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
abouTJULIE
Julie has enjoyed the southern Maine coast since she was a child spending summers in the Biddeford Pool area. She and her husband Russ are 25-year residents of Kennebunkport. Julie is a Realtor® and Broker with 20 years’ experience working in the local market. Julie has served on the York County Council of Realtors in many capacities and most recently as president. On a national level she is serving a second term as Maine state representative to the National Association of Realtors Professional Standards Committee.
"“As a young married couple Russ and I purchased our home in Kennebunkport on what was then an old dirt road. Almost immediately after we realized that Kennebunkport was home. We raised two boys here and consider ourselves blessed to have done so and to be part of this wonderful community. I joined the KHHT because the opportunity we had as a young family is no longer available for today’s young families.”
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