How is the purchase price determined?

Princeton’s program is unique in that the Purchase Price calculation is based on housing costs that cannot exceed 28% of gross household income. Housing costs include:

  • Allowance for private mortgage insurance
  • Homeowner association fees
  • Homeowner’s insurance
  • Interest
  • Payments for the mortgage
  • Sewer payment

Not Included in Housing Costs

Housing costs do not include utilities, food, or other household costs.

Show All Answers

1. ¿Cómo son las restricciones en escrito y normas y las leyes vigentes?
2. ¿Tienen las propiedades restricciones?
3. ¿Cuándo y cómo, son propiedades disponibles para la reventa?
4. ¿Cómo se determina el precio de compra?
5. ¿Cuáles son los criterios para la calificación de compra?
6. ¿Cuáles son los criterios de elegibilidad?
7. Preguntas frecuentes acerca del Programa de Compras del Municipio?
8. How are the deed restrictions and rules and regulations enforced?
9. Are Princeton’s affordable housing properties deed restricted?
10. When, and how, are properties available for resale?
11. How is the purchase price determined?
12. What are the criteria for qualification to purchase?
13. What are the criteria for eligibility?