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CHOICE HOMES



Published: Sat, September 28, 2002 @ 12:00 a.m.


CHOICE HOMES
Maximum incomes
The maximum incomes of households eligible to buy a government subsidized CHOICE home:
One person: $26,380
Two people: $31,200
Three people: $35,040
Four people: $38,960
Five people: $42,080
Six people: $45,200
Seven people: $48,320
Eight people: $51,440
The mortgage payment would be $306 per month to buy a newly built CHOICE home. The owner would need $1,000 for a down payment and qualify for a 30-year mortgage at 7 percent.
The mortgage payment would be $200 per month to buy a rehabilitated CHOICE home. The owner would need $1,000 for a down payment and qualify for a 30-year mortgage at 6 percent.
Source: CHOICE


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