Boston HUD home - a townhouse or condo (2 beds, 1 baths)

Department of Neighborhood Development (DND) Income Restricted resale condo. 2 bedroom third floor condo includes: open floor plan, in-unitwasher / dryer, professionally managed and parking. Near the 32 Bus and Orange Line. This condo is subject to DND approval of buyer's eligibility application. To purchase the condo a 1 member household must make under $79,350, 2 household members (HM) must make under $90,650, 3 HM must make under $102,000 and 4 HM must make under $113,300. Please ask for income limits for larger households. Buyer(s) must have under $100,000 in liquid assets (please ask for specifics). Only up to $50,000 can be a gift. The asset limit does not include many kinds of retirement money and education savings. The prospective buyer shall obtain a 30-year fixed rate mortgage loan conforming with the Fannie Mae guidelines with a Loan to Value (LTV) ratio of less than or equal to 97%. The prospective buyer shall be a 1st time homebuyer.This HUD home is a townhouse or condo located in Boston. It offers 900.00 sq. ft. in size, 2 beds and 1 baths. Review its detailed information and determine if this Boston HUD has the qualities you are looking for.

Fannie Mae or Freddie Mac has foreclosed on this property because the owner couldn't meet their payments. Both are chartered by the U.S. Government to help lower-income families achieve homeownership. Special financing may be available.