Heritage Housing Partners (HHP) may only sell homes to qualified first-time homebuyers who meet certain household income restrictions.
While there are many details to consider, the two most important eligibility requirements are:
1. Are You a “First-Time Homebuyer”?
If you have not own residential real estate in the past three (3) years, you may qualify as a first time homebuyer.
2. Does Your Household Meet Applicable Income Restrictions?
Applicable income restrictions are based on government definitions of low-income and moderate-income households. These income ranges vary based on the type of government funding used for a specific housing development. Look at the table below, find your household or family size, and then look at the income ranges.
$33,950 to $54,250
$38,800 to $62,000
$43,650 to $69,750
$48,450 to $77,500
$52,350 to $83,700
$56,250 to $89,900
$54,250 to $81,360
$62,000 to $93,000
$69,750 to $104,640
$77,500 to $116,280
$83,700 to $125,640
$89,900 to $134,880
If your household falls into one of the above income ranges based you your household size, you may be eligible for HHP’s affordable homeownership programs.
These figures are current as of March 2015 and are subject to change without notice. Please read the FAQ for more details about income eligibility.