FFIEC – MSA Calculation

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    Quick question about MSA rules and priority member calculation. For example:

    Tract Income Level Upper
    Underserved or Distressed Tract No
    2019 FFIEC Estimated MSA/MD/non-MSA/MD Median Family Income $124,000
    2019 Estimated Tract Median Family Income
    2010 Tract Median Family Income
    Tract Median Family Income %

    Do I calculate my income against the $124k number or the specific median income in the 2019 Tract ($154k)?

    If I’m under 80% my MC confirmed we can buy our rate down more than 5 points but I’m not sure which number to calculate 80% from. Please advise….


    124 is the entire metro area (Dc?)

    154 is the neighborhood

    You calculate your income based on 124. If it is below you can buy anywhere. In your case the total combined income from you and your spouse must be 99.2 or less to get more than 5 points.

    Don’t pay attention to 134 that’s just a historical reference.

    124.23 is the percent of the neighborhood compared to the MSA. Around 100 is average. 124 means it’s a wealthy neighborhood. Non priority members cannot buy in wealthy neighborhoods. They are limited to areas below 100 or in your case below 124.


    Out of curiosity, who is your MC? I’m hoping it’s someone other than mine who’s corroborating being able to buy down more than five points…


    The $124,000 number is what you are looking at. If your income is under that number, you will be a priority member for NACA and can purchase anywhere in that MSA.

    If you are at 80% or under, you are eligible for a special interest rate reduction as well. So if you are below $99,200 then you will qualify for the lower interest rate and/or the additional buydown.


    Thanks for the responses. This is NY, specifically Long Island. I was really hoping I’d be able to work off the $154k number as I’m over the 80% on $124k….bummer I’m working with the Newark office and my MC is David Henry.

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