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
Heritage Housing Trust Wish List
The Kennebunkport Heritage Housing Trust is currently run by a volunteer board of directors and one full-time staff member. While the cost of home construction will be borne by the homeowners, Trust operations and some site costs will be raised through donations, grants, and foundations.
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Please consider supporting the work of the Trust through a tax-deductible donation of…
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Printing and graphic design
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Website development
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Legal services
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Landscaping
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Engineering and Planning Board cost
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Site preparation costs (driveway, utilities…)
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Office space for Kennebunkport Heritage Housing Trust operations and volunteers
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Volunteer time for events and committees
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Land or home donations
Whether you choose to donate monetarily or give items from our Wish List, your commitment and support will directly help the Mission and Vision of the Kennebunkport Heritage Housing Trust.
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Together, we can build homes and ensure a thriving, sustainable future in Kennebunkport for years to come.
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