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.
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We are a community of people. People who volunteer. People who say "hi" on the sidewalk. People who work in the local government, local schools, and local businesses. We welcome and value the homeowners who call Kennebunk, Kennebunkport, and Arundel their seasonal home, but we need to create homes for year-round residents if we are going to continue to have the towns and community we all love. Year-round residents are needed as workforce, elected officials, and as children in our schools.
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Our newest neighborhood, Landon Woods, continues to make good on our promise to our community to build permanently affordable homes for working families and seniors. Your support is vital to our mission. Our monthly and annual donors are the strong foundation that our work is built on. Thank you for support!
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