Please join us for an Open House of the City of Walnut Creek's first Affordable Housing resale.
Nate Ellis with GMAC Mortgage is sponsoring an Open House and First Time Home Buyer Workshop on:
Tuesday May 15th
from 4pm-7pm
at The Montecito Terrace Room
1315 Alma Ave.
Walnut Creek 94596.
This 2 bed 2 bath condo must sell for $274,000. New comparable units are selling for over $500,000. Over 100 people have expressed an interest in purchasing the property since it became available on April 18th. A buyer from the eligible pool will allowed to write an offer on May 21st.
To be eligible, the buyer must qualify as a First Time Home Buyer (FTHB), defined as not having owned a primary residence in the past 3 years. They must not exceed the income requirements (Family of: 2 - $80,500; 3 - $90,500; 4 - $100,600). The buyer must also qualify for financing and have a 5% down payment.
If the eligible buyer happens to currently work or live in Walnut Creek, they may be eligible for an additional $40,000 in down payment assistance from the city of Walnut Creek for this property.
All are welcome to attend the Open House and Home Buyer Workshop.
To learn more about this property, or other homes contact:
Nate Ellis
Residential Pacific Mortgage
888-808-NATE (6283)
Nate@BUILDitBUYitREFIit.com
OR
City of Walnut Creek Community Development Department - Housing
P.O. Box 8039 1666 North Main Street Walnut Creek, CA 94596
For sale by owner. This information was gathered from third party sources including the seller, City of Walnut Creek Housing and public records without further verification. GMAC Mortgage, LLC disclaims any and all representations or warranties as to the accuracy of this information. Prospective buyers are advised to verify all information and to retain appropriate professionals (inspectors, engineers, attorneys, etc.) to obtain advice or assistance. (Note GMAC Mortgage, LLC has not verified the square footage of the home) This listing is subject to change or withdrawal without notice. Borrower eligibility is subject to income limitations and first time home buyer eligibility. Income limitations are subject to change. Resale restrictions apply. Ask your GMAC Mortgage loan officer for details. ©2007 GMAC Mortgage LLC (f/k/a GMAC Mortgage Corporation) Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. GMAC is a registered service mark. For sale by owner. This information was gathered from third party sources including the seller, City of Walnut Creek Housing and public records without further verification. GMAC Mortgage, LLC disclaims any and all representations or warranties as to the accuracy of this information. Prospective buyers are advised to verify all information and to retain appropriate professionals (inspectors, engineers, attorneys, etc.) to obtain advice or assistance. (Note GMAC Mortgage, LLC has not verified the square footage of the home) This listing is subject to change or withdrawal without notice. Borrower eligibility is subject to income limitations and first time home buyer eligibility. Income limitations are subject to change. Resale restrictions apply. Ask your GMAC Mortgage loan officer for details. ©2007 GMAC Mortgage LLC (f/k/a GMAC Mortgage Corporation) Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. GMAC is a registered service mark.
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