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First Time Home Buyer Pre-qualification Quiz

This quiz will help determine if you and your household may qualify for the City's First Time Home Buyer Program. In order to pre-qualify for the Program, you will need to answer 80% of the questions correctly. If you do not "pass" the pre-qualification survey, staff will respond with information to help you determine why you did not "pass" the initial survey and what additional information you may need to qualify in the future.

If you complete the quiz with a result of 80% or better, we will generate a Pre-qualification Certificate that will be valid for at least one year. Please include a valid email address, which will be used to inform you of available homes and updates to the Program. 

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* 1. Contact Information

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* 2. The resale income restriction on program properties lasts how long?

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* 3. True or False:  The income of all household members age 18+ is considered when qualifying for the program.

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* 4. A first time homebuyer is considered someone who has not owned a home, mobile home, condo or other vacant property in the last _____ years.

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* 5. What is the minimum down payment amount?

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* 6. What are “seasoned” funds?

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* 7. Which of the following restrictions apply to program homes?

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* 8. The City may reject or deny an application to the Program for which of the following reasons.

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* 9. The City’s Program includes a lottery, which includes how many tiers or drawings?

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* 10. True or False:  By completing this pre-qualification quiz, you are guaranteed an opportunity to purchase a home.

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