1458 Redfield St- $209,000 ***PENDING OFFER***
Single Story home with a finished basement!! 4 Bedrooms, 2 baths and a detached two car garage. Qualified Purchasers may be eligible to receive a deferred second mortgage of up to $64,000 and a forgivable third mortgage of $25,000. The deferred second mortgage accrues at 3% simple interest, monthly payments are not required and the loan matures after 30 years. The forgivable third mortgage is 0% interest, $1,666.67 is forgiven each year the Purchaser lives at the property and is completely forgiven at year 15. Home must remain single family owner occupied.
Purchaser must be eligible for the City's Replacement Housing Program. To purchase a Replacement Housing home, the Buyer must have a gross income below 80% of County Median Income (please see income chart below) and qualify for a conventional 30 year mortgage. Buyers must complete an application for the Program.
Applications for 1458 Redfield St are due on Tuesday, July 7, 2020. Please contact Dawn Reinhart at 608-789-7360 or firstname.lastname@example.org with questions.
|2020 Maximum Gross Income Limits||Number of Residents|
NOTE: Buyers must submit a formal written offer to purchase AND a Replacement Housing Application. Offers to purchase have to be approved by the Community Development Committee (CDC), the CDC meets the 2nd Tuesday of the month. Offers to purchase and applications must be submitted by the 1st Tuesday to be considered for approval. Incomplete offers and applications will not be considered.
The homes listed below are under construction and are anticipated to be completed as noted below. Please be advised that the anticipated completion date is only an estimate. All homes have an owner occupied deed restriction.
Property Address & Completion Date:
- 2130 Kane St: September 2020
- 2918 21st Terrace: September 2020
- 1716 Avon St Spring 2021