Ability to repay
The ability to repay an affordable mortgage, which will not exceed 30% of your gross monthly income, this means a stable income that meets the income HUD guidelines (see income requirements table)
- Have had a steady income for at least two years
- Meet income guidelines and maintain a manageable debt-to-income ratio
- Have reasonably good credit—perfect credit isn’t required
- Show a consistent ability to make payments on time
If your credit needs improvement, that’s okay. We can connect you with trusted resources to help you get ready to apply. We’re here to walk alongside you on the journey to affordable homeownership—one step at a time, together.
