Strengthening Families & Communities Through Homeownership
HOMEOWNERSHIP IS ACHIEVABLE
Are you ready for secure, stable, and sustainable housing? Ridding your life of rent and becoming a homeowner is possible. River City Housing has sold hundreds of houses to first-time homebuyers at varying levels of household income. Check out the following information and tools to see what resources are available and what assistance you may qualify for.
Homes For Sale | First-Time Homebuyer Program | Subcontractors
STEPS TO QUALIFY:
1. You must be a first-time home buyer (not owned a home in the past three years)
2. Qualify for a mortgage from a bank or other reputable lending institution
3. Meet the income guidelines for number of members in household (see list below)
4. Complete HUD-certified New Homeowner Training (there is a cost associated with this course; price varies)
5. Must also meet all other requirements to qualify for Down Payment Assistance
New Homeowner Training:
Louisville Urban League at 502-585-4622, Apprisen 502-458-8840 or go online to eHomeAmerica
Once qualified, you're ready to find the home of your dreams!
INCOME GUIDELINES
To purchase a River City Housing property, your income must not exceed a certain amount based on household size.
The following 2023 HUD Annual Income Limit Guideline depicts the maximum income level for the number of household members to qualify for these purchase programs.
# in Household Max Income
1 Person $50,250
2 People $57,400
3 People $64,600
4 People $71,500
5 People $77,500
Contact us to help answer your questions about the 2023 HUD Annual Income Limits.
