June 28th, 2022 10:07 AM by Elizabeth Washburn
Two weeks ago Freddie updated their Area Median Income charts. This may not seem like a big deal, but this will enable thousands of people either lower housing payments or they qualify for a larger purchase. For example, the 100% median income level for DeKalb County where I live is $95,700. This means the Home Possible limit is now $76,560 in DeKalb County, GA.
If you want to know exactly what income level a specific home is eligible for, use this link to put in your address.https://sf.freddiemac.com/working-with-us/affordable-lending/home-possible-eligibility-map to see if you're income level is eligible then call me to find out the eligible benefits. If you want help securing the best financing available under this or other programs, give me a call.
Thank you!
Elizabeth Washburn