Simplified 2024 Section 8 Homeownership voucher program eligibility requirements

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Section 8 Homeownership voucher program eligibility requirements
· Be a current Section 8 housing choice voucher participant.
· Have income of at least $14,500 per year (although local agencies may require more)
· Be a first-time homebuyer according to HUD's definition (meaning you can't have owned a home in the last three years)
· Work at least 30 hours per week and have been employed for at least a year, unless you're elderly or have a disability.
· Participate in homebuyer education and counseling.
· Have no previous defaults on a mortgage while receiving Section 8 homeownership assistance.
· Must be able to qualify for a mortgage loan, based on the lender qualifications.
· Complete a pre-assistance homeownership and housing counseling program!
· Meet your public housing agency's rules for the program, which may include a minimum savings balance or a minimum credit score to buy a house.
Homeowner Obligations
www.hud.gov/si...