22 Rhine Road in Yarmouth Port

Check our financing information for details.

The Area Median Income (AMI) is established for Barnstable County by the Department of Housing and Urban Development (HUD). In order to be income eligible, your anticipated annual gross income for all current adult household members must be at or below the 80% AMI HUD Income Limits for Barnstable County as shown in chart below.

Gross annual income refers to all earnings before any deductions are made.

Household assets include:

• -Cash in savings accounts, checking accounts, and safety deposit boxes, etc.
• -Certificates of deposit, bonds, stocks, treasury bills, mutual funds, and money market accounts.
• -Revocable trusts.
• -Equity in rental property or other capital accounts.
• -Cash value of life insurance policies available to the applicant before death.
• -Personal property held as an investment: Gems, jewelry, coin collections, or antique cars, etc. Personal jewelry is NOT considered an asset.
• -Lump sum receipts or one-time receipts. (i.e. inheritance, capital gains, one-time lottery winnings, victim’s restitution, settlements on insurance claims (including health and accident insurance, worker’s compensation, and personal or property losses), and any other amounts that are not intended as periodic payments.
• -A mortgage or deed of trust held by an applicant.
• -IRA, 401(k), 403B, retirement and/or pension funds (if employed). *These will include only amounts the applicant can withdraw without retiring or terminating employment, minus any penalties or transaction fees. (You will be responsible for determining and verifying how much of these funds are available to you as cash.)

Household assets DO NOT include:

• -Personal property (i.e. clothing, furniture, cars, wedding ring and other jewelry that is not held as an investment, vehicles specially equipped for persons with disabilities).
• -Term life insurance policies (i.e. policies with no cash value).
• -Equity in the cooperative unit in which the applicant lives.
• -Assets that are part of an active business. Business DOES NOT include rental of properties that are held as investments unless such properties are the applicant’s main source of income.
• -Assets that are not effectively owned by the applicant.

Check our resources and documents for homebuyers.

The home must be your primary residence. Renting out your affordable home is not permitted.

Households that maximize the number of bedrooms have preference, i.e. a household requiring three bedrooms would have preference over a smaller household for a three-bedroom home.

The following criteria are considered to determine if a household maximizes a unit:

• -At least one occupant per bedroom.
• -Married or unmarried couples must share a bedroom.
• -An increase in the number of bedrooms required may be allowed if there is a medical necessity for someone to have a separate bedroom. This would require that a physician certify the necessity.
• -An unborn child may be counted as a household member if proof of pregnancy is submitted with the application.
• -If the applicant is in the process of a divorce or separation, the applicant must provide proof that the divorce or separation has begun or has been finalized.