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.

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

Household Size – Maximum Income

1 – $37,350

2 – $42,650

3 – $48,000

4 – $53,300

5 – $57,600

6 – $61,850

Please note, income guidelines may change without notice.