View Single Post
Old 07-25-2007, 02:29 PM   #12
Morrigoon
I throw stones at houses
 
Morrigoon's Avatar
 
Join Date: Jan 2005
Location: Location: Location
Posts: 9,534
Morrigoon is the epitome of coolMorrigoon is the epitome of coolMorrigoon is the epitome of coolMorrigoon is the epitome of coolMorrigoon is the epitome of coolMorrigoon is the epitome of coolMorrigoon is the epitome of coolMorrigoon is the epitome of coolMorrigoon is the epitome of coolMorrigoon is the epitome of coolMorrigoon is the epitome of cool
Here's some info I posted on my blog recently about definitions of "low income":
Quote:
Here is a document that lists, amongst other valuable information, the SCHFA-CalHFA income limits for low- and moderate-income first-time homebuyer programs. But just in case you haven't looked at that document yet, I thought maybe I should post that information directly for you:

Moderate Income (for existing/resale and new homes):
$82,326 for 1 or 2 person households
$94,675 for 3 or more person households

Low Income (for existing/resale homes only):
$49,396 for 1 or 2 person households
$56,805 for 3 or more person households

Low Income (for new homes only):
$57,628 for 1 or 2 person households
$66,272 for 3 or more person households


While I'm at it, I should point out that their definition of a first-time homebuyer is not necessarily someone who has never owned a home before... it is someone who has not owned a home in the last 3 years. So if it has been at least 3 years since you owned a home, you are considered a first-time homebuyer for the purposes of their program.
__________________
http://bash.org/?top
"It is useless for sheep to pass a resolution in favor of vegetarianism while wolves remain of a different opinion." -- William Randolph Inge
Morrigoon is offline   Submit to Quotes Reply With Quote