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211 Holcomb Ave.

For Sale: 211 Holcomb Ave.



211 Holcomb Ave.

Union Park Neighborhood 

Des Moines 


SALES PRICE: $145,000
Down Payment Assistance to Income Qualified Buyers 
*6 Year Declining Tax Abatement*

Estimated monthly payment
Sale price of home $145,000

Down Payment Assistance   $ 30,000

Required Mortgage Financing $115,000

30 year fixed rate mortgage @ 5.5%   

Estimated Monthly Principle & Interest $655

First year Abated Taxes $  75

Estimated Property Insurance  $  60

Projected Monthly House Payment Year 1: $790



GENERAL

  • 1,192 sq. ft. 
  • Three Bedroom Ranch 
  • Living Room 
  • Kitchen with Dining Area 
  • One Bathroom 
  • Oak Woodwork & Cabinets 
  • Energy Star Appliances: Stove, Refrigerator and Dishwasher 

BUILDING 

  • Two Car Detached Garage 
  • 90%+ Efficient Gas Furnace 
  • 14 SEER Central Air 
  • R-40 Attic Insulation 
  • Double Hung, Double Pane, Energy Efficient Windows 
  • Hardi Plank Siding 

To apply for a HOME, Inc. property, clients must complete and return a homeownership readiness questionnaire and participate in a homeownership readiness assessment with the Homeownership Coordinator. In determining a client’s readiness to buy, an Action Plan is developed with steps to meeting conventional underwriting criteria. All loans are conventional fixed rate mortgages and include HOME, Inc.’s grant assistance.

All clients applying for HOME, Inc. properties must have an annual gross income between 50% and 75% of Area Median Income. Minimum to be considered is $28,000.

Family Size   Maximum

1 $43,155

2 $49,320

3 $55,485

4 $61,650

5 $66,582

6 $71,514


For more information and a readiness assessment, contact:


HOME, Inc. 

1618 6th Ave | Des Moines, IA  50314 | 515.243.1277 

www.homeincdsm.org



HOME, Inc. is a non-profit housing organization offering a variety of financing options for affordable homeownership. *Sale price is based on financing needed from buyer. Assistance can be provided in securing conventional mortgage financing.