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 2024

Household Size    Max Income

1                              $54,450

2                              $62,200

3                              $70,000

4                              $77,750

5                              $84,000

6                              $90,200

7                              $96,450

8                              $102,650

Please note, income guidelines may change without notice.