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Financial Info

Maximum Income Guidelines* (for recent SCHH homes):

 Charlestown, Exeter, North Kingstown, Richmond, South Kingstown

Family Size

1

2

3

4

5

6

Maximum

$30,600

$34,980

$39,360

$43,680

$47,220

$50,700

Hopkinton, Westerly

Family Size

1

2

3

4

5

6

Maximum

$33,180

$37,920

$42,660

$47,340

$51,180

$54,960

• Maximum income guideline is set annually by HUD. SCHH serves people who make less than 60% of the Local Median Area Income (LAMI).
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Estimated Monthly Payments* (for recent SCHH homes):

 

North Kingstown

Westerly
Taxes $101 $100
Ground Lease Fee $30 $30
Insurance $90 $95
Principal Payment $303 $303
Maintenance Escrow $65 $65
Homeowners’ Assn. $100 $0
Interest on Loan $0 $0
Monthly Total $689 $593

* Estimated costs are for illustration purposes only. The final sale price and minimum income guidelines for each house will be determined based upon a number of factors. All homeowners will pay a down payment of at least 1% at the time of closing on the house. It is suggested that families should have $3,000 available for closing costs and down payment.

 Please contact us at 401-213-6711 x300 for details on houses currently available.