Low Down Home Loan

Low Down Home Loan是面向Statewide，West Virginia购房者的需偿还的第二贷款。 WVHDF statewide HFA Low Down Home Loan with $5,000 forgivable 0% second (5-year forgiveness). Pairs with Movin' Up bond-funded 30-year fixed first mortgage. Open to first-time AND repeat WV homebuyers. Statewide. WVHDF Low Down Home Loan provides a $5,000 forgivable second mortgage paired with WVHDF's Movin' Up or HOME-MAP 30-year fixed first mortgage (FHA, VA, USDA-RD, or HFA conventional). The $5,000 second is a 0% deferred non-amortizing soft second forgiven over 5 years of continuous owner-occupancy (20% per year). No monthly payment. If the borrower sells, refinances, or vacates the home before the 5-year forgiveness period ends, the unforgiven balance is due in full. Statewide HFA bond program. 640 minimum FICO. 45% max DTI. Income limits up to $57,040 (1-2 person low-cost county) - $102,100 (3+ person targeted/higher-cost). Purchase price up to $300,000 statewide non-targeted / $350,000 in federally targeted census tracts. WVHDF homebuyer education required. 资金来自State和Bond。

Low Down Home Loan提供最高$12,000的援助。 购房者自付部分：No mandatory borrower minimum contribution from WVHDF; first-mortgage agency overlays may impose minimum (e.g., FHA 3.5%, conventional 3% can be fully covered by combined first + Low Down second). 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。

Low Down Home Loan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：0% deferred forgivable second mortgage. Forgiven 20% per year over 5 years of continuous owner-occupancy. Unforgiven balance due in full on sale, refinance, transfer of title, payoff of the first mortgage, or non-owner-occupancy during the 5-year forgiveness period. No monthly payment. 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。

Low Down Home Loan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 across all eligible first-mortgage products (FHA, VA, USDA, conventional). 须参加购房者教育课程，由WVHDF-approved homebuyer education provider network (HUD-approved housing counseling agencies, eHome America, Framework). Required prior to closing.提供。 居住要求：Property must be located in West Virginia and be the borrower's primary residence. Statewide eligibility. 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. Owner-occupied primary residence. 640 minimum FICO. Maximum 45% DTI. Income at or below WVHDF combined limits ($57,040 1-2 person low-cost county to $102,100 3+ person targeted). Purchase price within WVHDF limits ($300,000 statewide / $350,000 targeted). WVHDF homebuyer education required. Must use WVHDF-approved participating lender. First-time homebuyer NOT required (open to repeat homebuyers via Movin' Up first mortgage).

Low Down Home Loan将家庭收入限制在$102,100。 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。

Low Down Home Loan将房价上限设为$350,000。 符合条件的房屋类型包括Single-family detached, 2-unit owner-occupied (1-unit only for some products), condominium (project-approved), townhouse, PUD. Per first-mortgage overlays. 新建房屋符合条件。 预制房屋符合条件。

Low Down Home Loan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。

Low Down Home Loan服务于在Statewide，West Virginia购房的购房者。 该项目针对特定区域：Federally designated targeted census tracts (per IRS Section 143) where higher income limits ($102,100) and acquisition-cost limits ($350,000) apply.

Low Down Home Loan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 WVHDF lender portal at time of rate lock by approved participating lender.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。