Buyer Qualifications « The City of Lakewood, Ohio -

Additional Information


Buyer Qualifications

  • Be able to put down 1½ percent of the purchase price
  • Cannot have owned a home within the last three years (exceptions single parents & displaced homemakers)
  • Meet current federal income guidelines. Income is calculated by including all members of the household over the age of 18.

As of 2016, the current income guidelines are as follows:

Household Size – Maximum Income

1 – $38,050

2 – $43,450

3 – $48,900

4 – $54,300

5 – $58,650

6 – $63,000

Please note, income guidelines may change without notice.