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 – $39,600

2 – $45,250

3 – $50,900

4 – $56,550

5 – $61,100

6 – $65,600

Please note, income guidelines may change without notice.