Family 1 should be able to qualify for up to $486,625 in a non targeted area or 594,764 in a targeted area on New Construction. For resale non targeted they could probably look at up to 543,859 in a non targeted area or up to $664,716 in a targeted area. They can get into these program through the CHAFA Loan Program if they are a first time homebuyer becaue they meet the eligible income requirements.

Family two is subject to market rates. They don’t qualify for CHAFA becaue their income is too high. For this family I would think they are subject ot conforming loan limits which puts there maximum loan amounts twards 450000. There 45K would reduce the loan amount under 417000 but they might still have problems with the 20% down. I would still think that a sub prime or superprime might lend money up to this dollar amount.