You must meet ALL four of the following criteria to be eligible to purchase an RNLA home:
1. You may not have an ownership interest in any real property at the time a purchase offer is made on an RNLA home.
2. You may not have any outstanding mortgage obligations at the time a purchase offer is made on an RNLA home.
3. You must have household income at or below the maximum income posted below, based on household size. Household income includes income from all household members who are 18 years of age or older.
2013 Maximum Income Limits (as of December 1, 2012)
|
Household Size: |
1 Person |
2 Person |
3 Person |
4 Person |
5 Person |
6 Person |
7 Person |
8 Person |
|
Maximum Income: |
$69,550 |
$79,500 |
$89,400 |
$99,350 |
$107,300 |
$115,250 |
$123,200 |
$131,150 |
4. You must have a middle FICO credit score of at least 620. This applies to each individual buyer in the case where more than one person is buying the property.