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.

New Income Guidelines for 2021

Household Size    Max Income

1                              $44,050

2                              $50,350

3                              $56,650

4                              $62,900

5                              $67,950

6                              $73,000

7                              $78,000

8                              $83,050

Please note, income guidelines may change without notice.