Homeownership
Homeownership
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Homeownership
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If you are currently renting through the Framingham Housing Authority you could be eligible for the Section 8 Homeownership Program.
The Section 8 Homeownership Program works much like the Section 8 Rental Program except that the subsidy you receive is applied toward the mortgage rather than towards a rent payment. To be eligible for the Homeownership Program, you must meet the following criteria:
- Be eligible for Section 8 rental assistance program
- Be employed full time (30 hrs/week) for at least a year
- Be in full compliance with your lease
- Family must be first time homeowner
- Attend First Time Homebuyer Course and receive certificate
- Satisfies the minimum income requirement
- Can pay 3% down payment of which 1% has to be own funds
