The apartment cannot be purchased for the purpose of airbnb, subletting, vacation home, etc.
If you previously owned property, the property must be sold prior to application. Income and asset limits still apply.
See AMI chart for details. below.
The available units are 1 and 2 bedroom apartments. A 1-person household is only eligible for a 1 bedroom unit.
You have 10% of the purchase price available ($44,036.10 - $50,878.60) for a down payment and an additional $20,000-23,000 for closing costs. (Half of the required 10% down payment may be a gift.)
* The mortgage interest rate quoted is based upon specific assumptions and conditions and is subject to property type, buyer profile and rate lock period. Other restrictions apply.
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