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
Community Food Drive to Benefit Community Outreach Services
In December 2021, the Kennebunkport Heritage Housing Trust and Habitat for Humanity partnered together to host a Community Food Drive to benefit Community Outreach Services (COS).
With the incredible help from TWENTY FOUR (24!) community drop off locations located in Kennebunkport, Kennebunk and Arundel, we were able to collect and deliver 1,843.3 pounds of food to Community Outreach Services. A HUGE thank you to our drop off locations and everyone who contributed- together, we really can make a difference.
Why a Community Food Drive? We believe that access to consistent food and safe housing are basic human rights. For many in Maine and right here within our three towns, the lack of either or both is a very real problem. While the missions of the KHHT and Habitat for Humanity focus on creating affordable housing, we also believe in the value of strong, thriving communities. For many, housing related costs are often the largest expenses that households can have; and the risk and likelihood of individuals and families experiencing food insecurity is greater for those who cannot access affordable, safe housing. We know there can be far reaching effects- on school participation, work performance, and on physical and mental health- when adults and children worry about where they will sleep or when they will have their next meal. With your help, we can make a difference by supporting our communities this Winter season.
