Description

Department of Neighborhood Development (DND) Income Restricted resale condo. 2 bedroom third floor condo includes: In-Unit washer & dryer, professionally managed & 2 off-street parking spots. Near the 32 Bus & Orange Line Forest Hill Stop.This condo is subject to DND approval of buyer's eligibility application. To purchase the condo a 1 member household must make under $78,550, 2 household members (HM) must make under $89,750, 3 HM must make under $100,950 & 4 HM must make under $112,150. Please ask for income limits for larger households. Buyer(s) must have under $100,000 in liquid assets (please ask for specifics). Only up to $50,000 can be a gift. The asset limit does not include many kinds of retirement money and education savings. The prospective buyer shall obtain a 30-year fixed rate mortgage loan conforming with the Fannie Mae guidelines with a Loan to Value (LTV) ratio of less than or equal to 97%. First showings at Open House on Sunday, July 24th 1:00pm - 3:00pm.

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Description

Department of Neighborhood Development (DND) Income Restricted resale condo. 2 bedroom third floor condo includes: In-Unit washer & dryer, professionally managed & 2 off-street parking spots. Near the 32 Bus & Orange Line Forest Hill Stop.This condo is subject to DND approval of buyer's eligibility application. To purchase the condo a 1 member household must make under $78,550, 2 household members (HM) must make under $89,750, 3 HM must make under $100,950 & 4 HM must make under $112,150. Please ask for income limits for larger households. Buyer(s) must have under $100,000 in liquid assets (please ask for specifics). Only up to $50,000 can be a gift. The asset limit does not include many kinds of retirement money and education savings. The prospective buyer shall obtain a 30-year fixed rate mortgage loan conforming with the Fannie Mae guidelines with a Loan to Value (LTV) ratio of less than or equal to 97%. First showings at Open House on Sunday, July 24th 1:00pm - 3:00pm.