Condominium in Boston, MA

Great opportunity to own an affordable pristine 1-bedroom condo in the heart of Boston! The unit has been updated with hardwood floor, recessed light, and upscale kitchen with granite countertop, breakfast bar, and stainless steel appliances with open living concept and large windows with central air conditioning. This is a Department of Neighborhood Development (DND) resale. Buyer must meet all qualifying requirements in order to be able to purchase it. Under the terms of the Covenants, the annual household income should be less than or equal to 110% Area Median Income (AMI). 1-person income limit is $127,400; 2-persons income limit is $145,550; 3-persons income limit is $163,800. The prospective buyer should obtain a 30-years fixed rate mortgage loan. Follow the Fannie Mae guidelines with a Loan to Value (LTV) ratio not exceeding 97% of the sale price. And you need to obtain a 1st-time homebuyer certificate and have less than $100,000 assets.