Woodbury First-Time Homeownership Program
The city of Woodbury is working in tandem with the Greater Metropolitan Housing Corporation to facilitate this program — it’s designed to encourage first time homeownership in the city of Woodbury. It applies to moderate-income first time homebuyers. These are low interest, deferred loans up to $25,000 and are accessible to qualified applicants who earn no more than 80% of the median income of Woodbury.
First time homebuyers are those who have never owned a home or haven’t owned a home in the previous three years. Town homes, condo units and single-family detached homes all qualify. The purchase price cannot exceed $290,500.
- Must be first time homebuyers.
- Low interest, deferred loans up to $25,000.
- Home must located within the city limits of Woodbury.
- Purchase price cannot exceed $290,500.
City of Woodbury Foreclosure Purchase Program
The city of Woodbury is working in part with the Greater Metropolitan Housing Corporation to encourage the purchase of foreclosed properties. This program is meant to provide financing to low and moderate-income buyers. These low-interest, deferred loans of up to $25,000 are accessible to qualified applicants who earn no more than 115% of the Woodbury median income, capped off at $95,000 per household.
The loans may be used for closing costs and for down payment assistance. The home to be purchased cannot exceed $290,500. Foreclosed condos, townhomes and single-family detached homes are all eligible.
Buying your first home can be overwhelming. Let us help! We are committed to finding you any grant monies or assistance programs available to you. Our buyer agent services are FREE! Please contact us for more information. We have assisted hundreds of first time home buyers and look forward to the opportunity to assist you!