ANSWERS: 1
  • Yes and no. A person may qualify to purchase a unit in any HOA using their Section 8 voucher as part of their qualifying income. However, the borrower's lender way disqualify the property based on the percentages of rental units in the development (e.g., non-warrantable properties) or having a single owner owning too many units within the development. Underwriting guidelines are clear on this, although they may vary from one lender to another. On the other hand, if a rental unit has not been qualified for Section 8 housing, the potential renter is powerless to force the owner's hand. NOTE; This may involve having the HOA approval as an integral part of Section 8 acceptance. In this case, the renter should continue their search.

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