250 E 2nd Street, North Bend 98045
**FAMILIES HAVE BEEN SELECTED**
Located in North Bend, WA, these homes are slated to be built and you could be one of the first new homeowners! The homes are conveniently located near various parks including William Henry Taylor Park, Torguson Park, Riverfront Park, Si View Park and EJ Roberts Park. Within a short distance, there are a variety of shops and restaurants to choose from. The homes also have access to multiple bus routes within a few block radius. There are numerous public, charter, and private school options nearby.
Unit Mix
7 units total:
3 bedroom, 1.5 bath
1250 sq. ft.
1 ADA accessible unit
Resident Profile
Must have income less than 80% AMI see below for more details
Homes will be resale restricted to provide for permanent affordability
Must be willing to partner and complete sweat equity hours
Must meet lender income and credit requirements
Financial Information
Habitat requires our homebuyers to finance the purchase of their home with a mortgage. Any portion of the projected purchase price which is not covered by the mortgage, cash down payment, and/or down payment assistance will be provided by Habitat.
Your monthly payment will be based on your income and household size. Homebuyers must show that they can afford this payment without being cost-burdened (defined as spending more than 35% for your gross income for housing).
- 5 of these homes will be sold to households whose income falls under 80% AMI; monthly housing payment range is estimated at $1675.00 to $2,300.00.
- 2 of these homes will be sold to households whose income falls under 50% AMI, monthly housing payment range is estimated at $1450.00 to $1750.00.
Download the Lender Letter below, and contact one of our lenders to get preapproved. Pre-approval is a requirement for your application to be considered.
| Household Size | 50% AMI | 80% AMI |
| 1 | $40,500 | $63,350 |
| 2 | $46,300 | $72,400 |
| 3 | $52,100 | $81,450 |
| 4 | $57,850 | $90,500 |
| 5 | $62,500 | $97,750 |
| 6 | $67,150 | $105,000 |
| 7 | $71,750 | $112,250 |
| 8 | $76,400 | $119,500 |
Sweat Equity
This is a Self-Help Homeownership Program, which enlists the buyers in the actual building of their home. Homebuyer applicants are required to contribute 20 hours of Sweat Equity each week during the construction of the home, 10 hours of which can be donated.
Availability
Applications will be available June 1st and are due July 30th.