Resource restriction is $20,100. You cannot do have more than simply $20,000 from inside the offers and you may examining account. That it excludes senior years account such 401(k)s.

There clearly was a misconception you to definitely gets pushed up to. I believe it is because out-of a misunderstanding of the program. Occasionally, I will pay attention to home buyers or other agents claim that they can only just buy a property in a specific city when they having fun with a beneficial MSHDA mortgage. Continue reading →