The one-story homes will be sold - net of the assistance listed above - for a sale price of $220,000.
A minimum downpayment of 1% will be utilized to pay the upfront cost of mortgage insurance. And closing costs are likely to exceed the MaineHousing assistance by about $1,000. Thus, homebuyers will have to demonstrate to the lender that they have at least $3,100 in available cash for closing. Additional downpayments can be utilized to reduce the mortgage below $220,000 if desired and available.
The one-story homes will be sold - net of the assistance listed above - for a sale price of $220,000.
A minimum downpayment of 1% will be utilized to pay the upfront cost of mortgage insurance. And closing costs are likely to exceed the MaineHousing assistance by about $1,000. Thus, homebuyers will have to demonstrate to the lender that they have at least $3,100 in available cash for closing. Additional downpayments can be utilized to reduce the mortgage below $220,000 if desired and available.
The one-story homes will be sold - net of the assistance listed above - for a sale price of $220,000.
A minimum downpayment of 1% will be utilized to pay the upfront cost of mortgage insurance. And closing costs are likely to exceed the MaineHousing assistance by about $1,000. Thus, homebuyers will have to demonstrate to the lender that they have at least $3,100 in available cash for closing. Additional downpayments can be utilized to reduce the mortgage below $220,000 if desired and available.
Important Information
Important Information
abouTLeah
Leah is originally from Kennebunkport and a graduate of Kennebunkport High School. She and her husband Ryan are Kennebunkport residents and own a building, remodeling and real estate investing company. Her three children, who attend the local school system are fourth generation “townies.” Leah is a self described "biggest cheerleader" for Kennebunkport Consolidated School and chair for the schools Parent and Teacher Association's (KCPTA) Annual Circus Smirkus fundraiser. Leah also I serves on the RSU 21 Capital Campaign Committee, working to raise necessary funds for a new stadium at Kennebunk High School.
"I have a deep love for Kennebunkport and desire to make sure that other families have the opportunity to raise fourth generation (and first, second and third generation!) “townies” here, as well as affordably retire in our community."
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