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Category 2 Affordable Home for Sale
2 bedroom, 1 1/2 bathroom, 1 car garage, 1,132 square feet, range, refrigerator, dishwasher, NO DOGS
$233,138
Income limits to apply for this home:
| One Person Household | $51,185 to $63,980 |
| Two Person Household | $58,497 to $73,120 |
| Three Person Household | $65,809 to $82,260 |
| Four Person Household | $73,121 to $91,400 |
| Five Person Household | $78,971 to $98,712 |
| Net Asset Limits | $182,800 |
Lottery deadline for this home is Tuesday February 27, 2018 by 4:00 p.m. No late or incomplete entries will be allowed, no exceptions.
Please note the policies in affect to enter any lottery. The Housing Department Intake form must be filled out and submitted to enter this or any lottery. If you have not submitted a Intake form prior to the beginning of this lottery you will not be eligible to apply.
A completed Lenders Qualification Worksheet with an up to date Credit Report, and a completed Home Buyer Education Class Certificate all must be attached to the Lottery Entry Sheet or on file with the Housing Department. The Housing Department will keep Lenders Qualification on file for one year. The Home buyer Education Certificate is good indefinitely. Please make sure your lenders qualification worksheet is for at least the amount of the home you are applying for. You must be able to prove your ability to secure financing.
Forms needed to enter this lottery:
Lenders Qualification Worksheet
Home Buyer Education On Line Class Certificate Link
Example cost break down for a purchase price of $233,138
| 3.5% down payment (required) | $8,160 |
| Loan Amount | $224,978 |
| Principal & Interest Payment (estimate 5%) | $1,208 |
| Property Tax (estimate) | $111 |
| Insurance (estimate) | $100 |
| HOA dues (estimate) | $150 |
| Total Estimated Monthly Payment | $1,569 |
Millward Rules and Regulations
Please talk to a local lender about closing costs, interest rates, and available loan programs to suit
your financing needs. We recommend you choose a local lender.