2024 New Construction, two story home with existing older 2 car garage. Home has an appraised market value of $275,000, but is being sold $100,000 below market value to income qualified buyers. Additional down payment assistance of $15,000 available through the Greater Minnesota Housing Fund to qualified buyers based on need, which could lower the mortgage amount to $160,000.

Buyer’s gross annual income cannot exceed the following (household size in parenthesis) for Lake County $53,850 (1); $61,550 (2); $69,250 (3); $76,900 (4); $83,100 (5); $89,250 (6); $95,400 (7); $101,550 (8)