FSC Homeownership Initiative

Affordable New Homes for Sale in the
 Terry Heights/ Hillendale Neighborhood

 

 

 

 



In partnership with
City of Huntsville Community Development

This one sold; Others available.

 

      Terry Heights Neighborhood, Huntsville

      2700 & 2902 Wilson Drive, 2902 & 2903 Battle Drive
3 Bedrooms/ 2 Baths  

- New construction

- Downpayment money available

- Granite countertops, ceramic tile floors              

- Upscale cabinets & fixtures

- Energy efficient

- Income must be <80% Huntsville AMI

  (see below)

Family

Size

Maximum

Income

1

38,100

2

43,550

3

49,000

4

54,400

5

58,800

6

63,150

7

67,500

8

71,850
A map of 2307 Bell Ave NW, Huntsville, AL 35816-4007. Click to see the map on MSN Maps & Directions

 

                                             

 

                 

 

 

 

 

 

 

 

Click map for larger view and directions.

 

 

 

Family Services Center is a certified Community Housing Development Organization (CHDO).

 
 Financial Assistance
 

Huntsville Downpayment Assistance Program (DAP)

The City of Huntsville Community Development Department provides downpayment and/or closing cost assistance for first time homebuyers in Huntsville.  The assistance is available on a first-come, first-served basis, until funds run out.   

 

$5000 is provided at time of closing to be used exclusively for the downpayment and/or closing costs associated with buying a single-family home

 

.  The assistance is in the form  of a 0% interest deferred loan with no monthly payments.  The loan is gradually forgiven by 20% per year and is totally forgiven after the buyer has lived in the home for five (5) years.

 

City-Approved Lenders for DAP: First Federal Mortgage, New South Federal Savings Bank, Norstar Mortgage, Platinum Mortgage, Progress Bank, Southwest Funding, WR Starkey Mortgage

 

Lender approval requirements are at http://www.hsvcity.com/comdev/dap.php

 


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