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2008-09 HOMES
R Crume - Coming Soon
Eastwood - Coming Soon
2007 HOMES
-ALL SOLD
To be eligible to purchase one of these home you must:
- be a first-time home buyer, meaning no one in your family has bought a home before.
- have a combined family income that does not exceed $60,000. In addition, your family income should be at least $40,000 to be able to qualify to buy the home.
- be able to afford 3% of the sale price for the down payment and cover closing costs. For example, on a home that sells for $150,000 you would need $4,500. In addition, you would need approximately $1,000 for closing costs, making the total about $5,500. It is okay if someone gives you the money to cover these costs.
- agree to live in the home as your primary residence.
- not sell the house until at least one year from the date that you buy it. If you do decide to sell the house after one year, you must sell to a family that meets the Homeward Dreams program criteria.
- meet normal underwriting and credit criteria to qualify for a loan. For example, total monthly payments on all your loans should not exceed 36% of your total family gross income.
- work for a Dream Builder partner.
Evergreen Federal's Affordable Housing Company is a subsidiary of Evergreen Federal Bank.