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what is the eligibility for ADDI assistance

by watfa3_706_446 from Hogansville, Georgia. Apr 10th 2013 Reply


Scott Gimbel (TeamGimbel)
#867 ranked lender in California - 8 contributions

To be eligible for ADDI assistance, individuals must be first-time homebuyers interested in purchasing single family housing. A first-time homebuyer is defined as an individual and his or her spouse who have not owned a home during the three-year period prior to the purchase of a home with ADDI assistance. ADDI funds may be used to purchase one- to four- family housing, condominium unit, cooperative unit, or manufactured housing. Additionally, individuals who qualify for ADDI assistance must have incomes not exceeding 80% of area median income.Contact your local home administering agency and you can find out who they are by visiting the HUD website. Good Luck!The Gimbel Team... Serving Mortgage Clients for 25 years

Apr 10th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

See fine answer by TeamGimbel.

Apr 10th 2013
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Carlos Figueira (carlosfigueira)
#107 ranked lender in New Jersey - 199 contributions

Yep, TeamGimbel is on point.

Apr 10th 2013
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James Mazzola (Mazzola)
#109 ranked lender in New Jersey - 314 contributions

Contact me to discuss: Jim Mazzola jmazzola@sunnb.com

Apr 11th 2013
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Peter Savino (855411LEND)
#99 ranked lender in New Jersey - 332 contributions

see the first reply, its spot on

Apr 11th 2013
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Team Gimbel is correct

Apr 11th 2013
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Craig Prickett (cpmtgnow)
#159 ranked lender in Florida - 98 contributions

I am not sure if ADDI assistance is currently appropriated for 2013. It was intended for years 2003 to 2008. I do have SHIP funds, NSP funds, and CDBG funds available in Florida. Call me if interested 954 558 4430 Craig

Apr 11th 2013
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