Income and loan limits apply. Contact BankFive for details. To qualify for a Home for the Brave Mortgage, you must purchase a primary residence. You do not have to be a first-time homebuyer, but you may not own more than one home upon closing the loan. Must qualify; Have a total housing debt of less than 41% and a total monthly debt of less than 45%, if you are buying a 2-, 3-, or 4-family property; have two-months reserves; if you are a first-time homebuyer or are purchasing a multi-family home, complete a homebuyer counseling course.