- The owner must occupy the home as a primary residence.
- The lender credit cannot be applied toward down payment, prepaid items, real estate commissions or miscellaneous real estate agent fees, or recurring costs, such as property taxes and insurance, and the borrower cannot receive cash back.
- The home loan must fund with Bank of America on a conventional, VAadatext, FHAadatext or low down payment mortgage such as our Affordable Loan Solution® mortgageadatext.
Available county/city
Maximum income limits:
| All other areas in this county/city | Low-to moderate income areas |
|---|---|
| Apache County | |
| $56,000 | $105,000 |
| Cochise County | |
| $56,960 | $106,800 |
| Coconino County | |
| $81,520 | $152,850 |
| Maricopa County | |
| $87,680 | $164,400 |
| Mohave County | |
| $59,040 | $110,700 |
| Pima County | |
| $76,880 | $144,150 |
| Pinal County | |
| $87,680 | $164,400 |
| Yavapai County | |
| $69,840 | $130,950 |