助。 购房者自付部分：Buyer must provide at least $500 of their own funds toward the home purchase. 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。

CDBG Target Area Down-payment Assistance在10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 of home, transfer of title, or failure to maintain the property as primary residence within the 10-year term triggers pro-rated repayment of the unforgiven balance to the City. After 10 years the lien is released. 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。

CDBG Target Area Down-payment 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。 关于信用，该项目说明：No published minimum FICO; lender underwriting standards apply. 须参加购房者教育课程，由Buyer must complete a homebuyer education class. Greater Florence Habitat for Humanity also offers homebuyer education.提供。 居住要求：Property must be located in the CDBG target areas of North, Northwest, or East Florence. Funds available on a first-come, first-served basis. $25 nonrefundable application fee. Buyer must complete homebuyer education class. Buyer must meet income eligibility (all income sources counted). Home must pass inspection by City and/or state prior to closing. Buyer must be approved by a bank or mortgage lender. Property must be located in the CDBG target areas of North, Northwest, or East Florence. Buyer must contribute at least $500 of own funds toward the home purchase. The City reserves the right to amend, alter, or change the program.

CDBG Target Area Down-payment 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。 Household income must be within the City of Florence eligible range, approximately 80% AMI for Florence, SC: 1p $39,350; 2p $44,950; 3p $50,550; 4p $56,150; 5p $60,650; 6p $65,150; 7p $69,650; 8p $74,200. All income sources are identified and counted. 该限制适用于家庭总收入，而不仅是借款人的收入。 该项目列出的最大家庭人数为8。 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。

CDBG Target Area Down-payment Assistance的房价上限如下：Not separately published; assistance is capped at 20% of purchase price up to $20,000. 符合条件的房屋类型包括Single-family residential dwelling intended for owner-occupancy in target area. 新建房屋不符合条件。 预制房屋不符合条件。

CDBG Target Area Down-payment Assistance服务于在Florence，South Carolina购房的购房者。 该项目针对特定区域：CDBG-designated target areas of North Florence, Northwest Florence, and East Florence within the City of Florence corporate limits.

CDBG Target Area Down-payment 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Applications submitted to City of Florence Community Services on a first-come, first-served basis; $25 nonrefundable application fee.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。