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Lagos
Lagos
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info@haferlogistics.com
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01-4538988, 0815-548-4258, 0906-676-4192
Mon - Fri / 09:00 - 19:00
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info@haferlogistics.com
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01-4538988, 0815-548-4258, 0906-676-4192

News and FAQs

NOTICE: Be encouraged that as of this time, IHCDA Homeownership will suspend the providing of Then Home CONV Fannie choice through our Then Home Program. Starting December 5 th, 2019, the second Residence Program will simply be provided through FHA funding. This doesn’t influence the Then Home Advantage system through Freddie Mac. IHCDA will not reimburse very first time Residence Buyer Course charge unless taken through IHCDA’s Framework listed inside our web site.

When you have concerns; please contact an IHCDA group user for support. Many thanks for taking part in the IHCDA Homeownership products.

Indiana Residence Solution (IHS)

  • First-time homebuyers just, unless buying in a county/area that is targeted
  • FHA, 30-year fixed loan
  • Reduced rate of interest for qualified veterans
  • Minimal credit rating of 660
  • Deposit Assistance (DPA) of 6%, based away from cost by which cannot exceed the appraised value
  • DPA may be used for deposit, shutting costs & pre-paids
  • Acquisition and system income restrictions use
  • 15 affordability period – Proration beginning in year 11 of 20% and every year after, adding an additional 20%, until forgiven at year 15 year
  • 2 nd mortgage & IHCDA note that is promissory no payments/no interest
  • Participating lender can charge 1% origination fee or over to $1,000 in loan provider fees that are customary
  • Recapture Tax relates
  • Reservation fee $100
  • 2019 Indiana Residence https://speedyloan.net/installment-loans-ks Solution (IHS) w HOV Program Guide


<р2>Assisting To Personal (H2O)

  • First-time homebuyers just, unless buying in a Targeted area
  • FHA 30-Year loans that are fixed
  • 100% funding
  • Deposit Assistance (DPA) grant of 3.5per cent, need not be re-paid
  • Program Earnings limitations Apply
  • Minimal credit rating of 660
  • Reservation fee $100
  • 2019 assisting to personal (H2O) Program Guide

<р2>Mortgage Credit Certificate (MCC)

    Very first time homebuyer unless buying in a targeted area (see Program Gu Next Home Advantage

  • Need not be described as a homebuyer that is first-time
  • IHCDA Income Limits apply
  • 30-year fixed price (set by IHCDA)
  • Traditional Funding
  • Minimum credit history of 640
  • DPA 3% of price or appraised value, whichever is less
    • DPA forgiven in a couple of years
  • Reservation fee $100
  • 2019 Then Home Advantage Program Gu ext Home Advantage with Subsidy

    • Need not be considered a first-time homebuyer
    • IHCDA/Freddie Mac Income limitations apply
    • 30-year fixed price (set by IHCDA)
    • Traditional Funding
    • Minimal credit rating of 640
    • DPA 3% of price or appraised value, whichever is less
      • DPA forgiven in a couple of years
      • Additional DPA that is subsidy;
        • $2,500 gotten if qualifying earnings ? 50% of AMI
        • $1,500 gotten if qualifying earnings 50% to ? 80% of AMI
        • Subsidy DPA is really a grant
      • No money back at closing except for what Mortgagor has compensated to the loan
      • Reservation fee $100

      Upcoming Home Advantage with MCC

      • First-time homebuyers just, unless buying in a location that is targeted a qualifying Veteran
      • IHCDA money and Acquisition limitations use
      • 30-year rate that is fixedset by IHCDA)
      • Minimal credit rating of 640
      • Mainstream Financing
      • Federal Tax advantage
      • DPA 3% of purchase price or appraised value, whichever is less
        • DPA forgiven in two years
      • Recapture Tax relates
      • No money back at closing except for what Mortgagor has compensated in to the loan
      • Reservation fee $100

      Then Home Advantage with MCC and Subsidy

      • First-time homebuyers just, unless buying in a location that is targeted a qualifying Veteran
      • IHCDA/Freddie Mac money and Acquisition limitations use
      • 30-year fixed price (set by IHCDA)
      • Minimal credit history of 640
      • Federal Tax advantage
      • DPA 3% of price or appraised value, whichever is less
        • DPA forgiven in 24 months
      • Recapture Tax relates
      • Additional Subsidy DPA;
        • $2,500 received if qualifying earnings ? 50% of AMI
        • $1,500 gotten if qualifying earnings 50% to ? 80% of AMI
        • Subsidy DPA is just a grant
      • No money back at closing except for what Mortgagor has compensated to the loan
      • Reservation fee $100

      Upcoming Home (NH)

      • Need not be a time homebuyer that is first
      • Income limitations apply
      • 30 fixed rate (set by IHCDA year)
      • Minimal credit history of 660 (FHA)
      • FHA funding eligible
      • 2 affordability period year
      • DPA – 3.5percent of price or appraised value, whichever is less for FHA
      • No money back at closing except for what the Mortgagor paid to the loan
      • Reservation fee $100
      • 2019 Upcoming Home Program Guide

      Then House With Mortgage Credit Certificate (NH/MCC)

      • Very first time homebuyer unless purchasing in an area that is targetedsee Program Guide for targeted areas)
      • Money and Acquisition limitations apply
      • 30 year fixed price (set by IHCDA)
      • Minimal credit history of 660 (FHA)
      • Federal Tax advantage
      • FHA funding eligible
      • 2 affordability period year
      • DPA – 3.5percent of price or appraised value, whichever is less for FHA
      • No cash back at closing except for what the Mortgagor paid in to the loan
      • Reservation fee $100

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