Eligibility Requirements

Home buyers are required to complete an eight hour pre-purchase workshop through a HUD approved counseling agency. Certificates may not be more than 12 months old at the time of closing. Buyer must occupy the home as their principal residence.


Households must be at or below 120% of area median income (see chart) at the time of closing.

2012 HUD Income Limits, Adjusted for Household Size

Income Limits

MSA Median Income = 83,900

(EFFECTIVE  December 2011)

% of Median

1 person

2 person

3 person

4 person

5 person

6 person

7 person

8 person

30%

17,650

20,150

22,650

25,150

27,200

29,200

31,200

33,200

50%

29,400

33,600

37,800

41,950

45,350

48,700

52,050

55,400

80%

45,500

52,000

58,500

65,000

70,200

75,400

80,600

85,800

100%

58,750

67,150

75,550

83,900

90,650

97,350

104,050

110,750

120%

70,500

80,550

90,600

100,700

108,750

116,800

124,850

132,900

*Income limits are updated on a yearly basis and are determined by the Department of Housing and Urban Development.

The method for determining household income and the required documentation are outlined in the NSP Income Verification and Documentation policy.

 

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