This Home is part of the City of San Marcos Affordable Housing Program. Live in Beautiful San Marcos/San Elijo for a fraction of the cost. This is NOT a 1st time home buyer program, but Income Restrictions apply. Other homes in this complex are selling at and above $500,000! Its a beautiful 3 bedroom, 2 1/2 bath with bonus room/office/optional bedroom. To Qualify, the buyer(s) can not make more than 100% of area median income. See supplement for details. Household size and 100% of median annual income limit: 1 Person Household, $60,450, 2 Person Household, $69,050, 3 Person Household, $77,700, 4 Person Household, $86,300, 5 Person Household, $93,250, 6 Person Household, $100,150, 7 Person Household, $107,050. Other criteria: Legal Resident of the US. May not own any other real estate. May not have more than 100% of the current annual area median income in liquid assets (checking, savings, CDs, money market, stocks, bonds, etc). The liquid assets limit is what remains AFTER accounting for your down payment. There will be a deed restriction placed on your purchase limiting it to being owner occupied only, so this can never be a rental property for you.
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.
