Your expert for affordable housing
Omega Ventures, 55 Loring Street, Westwood, MA  

How to qualify to buy an affordable home


In order to qualify to purchase an affordable home you must be:

1. A first time home buyer, or displaced family or over 55 years of age

2. Be in a range of maximum house hold income that is 80% of Area  Median Iincome. To find the AMI in the town you would like to live log to http://www.huduser.org/portal/datasets/il.html

3. Have no more of $75,000 in liquid assets like saving and checking, 401K, stocks, etc.

4. Be qualified for a 30 years fixed mortgage.

5. Complete a first time home buyer class.

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