Lender Guidelines: 4.4 Targeted Areas
Lender Guidelines: 4.4 Targeted Areas
Targeted Areas are areas identified by the IRS as “qualified census tracts” or “areas of chronic economic distress”. The benefits of originating a mortgage loan in a Targeted Area are significantly higher income limits and significantly higher purchase price limits. Additionally, for borrowers utilizing Bond DPA or receiving an MCC, the first-time home buyer requirement is waived. Targeted Areas in the State of Texas are listed on TSAHC’s website at https://www. tsahc.org/lenders/resources-for-lenders#Income_and_Guidelines and the Lender Portal atwww.bayviewtpo.com.