City Down Payment Assistance

City Down Payment Assistance是面向Chattanooga，Tennessee购房者的可免除贷款。 City of Chattanooga DPA administered by CNE - HUD HOME-funded forgivable second mortgage up to $25,000 at 0% interest, deferred, forgiven over 10 years. Available for first-time homebuyers purchasing within Chattanooga city limits at or below 80% AMI. City of Chattanooga Down Payment Assistance is a HUD HOME / CDBG-funded forgivable second mortgage administered by Chattanooga Neighborhood Enterprise (CNE) on behalf of the City of Chattanooga. Eligible buyers purchasing within Chattanooga city limits receive up to $25,000 toward down payment and closing costs (the larger of CNE's two DPA tracks). The loan is 0% interest, deferred, and forgivable over a 10-year HUD HOME affordability period (longer term reflecting the larger subsidy amount per 24 CFR 92.254 - 10 years for $15,000-$40,000 assistance). Pre-purchase homebuyer education provided in-house by CNE. 资金来自Federal、HOME和City。

City 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：Forgiven over 10-year affordability period (1/10 per year of owner-occupancy). Unforgiven balance due on sale/refi/transfer/non-occupancy before period end, limited to net proceeds. 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。

City 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。 此处的“首次”有例外情况：Standard HUD HOME exceptions. 关于信用，该项目说明：640 typical minimum FICO. 须参加购房者教育课程，由CNE - HUD-approved housing counseling agency. Pre-purchase homebuyer education provided in-house. Certificate required at closing.提供。 居住要求：Property within City of Chattanooga limits; primary residence; 10-year affordability period. 公民身份或移民身份：Per HUD HOME federal eligibility. First-time homebuyer required. Household income at or below 80% AMI per HUD HOME for Chattanooga MSA. Property must be located within City of Chattanooga limits (not just Hamilton County). HUD-approved homebuyer education required (CNE provides in-house). Property must pass HQS / NSPIRE; pre-1978 housing subject to Lead Safe Housing Rule. 10-year affordability period (1/10 per year forgiven).

City 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 at or below 80% AMI per HUD HOME for Chattanooga MSA; verify household-size table with CNE. 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。

City Down Payment Assistance的房价上限如下：Per HUD HOME 95% area median for Chattanooga MSA. 符合条件的房屋类型包括Single-family detached, condominium, townhouse, PUD, manufactured home on permanent foundation per HOME / first-mortgage rules. 新建房屋符合条件。 预制房屋符合条件。

City Down Payment Assistance在其服务群体中提到了退伍军人、现役军人、预备役人员和国民警卫队成员和遗属配偶。 在此列出仅表示项目提到了该群体，并不表示仅凭群体身份即可使申请人符合条件——其余资格规则仍然适用。

City Down Payment Assistance服务于在Chattanooga，Tennessee购房的购房者。

City 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Apply through CNE intake; subject to annual City of Chattanooga / HUD HOME / CDBG allocation.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。