MRB Eligibility

• Annual household income must fall within the MRB income limitations for your county and family size.
• Be a U.S. citizen, other national or qualified alien person.
• Have the ability to provide a down payment or qualify for down payment assistance.
• Have an acceptable credit history.
• Can be a first-time buyer or repeat homeowner (if the property is located in a Targeted County).

GNMA Eligibility

• Meet GNMA income limits for your county.
• Be a U.S. citizen, other national or qualified alien person.
• Have the ability to provide a down payment or qualify for down payment assistance.
• Have an acceptable credit history.
• Can be a first-time buyer or repeat homeowner.

• Borrower must occupy the home within 60 days of closing and for duration of loan.
• New or previously occupied detached, single-family home
• New or previously occupied condominium, townhouse or attached unit in a planned unit development. (Check with lender for eligible condominiums.)
• New or previously occupied manufactured housing, single or double wide, permanently affixed to the foundation and taxed as real estate (must meet loan type’s foundation requirements).
• One-acre maximum on lot size unless acreage waiver is obtained. (MRB Only)

Purchase Price Limitations

MRB and GNMA Secondary Market First Mortgage Programs

New and Existing Homes………………………………………. $243,000  

MRB and GNMA Secondary Market First Mortgage Programs When Utilizing ANY Form of HOME DAP

Existing Homes ONLY…………………………………………… $195,700