The sales price is $159,300 however qualified Purchasers may receive a deferred second mortgage of up to $54,300 to ensure monthly mortgage payments are affordable. Deferred mortgages accrue at 3% simple interest per annum, interest will cease to accrue when it reaches half of the principal value and matures after 30 years. Purchaser shall provide $105,000 of investment, through down payment and/or financing. Purchaser must meet the gross income eligibility requirements and be eligible for the City's Replacement Housing Program. Please refer to the Replacement Housing Application for a full list of eligibility requirements. Home must remain single family owner occupied. The home features custom-made cabinets, engineered hardwood floors, 2 egress windows & stubbed plumbing in the basement.
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.
