The sales price is $169,000 however qualified Purchasers may be eligible to receive a deferred second mortgage of up to $49,000 and a forgivable third mortgage of $15,000 to help make monthly mortgage payments affordable. Purchaser MUST meet the gross income eligibility requirements. The deferred second mortgage accrues at 3% simple interest, monthly payments are not required and the loan matures after 30 years. The forgivable third mortgage is 0% interest, $1,000 is forgiven each year the Purchaser lives at the property. Purchaser shall provide $105,000 of investment through down payment and/or financing. Purchaser must be eligible for the City's Replacement Housing Program. Replacement Housing Applications are available. Home must remain single family owner occupied.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
