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The one-story homes will be sold - net of the assistance listed above - for a sale price of $220,000.
A minimum downpayment of 1% will be utilized to pay the upfront cost of mortgage insurance. And closing costs are likely to exceed the MaineHousing assistance by about $1,000. Thus, homebuyers will have to demonstrate to the lender that they have at least $3,100 in available cash for closing. Additional downpayments can be utilized to reduce the mortgage below $220,000 if desired and available.
The one-story homes will be sold - net of the assistance listed above - for a sale price of $220,000.
A minimum downpayment of 1% will be utilized to pay the upfront cost of mortgage insurance. And closing costs are likely to exceed the MaineHousing assistance by about $1,000. Thus, homebuyers will have to demonstrate to the lender that they have at least $3,100 in available cash for closing. Additional downpayments can be utilized to reduce the mortgage below $220,000 if desired and available.
The one-story homes will be sold - net of the assistance listed above - for a sale price of $220,000.
A minimum downpayment of 1% will be utilized to pay the upfront cost of mortgage insurance. And closing costs are likely to exceed the MaineHousing assistance by about $1,000. Thus, homebuyers will have to demonstrate to the lender that they have at least $3,100 in available cash for closing. Additional downpayments can be utilized to reduce the mortgage below $220,000 if desired and available.
Important Information
Important Information
OR
The Apartments at 6 North Street
The Neighborhood Housing Trust has taken stewardship of an eight-unit apartment building at 6 North Street in Kennebunkport. The transfer of ownership from the dissolving South Church Housing Corporation ensures the homes can remain affordable for its residents, and that the building will be preserved as much needed workforce housing just steps from Dock Square.
Read more about this exciting new opportunity for NHT here!
The Neighborhood Housing Trust aims to provide safe and efficient housing to households with extremely low and low income at these apartments in downtown Kennebunkport. Apartments rarely become available and new tenants are identified in partnership with the local General Assistance Coordinators in Arundel, Kennebunk, and Kennebunkport.​​​
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Questions? Please email Larissa Crockett at Larissa@nhtmaine.org
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