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Photo: fairfaxcounty.gov
The Lowell McLean - Workforce Dwelling Unit condo (120% of area median income)
6718 Lowell Avenue, McLean, VA 22101
Home for saleFirst comeFirst-time buyers
One 3-bedroom condo for sale in McLean.
Cost
Area median income is the middle income in the area: half of households earn more, and half earn less.
| Size | Homes | Price | Income level |
|---|---|---|---|
| 3 bedrooms | 1 | $450,000 | Up to 120% of the area's median income |
Deposit
$1,000 good faith deposit, due when the contract is signed
Other costs
Required buyer funds and estimated closing costs: $25,808 (based on a 2% down payment).Condo fee: $742.08 each.
Deadline
When to apply
Any time, until the home is taken.
Who can apply
Open to
First-time home buyers, earning under the limits below.
Household size
1 to 2 people
Other rules from the listing
Area median income is the middle income in the area: half of households earn more, and half earn less.
- Must hold a valid Passport to Homeownership.
- Household income at or below 120% of area median income.
- Household of 1 or 2 people.
Income limits
The most your whole household can earn in a year, before taxes.
| Household | Maximum income |
|---|---|
| 1 person | $137,700 |
| 2 people | $157,350 |
Who gets priority
These applicants move up the list.
- Larger households have priority
How to apply
Ways to apply
Documents you'll need
- Program application signed by every family member age 18 or older
- Lender pre-approval letter on the county's form
- Done in the past 90 days
- Signed by the lender and all adults on the deed or loan
- Proof of citizenship or legal status for members on the deed or loan
- U.S. Immigration papers for other members
- Homeownership education certificate from Virginia Housing
- Dated within 2 years
- Driver's license for every member age 18 or older
- Copy of your current rental lease agreement
- Completed household spending plan
- Credit reports with scores for everyone on the deed or loan (all three bureaus, pulled in the past 90 days)
- Three months of your most recent pay stubs
- Two months of your most recent statements for all bank accounts
- Most recent statement for all other assets
- Such as pensions
- Retirement accounts and stocks
- Most recent federal tax return for every member age 18 or older
- Federal tax transcript from the IRS website for every member age 18 or older
- Including non-filers
- If it applies: divorce decree
- Death certificate for a widowed applicant
- Or student status
What happens next
- 1Get a valid Passport to Homeownership.
Contact
Phone
Office hours
8 am to 4:30 pmMonday to Friday
Details
Good to know
2 bathrooms, about 900 square feet.Homeowners association fee is $742.08 a month.
Source
Listing on fairfaxcounty.gov ↗Confirm the details with the building or office before you apply.
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