For example, FY 2022 Income Limits are calculated using 2015-2019 5-year American Community Survey (ACS) data, and one-year 2019 data where possible. FY 2022 MFI: $90,600 EXTR LOW INCOME 19050 21800 24500 27750 32470 37190 41910 46630 VERY LOW INCOME 31750 36250 40800 45300 48950 52550 56200 59800 LOW-INCOME 50750 58000 65250 72500 78300 84100 89900 95700 . endstream endobj 22 0 obj <]>>stream Furthermore, some of its programs have income. 0000003675 00000 n 9.V N[MnJ4x|i%-{Ig*$nmfl 183 0 obj <> endobj ]5L8[?(n.syLK;~ s)\#:_nmUu. The program is administered by the Pennsylvania Housing Finance Agency . xVnH}Wcq.,\J&mhX~~sn(d97-fxO?_`|lon88'&Bj4p(D!?V*PZC_? (However, it is recommended that commercial income not constitute more than 10% of the effective gross income. PDF PHFA 2022 Pre-Application Meeting Held via WebEx 4/13/2022 Listing %%EOF All adults in your household are first-time home buyers or haven't owned a home in the past three years. Apr 26 2023: PHFA salutes 2022 Lender Award winners. endstream endobj 3. HPD eRent Roll Template - Including Instructions (CY 2021) (MS Excel . If you are ready to get in touch with an NJHMFA approved lender, fill out our request form and we'll pair you with up to three lenders in your area. Eligibility: Since this is a statewide program, income limits vary depending on the county of the prospective home. Pennsylvania First-Time Home Buyer | 2023 Programs & Grants Min. Twitter You are a veteran of the U.S. Armed Forces. (However, it is recommended that commercial income not . Media. %PDF-1.5 % 12 0 obj <> endobj xref 12 18 0000000016 00000 n It offers competitive interest rates, low down payments, and other benefits to eligible borrowers. Contact Us YouTube 1 0 obj <> endobj 2 0 obj <>>> endobj 13 0 obj <>stream 2. 1693 0 obj <>stream Income Averaging (Section 2.14 of the QAP): In regard to Income Averaging, the 2022 QAP removed the prior PHFA cap of 10% of units above 60% AMI. That means your loan won't be sold off to some random servicer. 184 0 obj <>>>/Fields[ 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R 55 0 R 56 0 R 57 0 R 58 0 R 59 0 R 60 0 R 61 0 R 62 0 R 63 0 R 64 0 R 65 0 R]>>>> endobj 186 0 obj <>>>/Contents 187 0 R/Annots 198 0 R/StructParents 0/Tabs/S/CropBox[0 0 612 792]/Rotate 0>> endobj 187 0 obj <>stream 0000062101 00000 n What Is HFA Preferred? Eligibility, Pros and Cons, and Alternatives
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