310 Summer Street, New Bedford, MA – FIRST TIME HOME BUYERS LOTTERY | Fall River / New Bedford Housing Partnership | Home Buyers Assistance

SOLD!

Realtor : Marie Cashman – eXp Realty (508) 965-0488
or mcashman@neves-cashmanrealty.com
Owner/Developer : Pace Community Housing Corporation

Applicants must qualify for MassHousing’s “Buy New Bedford” program through a participating lender from the Fall River/New Bedford Housing Partnership (see attached list).
Applicants must be pre-approved during the 30 day lottery period beginning: Septemder 9 to
October 9, 2020. All pre-approved applicants will be notified and entered into the lottery
drawing at a date to be determined after the 30-day preapproval period.
Applicants will have to provide a minimum of 1.5% (3,225.00) of the purchase price, from
their own funds, for the required minimum down-payment of 3% (6,450.00).
Down-payment, gap financing and closing cost assistance may be available from the City of
New Bedford in accordance with the City’s “Neighborhoods First” Program underwriting
guidelines. Applicants must be First Time Homebuyers and complete an approved First
Time Homebuyers Seminar.
Applicants gross annual household income cannot exceed 80% of the median family income
for the City of New Bedford as established by HUD as outlined in the lottery listing sheet available in this link.