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Information for Single-Family Lending and Real Estate Professionals
 
Program Announcement

July 1, 2021
We're Raising our Income Limits!

Home Advantage lifts ceiling to $160K to help more families buy homes

We are raising the income limit for borrowers using our Home Advantage program!

Effective July 2, 2021, the Home Advantage maximum borrower income limit has increased from $145,000 to $160,000.

Our lender and real-estate partners around the state have been asking for this change so that together, we can keep the doors to homeownership open for moderate-income buyers, especially in high-cost areas. This change doesn't reduce resources for lower-income borrowers -- just lifts the ceiling so higher-priced homes are accessible.

As before, the income limit is the same everywhere in the state and refers to the credit underwriting income of the applicants.

For more details, see the Eligible Borrowers section of our updated Home Advantage program manual.

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Need more information? Contact us anytime: Corinna Obar

 

 
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