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Information for Single-Family Lending and Real Estate Professionals
Program Announcement
July 1, 2021
Income and Acquisition Cost Limits Increased for House Key Opportunity
Dear Lending and Real Estate Partners:
We are excited to announce an increase in income and acquisition cost limits for the House Key Opportunity First Mortgage Program.
Effective with reservations made on and after July 2, 2021,the new income and acquisition cost limits apply.
With home prices skyrocketing throughout the state, we hope this change will put homeownership within reach for more families.
All the new Income limits and acquisition cost changes can be found here. Sections 3 and 4 of the House Key Opportunity manual have also been updated.
Please note:
This announcement does not apply to the Home Advantage program, which has also raised its income limit to $160,000 statewide.
Questions? Contact Corinna Obar