Quote:
Originally Posted by SummerChild
Hi Soror. I may be mistaken. It looks like NACA does not have an income limitation, but they have a max loan amount limitation. Do I have this backwards?
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I'm not sure. I thought they had an income limitation and then I just read on their site that they didn't but then I also read this:
WHO DOES NACA HELP?
To qualify for NACA's services you must have a household income lower than a specific percentage of your city's median income or be willing to purchase in a neighborhood that has been cut off from access to credit ("Priority Areas"). Income restrictions differ by NACA office location. You may not own other property, and you must live in the home while you have the mortgage you obtained through NACA.
So I'm not sure.