Geographical Area: Woodbury

Elgible Properties: Single Family Dwellings, Townhomes, twin homes or condominiums. Purchase Price must be below $256,500.00

Maximum Funds: $25,000.00 3% Interest. Interest is paid monthly while principal is deferred

Availability of Funds: First Come First Served basis

Repayment Requirements: Principal is deffered for 30 years or until sale of property, transfer of title or if the property is no longer owner occupied

Maximum Income: At or below 80% of the Area Median Income

Minimum Buyer Investment: 5% of the total cost of purchase

First Time Buyer Only: Yes

 

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