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Buyer Qualifications

HomeBuyer Qualifications
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Homebuyer
Qualification
Guide

Thank you for your interest in Settlers’ Crossing, a new affordable homeownership community in
the City of Amsterdam. Our homes are offered through the New York State Affordable
Homeownership Opportunity Program (AHOP) and are intended for qualified homebuyers who
meet program requirements.

Complete Interest Survey
View Eligibility Details

Buyer Qualifications

Requirement Qualification
1. First-Time Homebuyer Must not have owned a home within the past three years (some exceptions may apply).
2. Income Eligibility Household income must be at or below 100% of Area Median Income (AMI). See income chart.
3. Homebuyer Education Complete HUD-approved homebuyer counseling through Better Community Neighborhoods, Inc. (BCNI).
4. Mortgage Qualification Must qualify for a mortgage with an approved lender.
5. Down Payment & Closing Costs Must demonstrate sufficient funds or qualify for available assistance programs.
6. Owner Occupancy Home must be used as your primary residence.
7. Documentation Verification of income, assets, employment, household size, and tax returns is required.
8. Final Approval Subject to HCR program eligibility review and financing approval.

2026–2027 Household Income Limits

MONTGOMERY COUNTY, NY (100% AMI)

1 Person$66,850
2 People$76,400
3 People$85,950
4 People$95,500
5 People$103,150
6 People$110,800
7 People$118,450
8+ People$126,100

Documents You'll Need

  • Government-issued photo ID
  • Last two years of federal tax returns
  • Recent pay stubs or proof of income
  • Recent bank statements
  • Employment verification
  • Mortgage pre-approval (if available)
  • Completed BCNI counseling application

Your Path to Homeownership

  • Complete the interest form www.SettlersCrossingNY.com
  • Meet with BCNI for HUD-approved homebuyer counseling
  • Obtain mortgage qualification
  • Select your home
  • Complete final HCR eligibility review
  • Mortgage pre-approval (if available)
  • Close on your new home

Building Roots Where Journeys Began

  • Homebuyer counseling provided through Better Community Neighborhoods (BCNI)
  • Equal Housing Opportunity