Income limits

Assistive Technology Loan Application: Part 5

Income Limits

State Median Income Guidelines

Eligibility for a loan under this program is restricted to individuals and families whose monthly income is not greater than 100% of the state�s median income. This requirement may be waived if you have been rejected by a financial institution for a similar loan.

The following monthly and annual income amounts will be considered 100% of the median in Connecticut for the period July 1, 2002 to June 30, 2003:

Family Size	Monthly Income	Annual Income
1	$3,584	$39,262.60
2	$4,687	$51,343.40
3	$5,790	$ 63,424.20
4	$6,892	$ 75,505.00
5	$7,995	$ 87,585.80
6	$9,098	$ 99,666.60
7	$9,304	$101,931.75
8	$9,511	$104,196.90
9	$9,718	$106,462.05
10	$9,925	$108,727.20
11	$10,131	$110,992.35
12	$10,338	$113,257.50

If your income is over the state�s median and you qualify for a traditional bank loan, People�s Bank will consider you for a loan at a reduced rate from an additional loan program.

The appeal process