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Company Loan Type APR Est. Pmt.

Income caps

Posted on: 19th Mar, 2011 12:31 pm
This may be a dumb question but I cant seem to figure this out on my own.
First time home buyers loan in my area has an income cap of 81k. Now say I did this loan and moved into my house. Does anything happen if my girlfriend moves in with me and now the household income exceeds the 81k?
If it is your intention to mover her in with you, i would think that would be the same as bring a spouse. and her income would be part of the 'household' income.

call the authority that oversees the program and ask.
Posted on: 19th Mar, 2011 02:35 pm
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