Down Payment Assistance

Down Payment Assistance是面向Statewide，Tennessee购房者的延期第二贷款。 Statewide CDFI DPA from The Housing Fund (Nashville-HQ). Up to $25,000 (typically) / $35,000 (some markets) deferred 0%-interest second-mortgage loan, balloon at sale/refi/payoff. Two FICO tiers (600/620), two income tiers (50%-80% AMI and 80%-150% AMI). Open to first-time AND repeat buyers. $1,000 minimum buyer contribution. The Housing Fund Down Payment Assistance is a 0% interest, deferred SECOND-MORTGAGE LOAN provided by The Housing Fund, a Nashville-headquartered statewide CDFI (Community Development Financial Institution). Eligible TN homebuyers receive up to $25,000 statewide (up to $35,000 in some markets) toward down payment, closing costs, and minimum borrower contribution. The loan carries 0% interest with NO monthly payments. the full principal balance is deferred and due as a balloon at the earliest of (a) sale, (b) refinance, (c) payoff of first mortgage, (d) cessation of owner-occupancy, or (e) typically 5-year balloon (varies by tier and product). This is a NON-FORGIVABLE deferred loan - balance is recovered at maturity or trigger event. The Housing Fund offers two FICO tiers reflecting different funding pools: 600 minimum (HOME-funded / restricted-use pool) and 620 minimum (general CDFI pool). Two income tiers: 50%-80% AMI and 80%-150% AMI. 资金来自CDFI、HOME和Private。

Down Payment 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：Full principal balance due at the earliest of: sale, refinance, payoff of first mortgage, cessation of owner-occupancy, or balloon date (typically 5 years和varies by tier). Non-forgivable - balance is recovered at maturity. 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。

Down Payment Assistance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：Two tiers: 600 minimum FICO for HOME-funded / restricted-use pool; 620 minimum FICO for general CDFI pool. Verify which tier applies with The Housing Fund. 须参加购房者教育课程，由HUD-approved homebuyer education required (Framework, eHome America, or HUD-approved counseling agency). The Housing Fund itself is a HUD-approved housing counseling agency and provides education in-house. Certificate required at closing.提供。 居住要求：Property must be located in Tennessee and used as borrower's primary residence. 公民身份或移民身份：U.S. citizen, permanent resident, or qualifying non-permanent resident alien per first-mortgage and CDFI rules. Borrower must complete HUD-approved homebuyer education (in-house with The Housing Fund or external HUD-approved provider). Two FICO tiers: 600 minimum FICO for HOME-funded / restricted-use pool (lower-income tier); 620 minimum FICO for general CDFI pool. Maximum 45% DTI. Owner-occupied primary residence in Tennessee. Income within The Housing Fund's 50%-150% AMI scaling table (range $38,450 (50% AMI smaller HH) to $169,350 (150% AMI large HH in higher-cost county); statewide ceiling). Minimum $1,000 borrower contribution. Property must meet first-mortgage product appraisal/inspection standards. First-time homebuyer NOT required (open to repeat buyers).

Down Payment Assistance将家庭收入限制在地区收入中位数的150%，该数值因县和家庭人数而异。 The Housing Fund's published 50%-150% AMI scaling table for Tennessee MSAs/counties. Range approximately $38,450 (50% AMI smaller HH) to $169,350 (150% AMI larger HH in higher-cost counties). Specific limits vary by county and household size; verify with The Housing Fund. 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。

Down Payment Assistance的房价上限如下：Per first-mortgage product loan limits and The Housing Fund underwriting; no separate Housing Fund cap published. 符合条件的房屋类型包括Single-family detached, condominium, townhouse, PUD, manufactured home on permanent foundation per first-mortgage product. 1-unit owner-occupied. 新建房屋符合条件。 预制房屋符合条件。

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。

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

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 The Housing Fund's online intake at thehousingfund.org or via partner lender referral. Subject to fund availability.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。