Description

Mayor's Office of Housing (MOH) Income-Restricted Resale Condo in Chinatown. This 2-bedroom / 2-bathroom condo features an in-unit washer/dryer, concierge building, common outdoor space, air conditioning, bike storage, and proximity to the Orange and Silver Lines. Recently updated with a new refrigerator and washer / dryer. This condo is subject to MOH approval of the buyer's eligibility application. To purchase, a 1-person household (HH) must earn under $115,800, a 2-person HH under $132,400, and a 3-person HH under $148,900. Please inquire for larger HH sizes. Buyer(s) must obtain a 30-year fixed-rate mortgage conforming to Fannie Mae guidelines, with a Loan-to-Value (LTV) ratio less than or equal to 97% of the maximum resale price. Buyer(s) must also have less than $100,000 in countable assets (excluding many retirement and education savings accounts). Eligible buyer(s) must be first-time homebuyers, or have not owned property within the past three years.

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Description

Mayor's Office of Housing (MOH) Income-Restricted Resale Condo in Chinatown. This 2-bedroom / 2-bathroom condo features an in-unit washer/dryer, concierge building, common outdoor space, air conditioning, bike storage, and proximity to the Orange and Silver Lines. Recently updated with a new refrigerator and washer / dryer. This condo is subject to MOH approval of the buyer's eligibility application. To purchase, a 1-person household (HH) must earn under $115,800, a 2-person HH under $132,400, and a 3-person HH under $148,900. Please inquire for larger HH sizes. Buyer(s) must obtain a 30-year fixed-rate mortgage conforming to Fannie Mae guidelines, with a Loan-to-Value (LTV) ratio less than or equal to 97% of the maximum resale price. Buyer(s) must also have less than $100,000 in countable assets (excluding many retirement and education savings accounts). Eligible buyer(s) must be first-time homebuyers, or have not owned property within the past three years.