Alexander Woods Townhomes is an exciting new community that features a nurturing lifestyle rooted in comfort and convenience and is being developed by a County non-profit housing partner that over the past 20 years, has provided over 625 families and new home in the Tampa Bay Area. This community will have 80 townhomes including a clubhouse, pool, playground & picnic area. Homes start in the Low $100's with final price set by the lender's appraisal. All buyers must meet eligibility requirements of the County's homebuyer program, specifically, 1) Conventional, FHA or VA mortgage financing by a County Certified Lender, 2) occupy the property as primary residence, 3) cannot currently own a home, 4) total annual household income based on family size cannot exceed 120% of the Area Median Income (#Persons/Annual Income - 1/$48,240, 2/$55,200, 3/$62,040, 4/$68,880, 5/$74,400, 6/$79,920), 5) not have liquid assets over $20,000 excluding retirement accounts, 6) attend a homebuyer class before closing. If the homebuyer meets these requirements, the buyer's typical out of pocket costs are approximately $2,000 including the $500 deposit and property appraisal fee with remainder due at closing. The County provides down payment and closing cost assistance (DPA) in the form of a 2nd mortgage with terms of 0% and $0 monthly payment and forgiven 5% annually. This DPA is provided based upon the buyer's need as determined by certain minimum and maximum housing and debt ratios. Come by and take a tour of the Model Center! Brokered And Advertised By: NANCY D GRIFFIN, LIC (779111) Listing Agent: NANCY GRIFFIN
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