Description
The sales price is $192,100 however qualified purchasers may be eligible for a forgivable grant of up to $20,000, forgiven over 15 years and/or a deferred 2nd mortgage of up to $52,100 to ensure monthly mortgage payments are affordable. Deferred mortgages accrue at 3% simple interest per annum, interest will cease to accrue when it reaches half of the principal value and matures after 30 years. Purchaser's shall provide $120,000 of investment through down payment and/or financing. Purchaser must meet the gross income eligibility requirements and be eligible for the City's Replacement Housing Program. Please refer to the Replacement Housing Application for a full list of eligibility requirements. Home must remain single family owner occupied.
MLS ID: 1609946
