They also lost about $20000 worth of music ...Portage residents spend thousands to get rid of water in basementsKalamazoo Gazette - MLive.com, MI -13 minutes agoBut they were forced to take out a second loan to cover the $14000 cost of waterproofing their basement. There is no upper age limit set by HUD for the borrower. Nor is there a certain income level that the borrower must achieve in order to buy a home at a certain price. And although income is certainly an important factor, it is simply one of the several determining factors which are used by the HUD to find whether the borrower will be able to repay the mortgage.
