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.