Priority status when buying in different state

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  • #70317
    bella427
    Participant

    I just finished an ATD and MC told me I am non-priority. I live in ny and my income is higher than my current towns MSA of 70k. However, I am looking to purchase in a NJ towns with an MSA of 98k and a tract % over 100%.

    Since my income is below the nj msa ..wouldn’t that make me a priority member for NJ regardless of the tract is greater than 100%? I thought I read this info on the forum …but MC told me otherwise. I don’t know if he is getting confuse since I’m not buying in my current area or state.

    #70394
    TTrumble
    Member

    Hello bella427,

    Your priority or non-priority status is based on the MSA in which you will be buying, not necessarily the one in which you presently live.

    The real issue you need to discuss with your counselor is whether or not residency will need to be established in the new MSA first, especially since it is across a state line from where you presently live.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #70405
    bella427
    Participant

    @ttrumble

    Thank you for the clarification. I will be keeping my current job in NYC and commuting from the New Jersey suburbs less than 40 miles away. I currently live in Long Island about 30 Miles from work. The MC at the atd event told me it’s the same central office in Newark, NJ tho.

    However, the confusion was I am looking at msa’s outside the newark area. I would assume since I’m staying at the same job, that residency wouldn’t be an issue. Does that sound right?But I will ask at my follow-up appointment with my action items.

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