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
KHHT In The News!
Welcome home: Applications for Kennebunkport affordable homes open Jan. 1.
KENNEBUNKPORT – Looking to live in Kennebunkport? Perhaps you were raised in the community or work here, and have looked in vain for a home you can afford. Perhaps your kids attend Consolidated School. Perhaps you want to return to the area after living away and raise your family in Kennebunkport – if you could just find a home with a price tag that works with your income.
Buyers sought for 6 affordable homes in Kennebunkport
KENNEBUNKPORT, Maine — The Housing Trust is seeking eligible households for its first neighborhood, Heritage Woods, in Kennebunkport.
Applications will be accepted on a rolling basis beginning Jan. 1, 2021 and must be received by Jan. 22, 2021.
Kennebunkport Housing Trust on way to meeting $150K fundraising goal
KENNEBUNKPORT - Now that Kennebunkport Heritage Housing Trust has received final approval for the Heritage Woods subdivision from the Kennebunkport Planning Board, KHHT is moving forward to reach its fundraising goal to support its first neighborhood.
The first homes in the Heritage Woods community will be constructed next summer with the final homes in place by fall of 2021....
Movers and Shakers: Kennebunkport Heritage Housing Trust making home ownership affordable
KENNEBUNKPORT - The Kennebunkport Heritage Housing Trust formed in 2018 with one mission in mind: build 25 affordable homes in town by the year 2025.
The project is intended to attract young families to the community and boost enrollment at the local elementary school, increase the town’s year-round population, address values of homes that are higher than the county average, and provide a large part of the local workforce that lives out of town with affordable options here in the community they serve...
Heritage Housing Trust hosting fundraiser for affordable-housing project
KENNEBUNKPORT - Heritage Housing Trust is offering a night of live entertainment and dancing at Vinegar Hill Music Theatre on Thursday, Nov. 7, to raise funds towards its ongoing mission to build 25 permanently affordable and year-round homes in Kennebunkport by the year 2025...
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Kennebunkport trust offers new approach to adding workforce housing
KENNEBUNKPORT, Maine — Many well-heeled Seacoast communities are grappling with ways to encourage economic diversity among residents...
Heritage Housing Trust works on affordable housing effort in Kennebunkport
KENNEBUNKPORT (WGME)-- The town of Kennebunkport and the Kennebunkport Heritage Housing Trust are working together to build a handful of affordable homes at an old ice rink location...
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