2680 Leighton, Carlsbad, CA 92009

Property Description

*Affordable Housing Program* Maximum Buyer Income Eligibility Requirements: Family Size of 1 Person = $44,200, 2 People = $50,500, 3 People = $56,800, 4 People = $63,100, 5 People = $68,150. City of Carlsbad Affordable Housing Program Guidelines as well as all Frequently Asked Questions (FAQs) can be found by Googling the neighborhood name: Mulberry at Bressi Ranch [Supplement]: First Step for Buyers paying All Cash:Please be aware that you still need to provide evidence of consistent income of $1,500/month or greater (and potentially higher depending on your purchase price). First Step for Buyers needing a Loan:Please be aware that you will also need a sizable down payment. For example: households making $44,200/year or less will need to budget a down payment of $65,000 or greater. Sellers are requiring interested buyer to obtain a pre approval letter from CHW Lending (Cheryl Zenski) prior to viewing. 1.Low income buyers must have a household making equal to or less than 80 percent of the Area Median Income at the time of purchase. 2.Home must be owner's principle residence. 3.If you choose to sell within 15 years from date of purchase, city will determine new maximum sale price using low-income criteria & area median income. 4.Monthly payments (including all fees: mortgage, HOA, property tax, insurance, estimated utilities, etc.) cannot exceed 35% of the household's total monthly income at the time of purchase. 5.City of Carlsbad holds a silent second, due after 30 years from the purchase date, for the difference between the sales price and the appraised value at time of purchase. All Frequently Asked Questions (FAQs) as well as City of Carlsbad Program Guidelines can be found by Googling the neighborhood name: Mulberry at Bressi Ranch