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Does a homebuyer have to income-qualify for Boulder County Down Payment Assistance Program?

April 26, 2017boulder county down payment homebuyer income-qualify program

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Does a homebuyer have to income-qualify for Boulder County Down Payment Assistance Program?

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Yes. Household income may not exceed 80% of the Area Median Income (AMI) based on household size for Boulder County. This number is determined annually by the Department of Housing and Urban Development (HUD). Households may also not exceed the program’s asset limits, which are typically the same amount as the income limits.