Woodbury First-time Home Ownership Program
Woodbury now has a First-time Home Ownership Program that is designed to encourage home ownership in the City of Woodbury by providing financing to low and moderate income first-time purchasers.
This program is a low-interest, deferred loan of up to $25,000 to qualified families who earn no more then 80% of the area mediam income. The current amount of $64,000 for a family of four.
Any person or household that has never owned a home or has not owned a home in the last three years, qualify as a first time home buyer.
The purchase price of the property may not exceed $236,500.
All single-family detached houses, townhomes and condo units are eligible for this program.
Many cities now are creating new programs for 1st time home buyers.
For more information please contact our office.
The Janos Group
651-407-7803
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