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Family <br />Size <br />Up to <br />$0% AM1 <br />1 <br />$20,000.00 <br />2 <br />$25,000.00 <br />3 <br />$30,000.00 <br />4 <br />$35,000.00 <br />5 <br />$40,000.00 <br />6 <br />$40,000.00 <br />7 <br />$40,000.00 <br />8 <br />$40,000.00 <br />The HRS and PA will review each Applicant's case and discuss with the primary <br />lender and Applicant the limitations of the program. The HRS will determine the <br />amount of assistance needed for down payment, closing and buy down of the <br />primary note for each Applicant's household size and income range. The HRS <br />will recommend the amount to the PA and County in the best interest of the <br />program. If more funds are needed than allowed to make the Applicant feasible <br />to receive purchase assistance, other housing purchase assistance funds must <br />be obtained to meet HUD mortgage costs limits, or the Applicant will be rejected <br />as infeasible due to income limitations and the inability to keep the primary note <br />within the HUD guidelines (usually no more than thirty percent (30%) of gross <br />income for mortgage, insurance, taxes and other mortgage costs combined, but <br />whatever is current at the time of Application review will be used as a guide). <br />BY�J�=�t �t <br />Peter D. O'Bryan, Chairman <br />BY: <br />ty Cler <br />APPROVED AS TO FORM AND LEGAL SUFFICIENCY <br />44 <br />William K. DeBraal, Deputy County Attorney <br />56 <br />