Eligibility

Income Eligibility


Loans will be made to households earning at or below the following annual income levels (same as MHFA startup program - subject to change):
Household Size
Household Income Level
1-2 $103,400
3 or more
$118,900

Asset Eligibility


  1. For borrowers younger than age 50-years, household assets shall not be more than $50,000 after closing, excluding retirement accounts (i.e. 401(k), 503(b), IRA, SEP, etc.).
  2. For borrowers aged 50-years and older, house household assets shall not be more than $100,000 after closing, excluding retirement accounts (i.e. 401(k), 503(b), IRA, SEP, etc.).
  3. For all age groups, aggregate retirement accounts shall not be more that $1-million.



Neighborhood Eligibility

Additional Program Information