Section 32 Mortgage Loans: Risks You Should Know
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The Section 32 Homeownership Program is offered to first-time homebuyers who are at or below 80% the Area Median Income (AMI), and who will use the home as their primary residence. The purchase price will be the current appraised value of the home. Eligible properties must pass a Housing Quality Standards (HQS) Inspection. Homeownership, financial fitness and hands-on maintenance classes are also required. Visit phoenix.gov/housing for more info. | City of Phoenix, AZ USA
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