Attention first-time home buyers! Purchase a $440,000 home with a $375,000 mortgage pre-approval! Housing Initiative Partnership, Inc., a local non-profit housing developer, is offering an incredible opportunity to purchase this new construction, high efficiency NET ZERO home! In order to purchase the home, you must be a first-time home buyer at or below 80% of the median area income and must use the property as your primary residence. From the inviting front porch, enter into a wide open main living level with tons of natural light, anchored by a beautifully appointed kitchen with granite countertops and stainless appliances. Upstairs, the light and airy feel continues. The primary suite offers a full primary bathroom and two closets, and the two additional bedrooms and full bathroom are spacious and bright. Out back, enjoy a large and fully fenced back yard! The home is super energy efficient, with triple pane windows, upgraded insulation, very efficient appliances and systems, and owned solar panels! The sale price is $440,000 but buyers only need to qualify for $375,000 loan. The non-profit seller, HIP, is offering a 2nd Deed of Trust for $65,000 with zero interest and zero payments, which is fully forgiven after living in the property for 20 years as your primary residence. What a deal!! HIP encourages the use of Pathway to Purchase/MMP and encourages home inspections.
239 days
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339
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17
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Zillow last checked:
Listing updated:
Listed by:
Michael Cerrito301-908-1039,
Cerrito Realty, LLC(301) 780-5880,
Co-Listing Agent: Andrew Cerrito301-938-1592,
Cerrito Realty, LLC
Source: Bright MLS,MLS#: MDPG2183344
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1
Main level bathrooms: 1
Basement
Area: 0
Heating
ENERGY STAR Qualified Equipment, Heat Pump, Programmable Thermostat, Other, Electric
Cooling
Central Air, Electric, Other
Appliances
Included: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, Microwave, Oven/Range - Electric, Stainless Steel Appliance(s), Electric Water Heater, Water Heater
Laundry: Dryer In Unit, Washer In Unit
Features
Air Filter System, Combination Kitchen/Dining, Combination Kitchen/Living, Open Floorplan, Kitchen Island, Primary Bath(s), Recessed Lighting
Flooring: Laminate, Carpet
Doors: ENERGY STAR Qualified Doors
Windows: Energy Efficient, ENERGY STAR Qualified Windows, Low Emissivity Windows, Insulated Windows, Triple Pane Windows
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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