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Townhouse Residential property with 3 bedroom(s), 2 bathroom(s) in Roxbury Boston MA.
Mayor’s Office Of Housing (MOH) Income Restricted Resale Condo In Roxbury. This 3 bedroom 3 level town house condo includes: in-unit washer / dryer, hardwood floors, common outside space, extra storage & 1 outside parking spot (#2). This condo is subject to MOH approval of buyer’s eligibility application. To purchase the condo a 1 household member (HM) must make under $103,900 2 HM must make under $118,801 and a 3 HM under $133,600. Please ask on larger household sizes. The prospective buyer(s) shall obtain a 30-year fixed rate mortgage loan conforming with the Fannie Mae guidelines with a Loan to Value (LTV) ratio of less than or equal to 97% of the maximum resale price calculated. Buyer(s) must have under $100,000 in liquid assets. Only up to $50,000 can be a gift. The asset limit does not include many kinds of retirement money and education savings. The prospective buyer(s) shall be a 1st time home buyer.
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