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
Welcome to the Neighborhood Housing Trust!
(Formerly the Kennebunkport Heritage Housing Trust)
Extensive research shows that affordable housing improves the financial, physical and social-emotional health and well-being of individuals and families. Safe, stable, affordable housing helps to create strong communities where people trust and rely on each other.
In Kennebunk, Kennebunkport, and Arundel supporting affordable housing means:
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the local workforce- first responders, teachers, town employees, business owners and their staff, etc.- can afford to live in the towns where they work;
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growing enrollment at our local elementary schools;
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balancing the aging population of our communities;
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contributing to a vital, diverse, engaged and welcoming year-round community;
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A big part of what makes our community special is the people, those born here and those who have discovered all we have to offer. The fishermen, local business owners, teachers, firefighters, neighbors, and even two presidents have woven themselves into the fabric of our towns. Our goal is to sustain our year-round mix of residents by supporting homes for families who contribute to the flavor that makes our corner of Maine so spectacular.
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