Property Eligibility

Types of Property

New or existing single family detached dwelling
- Manufactured housing must be on land you own and be taxed as real estate
Condominium
Two-unit which is at least five (5) years old
Newly constructed two unit located in a target area

Purchase Price Limits

The purchase price cannot exceed the limit for the county in which the property is located.

Principal Residence

You must occupy the property as your principal residence within 60 days after the loan closing. The property must remain owner occupied throughout the life of the loan.

Property Usage

No more than 15% of the property can be used for trade or business purposes.