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HOME Homebuyer Assets or Cash Reserve Requirement City of Greensboro (NC) 10/30/2020 3:23:55 PM

HOME Homebuyer Assets or Cash Reserves The HOME program requires PJs to determine whether there are sufficient cash reserves available afterclosing to sustain homeownership. What is your minimum cash reserve required to be available post-purchase? In other words, after closing, the homebuyer must have financial resources of at least ___ times the total monthly housing expenses, including principal, interest, taxes, insurance, and any association fees.

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