10/01/2024
AFFORDABLE HOUSING UNITS FOR SALE IN TAUNTON
Income-restricted units at 68 Church Green, Taunton, MA. This new construction development consists of 30 income-restricted townhouse-style condos. Units offered on a first-come, first-serve basis.
View a video walkthrough at https://www.youtube.com/watch?v=LFbpGJiVgB4
Restrictions to Purchase: Buyer must be a First-Time Home Buyer
Maximum Income Limits:
1-Person: $94,220
2-Person: $107,680
3-Person: $121,140
4-Person: $134,600
5-Person: $143,368
Maximum Asset Limit:
$75,000 (does not include retirement)
Mortgage Preapproval Requirements:
Mortgage loan must be a 30-year fully amortizing mortgage for not more than 97% of the purchase price with a fixed interest rate.
There is a minimum down payment of at least 3% of the purchase price.
First-Time Homebuyer Mortgage / Down Payment Assistance Information:
MassHousing - Workforce Advantage
Minimum Downpayment from Borrower:
$0 ($30,000 down payment and closing cost assistance available)
$22,000 towards the down payment and $8,000 towards closing costs
Example of Estimated Monthly Payment:
$282,000 purchase price
Total down payment: $22,000 (this can be paid through the down payment assistance program)
Estimated Monthly Payments:
$1,435.73 Principle and Interest (using a 5.25% interest rate – rates vary)
$370 – Monthly condo fee
$279.88 – Monthly taxes
= $2,085.61 *Estimated total monthly payment*
The first step in reserving a unit is to complete the Income and Asset Eligibility application. This can be completed online here:
https://maloneyproperties.jotform.com/241755298960974
**Pro-Home, Inc. is not affiliated with Maloney Properties and does not guarantee the information above. All inquiries should be made to the contact information listed at https://www.maloneyproperties.com/realty
