Your expert for selling or buying affordable homes
How to qualify to buy an affordable home
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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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