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First Place Loans - Purchase Price and Income Limits  

 

 

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Purchase Price Limits

 

Non-Target Area

Target Area

Single family home

$237,000

$289,700

Duplexes

$266,800

$326,200

These limits are subject to change in accordance with regulations.
LAST UPDATED 03-22-2004

 

Non-Target Area

1-2 Persons

3+ Persons

$57,000

$65,550

Target Area

1-2 Persons

3+ Persons

$68,400

$79,800

 

Additional Income Guideline Information

bullet The total gross annual household income for all residents living, or intending to live, in the home, age 18 or older, must be within the limits established for household income.
bullet Total gross annual household income is calculated using all sources of income including, but not limited to, wages, overtime, bonuses, child support, alimony, commissions and earnings from a second job, business and investments.
bullet Also see Frequently Asked Questions.