Actual sales price is $231,000 but buyer only need to obtain a 1st mortgage and/or have down payment that totals $120,000! City will provide deferred 2nd mortgage of $86,000 and a forgivable 3rd mortgage of $25,000. Single story with a finished basement, 4 bedrooms, 2 baths, and a 2 car garage. This home was constructed in partnership with Western Technical College. Finishing up landscaping now. Deferred 2nd mortgage accrues at 3% simple interest, monthly payments are not required and the loan matures after 30 years. The forgivable 3rd mortgage is 0% interest. Purchaser shall have financing of at least $120,000 and must meet the gross income eligibility requirements and be eligible for the City's Replacement Housing Program. Must remain single family owner occupied. Submit offers by 1/5/21
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