You will need to provide copies of the most recent three years’ federal income tax returns as well as any corresponding W2’s and 1099’s, household information, current and previous employer information, and asset and liability information, including bank account statements. […]
For more information, please read our Program Guidelines for the jurisdiction that you are interest in (Town, County, or Bishop) located on the “Buy a Home” page of our website.
MLH offers multiple types of down payment assistance in the Town of Mammoth Lakes, unincorporated Mono County, and the City of Bishop when grant funds are available. Most of these grant programs work as a deferred-payment junior loans at 0-3% […]
A deed restriction is a use and resale agreement between the buyer and MLH. Among other things, a deed/resale restriction regulates the maximum resale value to a below market rate, thereby providing locals with another real estate option. A homebuyer […]
MLH is not a lender nor does it work exclusively with one lender. MLH does encourage applicants to talk with local banks and mortgage lenders rather than using an internet search, since local lenders have excellent knowledge of the Mammoth […]
Purchase prices are based upon a household’s annual income. Generally, a household can expect to pay between 30% and 38% of their gross household income on housing expenses such as mortgage payment, utilities, HOA dues, etc. To determine how much […]