Sentences with phrase «high minority census»
Eligibility is also provided for properties located in low - income census tracts with no borrower income limits, and up to 100 % of AMI for properties located in high minority census tracts or designated disaster areas.
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No income limits for properties in low income census tracts, 100 % of average median income (AMI) in high minority census tracts, and 80 % of AMI in all other properties
Not exact matches
HomeReady ™ is only available in low - income census tracts, to low - income borrowers, in areas of high minority concentration, and in regions declared a disaster area.
The sample was stratified by country and electoral ward type to over-represent families in Wales, Scotland, and Northern Ireland, and wards with a high proportion of disadvantaged and ethnic minority families.19 Electoral wards were defined as ethnic minority (at least 30 % of population «Black» or «Asian», 1991 census), with the remainder defined as disadvantaged (upper quartile Child Poverty Index20) or advantaged (not in upper quartile Child Poverty Index).
HomeReady ™ is limited to certain low - income census tracts; and areas with high minority concentrations.
A high - minority census tract is an area in which the minority population is at least 30 %, and in which the median household income is less than the median household income for the area.
HomeReady ™ is limited to certain low - income census tracts; and areas with high minority concentrations.
Yes, you can use the HomeReady ™ program even if you don't live in a low - income census tract or a high - minority census tract.