Closed 1/31/2018. Sale Price $153,670
Affordable Category 1 home for sale - 943 Sandcherry Way
1 bedroom, 1 bathroom, range, refrigerator, dishwasher, and microwave, NO DOGS allowed, 1 household pet allowed such as cats, birds, rodents, and non-poisonous reptiles, 672 square feet. This unit does not have a washer and dryer, but it does have hookups. No garage on this unit.
Eligibility, Qualifying, & Preference
Income limits to apply for this Category 1 Affordable Home:
|One Person Household||$0 to $51,184|
|Two Person Household||$0 to $58,496|
|Three Person Household||$0 to $65,808|
|Four Person Household||$0 to $73,120|
|Five Person Household||$0 to $78,970|
|Net Asset Limit||$146,240|
The deadline to enter the lottery for this home for sale is Tuesday November 7, 2017 by 4:00 p.m. No late or incomplete entries will be accepted.
To enter this lottery, you must submit a lottery entry sheet, filled out entirely and signed by all applicants, a lenders qualification worksheet, filled out by your lender, a copy of your current credit report, and a home buyer education class course certificate. As long as your lenders qualification worksheet is representative of the amount of home for sale, it will be good for 1 year of its completion. If the home you are trying to apply for is for more than your qualification worksheet indicates, you will need to submit a new one showing the updated borrowing ability. The home buyer education class certificate is good indefinitely.
If you have completed the home buyer education class and provided the Housing Department with a copy of the certificate, and have a current lenders qualification & credit report on file with the Housing Department, you simply need to submit the below provided lottery entry sheet. Please contact the Housing Department staff with any questions you may have regarding entry into this or any lottery. Thank you.
Items needed to enter the lottery for this home:
Lottery Entry Sheet
Lenders Qualification Worksheet
Home Buyer Education Class Certificate
Example Cost break down for a home at $153,670
|Down Payment amount (3.5% required)||$5,378|
|Principal & Interest Payment (estimated 5%)||$796|
|Property Taxes (estimate)||$73|
|HOA Dues (estimate)||$260|
|Total Estimated Monthly Payment||$1,229|
We recommend you speak to a local lender about all your financing options.