Happy 2016! To start the year off, I’ll be repeating a blog series I posted back in August to introduce you to the great services available at National Affordable Housing Network (NAHN). Each is important and unique and I want to be certain that our readers are aware of the great opportunities to be found at NAHN. We will cover:
Up this week is Available Homes for Sale (no assembly required). Unlike Self Help Homes (covered here) which require a prospective home buyer to apply for a house and then help build it, Available Homes for Sale are complete and move-in ready. Just like in a traditional home sale, when the buyer has financing secured and the sale is approved the buyer moves in right away. As you will discover, we don’t like to be completely traditional so there are some special features to our Available Homes for Sale that make them both affordable and high quality:
The exact details of the sale of each house will be different for everyone, depending on your income level and credit. If interested, please contact us today. They will be sold first come, first served. At the time of writing there are five Available Homes for Sale in Uptown Butte:
W. Granite Townhomes
623 & 627 W Granite
Two units to be sold separately
2 bedroom (possible small 3rd bedroom)
Brand new with historically inspired design
Superinsulated and all electric = low heating bills
Low maintenance yard
819 S Main
2 bedroom 1 bath
built in 2006, looks brand new!
Superinsulated and all electric = low heating bills!
Well maintained and fenced-in back yard
644 S Wyoming
built in 2006
all electric =
These homes are affordable because they are energy efficient and may have special financing options (this depends on your unique situation). While the homes must sell for the prices they are listed for, income qualified applicants may be approved for special gap financing. This means that if you’re approved for less than the sale price, you can apply for a second mortgage. The exact details will depend on each individual’s eligibility, but generally the second mortgage is not due until the first mortgage is paid off, and is slowly forgiven over time. This means that if you stay in the home for a long time, you’ll never have to make a payment on that second mortgage.
So if you, or anyone you know, dreams of owning a home in Uptown Butte, and never thought you could afford one, call me now (406-782-8579). I’ll talk you through the details, open the houses for you to walk through, and schedule you for an informational meeting to discuss your eligibility with one of our credit counselors. Even if you think your credit isn’t good enough, call me anyway. NAHN is a HUD-certified credit counseling center and can help you understand how to improve your credit for free.
The grid below shows the maximum gross income you can earn in a year, by family size. The income of all adults (18+) living in the household is counted.