Financial Incentives

Cleveland offers many value-added incentives to living in the city.
These incentives could save Circle 118 owners up to $100,000 over
the course of 15 years.

100% 15-year Tax Abatement. Save up to $5,000 each year with the
city of Cleveland’s urban living tax abatement.

Low-rate Financing:
Key Community
Mortgage Program

100% LTV for borrowers with a credit score of 620 or higher, OR 97% LTV for borrowers with a credit score of 600 or higher
No Private Mortgage Insurance (PMI) required
0% down
No income limitations
Conventional fixed rates
Interest rates comparable to FNM
May be used with grant money (ask us about this!)

0% down, no Private Mortgage Insurance (PMI):

You do not need one month's mortgage payment or cash reserves in your savings account when closing
Provides expanded debt-to-income ratios
You may use up to 33 percent of your gross monthly income for housing expenses each month (instead of the standard 28 percent) and 38 percent for your total monthly debt expenses (instead of standard 36 percent)

Greater Circle
Living Incentives

Full time employees at many University Circle institutions are eligible to receive up to $15,000 in forgivable loans through the Greater Circle Living initiative. For complete program rules, contact Christin Farmer at 216.707.5019 or cfarmer@universitycircle.org.

New Furniture Promotion

New home. New furnishings. At closing, you’ll receive a $10,000 check to spend at a retailer of your choice so that you can choose some contemporary furnishings and accents to enhance your space. Further details on this limited-time offer are available from our Keller Williams sales team, so be sure ask them about it when you visit our model home.

University Hospitals and Cleveland Clinic Matched Residents

Low-rate financing and lease options are available. For complete details, contact us.

Circle118