Actual sales price is $219,00 but buyer's only need to obtain a 1st mortgage and/or have down payment that totals $120,000! City will provide deferred 2nd mortgage of $74,000 and a forgivable 3rd mortgage of $25,000. Single story with a finished basement, 4 bedrooms, 2 baths, and a two car detached garage. This home was constructed in partnership with Western Technical College. Finishing up landscaping and interior 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
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.
