Buyer Qualifications « The City of Lakewood, Ohio -
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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.

New Income Guidelines for 2020, effective April 1, 2020

Household Size    Max Income

1                              $42,600

2                              $48,650

3                              $54,750

4                              $60,800

5                              $65,700

6                              $70,550

7                              $75,400

8                              $80,300

Please note, income guidelines may change without notice.