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 2019, the current income guidelines are as follows:

Household Size – Maximum Income

1 – $41,300

2 – $47,200

3 – $53,100

4 – $58,950

5 – $63,700

6 – $68,400

7 – $73,100

8 – $77,850

Effective June 28, 2019

Please note, income guidelines may change without notice.