Buyer Qualifications - The City of Lakewood, Ohio
Photo Credit: Aerial Agents / aerialagents.com

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.

New Income Guidelines for 2025

Household Size    Max Income

1                              $55,650

2                              $63,600

3                              $71,550

4                              $79,500

5                              $85,900

6                              $92,250

7                              $98,600

8                              $104,950

Please note, income guidelines may change without notice.