Frequently Asked Questions

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Self-Sufficiency Rental Income Eligibility: Self-Sufficiency Rental Income refers to the Rental Income produced by the subject Property over and above the Principal, Interest, Taxes, and Insurance (PITI).  The PITI divided by the monthly Net Self-Sufficiency Rental Income may not exceed 100 percent for three-unit to four-unit properties.

3.5% 

Typically, closing costs are around 3% of the purchase price but vary depending on the purchase price.