Subject to release of prior contract. Great home, updated! All new windows,doors,kit counter,sink & appl.,bathrooms,most plumb/elec. HWT & furn. 2 yrs new. New floor coverings.Woodburning F.P inspected & working. Huge new concrete patio w/cover. $70K list price avail. only to buyers who qualify for full subsidy amt of $40K. Qualified buyers must submit a Homebuyer App. with the agency; complete a designated Homebuyer Education Course; demonstrate income of 80% or less of AMI Guidelines ($36,400- family of 1, $41,600-family of 2, $46,800- of 3, $52,000- 4, etc)present a letter of pre-approval from a qualified financial institution.(i.e.,if client qualifies for a $98K loan, subsidy amount will be $12K, presented in the form of a 2nd mortgage, 0% deferred, due upon sale or transfer.If client qualifies for a $72K loan, the subsidy amount will be $38K under the same deferment terms.) Property is appraised at $110,000, recorded transfer price will list at $110K, regardless of subsidy amt.
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