Hello I would like to know if you work with the section 8.

Profile picture for Alicia2969
I'm from new york city an I would like to get a house with my section 8. it could be rent to buy. I don't know how it works with you so please let me know thank you.
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January 25 2009 - Claremore
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Answers (2)

Profile picture for THE HOME BANKER

The rental credit received from Section 8 is considered income when qualifying for a mortgage via an FHA loan.  Section 8 will need to prove the ability that it will continue for the first three years of residency.

Hope this helps.

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February 28 2009
Profile picture for ZIONUSA

Dear Alicia,

Welcome to Oklahoma!  Typically, the Oklahoma Housing Finance Agency has their own points of contact for you when going thru this process.  Have you completed the required classes and do you have all of your Section 8 paperwork?  If so, please call us directly so we may better assist you.  918-747-5000 or toll-free 800-ZION-USA

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February 28 2009
 

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