Down Payment Assistance definition

Down Payment Assistance or "assistance" means financial

Down Payment Assistance means a non‐repayable grant in an amount equal to a percentage of the original principal amount of each Mortgage Loan, as specified by TSAHC from time to time, to assist in the payment of an Eligible Borrower’s down payment and closing costs related to such Mortgage Loan or reduction in principal of such Mortgage Loan.

Down Payment Assistance means the Transition Benefit offered as part of the Unit Purchase Assistance Option, described in Section VII.A (Down Payment Assistance).

Examples of Down Payment Assistance in a sentence

• A First Time Homebuyer Down Payment Assistance Program 2) An Acquisition/Rehabilitation/Resale of Single-Family Units Program, addressing the most severe vacant homes 3) An Acquisition/Rehabilitation/Rental of Multi-Family Units Program to meet the needs of households at or below 50% AMI.

• Additionally, a number of AHFA programs (Down Payment Assistance, Habitat for Humanity Partnership) provide financial assistance to HOME-eligible Alabama households and a portion of this funding may count as match.

• Note that associated Down Payment Assistance programs may not allow financing on newly constructed properties.

• For Government Insured Loans and Down Payment Assistance Loans: Participating Lenders must deliver the properly endorsed original note to NJHMFA.

• The Township Council hereby authorizes the Township Manager and/or the Township Chief Finance Officer to allow for the disbursement of funds as set forth in this resolution and the Down Payment Assistance Loan Program Agreement.

More Definitions of Down Payment Assistance

Down Payment Assistance means financial assistance provided under the Project to low- to moderate-income households to assist the households in purchasing residential properties in locations outside of floodplains or Disaster Risk Reduction Areas.

Down Payment Assistance means a loan made to a Mortgagor for down payment assistance in connection with the making of a Mortgage Loan, the payment of which is deferred until the related Mortgage Loan is satisfied.

Down Payment Assistance means grants or loans used to reduce the first mortgage amount to the borrower. “Federal instrumentality” means the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC),

Down Payment Assistance means monetary assistance for down payment closing costs, and pre-paid expenses directly related to the purchase of a home.

Down Payment Assistance means additional financial assistance provided through Agency for down payment, closing costs and pre-paid expenses directly related to the purchase of a home through the Agency’s Homebuyer Program. Assistance can be in the form of a Grant or a Second Mortgage Loan, in accordance with the Term Sheet as applicable.

Down Payment Assistance means grants or loans used to reduce the first mortgage amount to the borrower. “Eligible furnishings” are furnishings and appliances which may be funded by the AHP. These include

Down Payment Assistance or "assistance" means financial assistance for first-time homebuyers to acquire single-family housing for principal residence through the loan program.