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York City/County Eligibility Requirements (ENGLISH).pdf

York-Eligibility-Requirements-effective-7.1.2023.pdf
Preview of York City/County Eligibility Requirements (ENGLISH)
🔗 Source: wearetenfold.org
📊 Size: 171 KB
👤 Author: Alaina Herbst
⬇️ Downloads: 83

Summary

Borrower requirements for the York Homebuyer Assistance Program include: being a first-time buyer who hasn't owned a home in the last 3 years, completing a HUD-approved homebuyer education course, occupying the home as primary residence, meeting with a housing counselor, and having a minimum credit score of 620. Income limits apply, ranging from $54,250 for 1 household member to $102,300 for 8 members. Debt-to-income ratios are limited to 33% for PITI and 43% for total debt. Borrowers must be US citizens or eligible aliens and meet specific employment and reserve requirements. Home requirements include: being a single-family residence in York County or City, on public water and sewer, with a purchase price not exceeding $219,000 for existing homes or $299,000 for new construction. Properties must meet minimum Housing Quality Standards and pass inspections.

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Description

Borrower requirements for the York Homebuyer Assistance Program include: being a first-time buyer who hasn't owned a home in the last 3 years, completing a...

Technical Information

  • File Format: PDF
  • File Size: 171 KB
  • Pages: 3
  • Language: EN
  • Author: Alaina Herbst
  • Total Downloads: 83
  • Last Updated: 1 week ago

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