2024 New Construction, single level living. Home has an appraised market value of $230,000, but is being sold $60,000 below market value to income qualified buyers. Additional down payment assistance of $15,000 available through the Greater Minnesota Housing Fund to qualified buyers based on need, which could lower the mortgage amount to $155,000. An additional $30,000 in down payment assistance is available from Fond Du Lac for enrolled tribal members, which would further lower cost to $125,000. Buyer’s gross annual income cannot exceed the following (household size in parenthesis): $53,350 (1); $60,950 (2); $68,550 (3); $76,150 (4); $82,250 (5); $88,350 (6) $94,450 (7) $100,550 (8).
Listing courtesy of Jim Philbin, 1 Roof Community Housing
