Home Warranty is a contractor's warranty rather than a purchased warranty. Purchase requires taking on a 15 year, $10,000 soft second mortgage at 0% interest. There are no payments, and the mortgage is forgiven if the buyer remains in the house for 15 years. Buyers' income must be below 80% of AMI (Area Median Income), and buyer must complete pre-purchase education. MAXIMUM INCOMES FOR A FAMILY OF: One: $36,350 Two: $41,550 Three: $46,750 Four: $51,900 Five: $56,100Six: $60,250
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