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
Heritage Homeownership
We are working hard to have our next neighborhood of homes available for purchase in early 2025. While that may seem like a long ways off, we are looking forward to identifying potential home buyers in 2023 so that we have time to work with applicants, as needed, to prepare them for home ownership. Please use the form linked below to share your interest in becoming a Heritage Homeowner. The information you provide will be kept confidential and a member of KHHT will contact you, when a homeownership opportunity becomes available, to discuss your interest.
Avesta Housing offers homeownership education classes and financial counseling and their homeownership center is a great place to start your journey to a new home!
Click on the blue box below to access the interest application.
Housing eligibility is determined, in part, by a household's income. Half of the homes we build are sold to households earning up to 80% of the Area Median Income, AMI, and half are sold to households earning up to 120% of the Area Median Income. Current AMI is shown below.
