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
aboutSARAH
Born and raised in Kennebunkport , Sarah is proud to be raising her three children in the same community and schools that nurtured her. Currently Sarah works for Penn State University as the Learning & Development Director for a training and research project. Sarah brings nearly 18 years of professional experience as a social worker in local non-profits and Maine state government with extensive knowledge in community organizing, resident and neighborhood engagement and collaborative solution-building.
"I am grateful for the opportunities and safety that our small vacation town provided me growing up. I want to ensure that while the heritage and history of Kennebunkport is not lost, the community remains thriving, vital and responsive to the needs of the people. I am committed to ensuring the future of the town, all its residents and the infrastructure are secure for generations to come."