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
COMMUNITY MUSIC SHOWCASE
Well, THAT was awesome! The Community Music Showcase Vinegar Hill Music Theater was a smashing success and we couldn't have done it (or had as much fun!) without so many amazing people!
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200 people danced the night away to the amazing music of FOG AVE, Michael Corleto, Guitarist Michael Beau Dalleo, The Chris Ross Band, Ocean Ave Band and the Dock Squares!
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Super shout out to our sponsors- Vinegar Hill Music Theater, Billy Goat Landscaping, Guaranteed Rate, Weirs GMC, Atlantic Holdings and the Kennebunkport Resort Collection. Thank you to our Auction Donors and congratulations to all the auction winners!
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Every penny of the (over) $17,000 dollars raised will go directly towards helping us build 25 new permanently affordable, year-round homes by 2025.
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Check out these amazing photos by Shelby Marie Whitehouse at SMWphoto http://smwphotoblog.com
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