- Must have an Income Verification Letter from Black Hills Community Bank to determine which tier you are eligible for:
- Tier 1: $230,000 and under – 125% area median income (AMI)
- Tier 2: $299,000 and under – 150% area median income (AMI)
- Tier 3: $385,000 and under – 175% area median income (AMI)
- Must be prequalified for a mortgage.
- Homes may be under that price but must be able to close on a home up to that limit
- Pre-qualification can happen with Black Hills Community Bank or any other qualified lender of your choosing.
- With the income verification letter and mortgage pre-qualification letter in hand, you can move forward with a purchase agreement. Our realtor will guide you through the process.