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Income and Sales Price Limits

Home > Housing Opportunities > Homeownership > Mortgage Purchase Program > Income and Sales Price Limits
Income Limits
HOUSEHOLD SIZE MAXIMUM INCOME LIMITS
(eff. 4/5/2023)
One Person $119,532
Two Persons $170,760
Three or More Persons $199,220

Income

  • Household income is the total gross annual rate of income for ALL adult members age 18 or older of the household, whether used for qualifying or not, who will occupy the property.
  • Household income cannot exceed the limits in effect at the time of loan application.
  • The household income does not have to remain below the limits forever. After settlement, there is no limit on household income.
  • Household size refers to the number of people (adults and minors) who will live in the property as of settlement.
  • These income limits are separate from the income limits of the MPDU programs.
Sales Price Limits
MAXIMUM SALES PRICE / LOAN AMOUNT MAXIMUM INCOME LIMIT (eff. 4/5/2023)
MPP Maximum Sales Price $806,598
Maximum Loan Amount $726,200

Conventional/FHA loan amounts may not exceed the lesser of or the insurer/guarantor’s maximum mortgage amount. Maximum loan amount may only be exceeded by the FHA UFMIP.

For Montgomery County properties ONLY, the sales price cannot exceed the above amount.