U-Lex at Othello Square by HomeSight WA

Tired of renting and want to own? It is possible to own a home without the high costs of traditional housing. Start your journey toward a new living experience at U-lex, a 68-unit cooperative community, blending modern living with rich amenities, offering one-, two-, and three-bedroom units. Say hello to U-lex Cooperative - a game changer in affordable home ownership! U-lex offers a unique opportunity to become a homeowner starting at $53,000! Welcome to U-lex at Othello Square, a vibrant co-op in Seattle's dynamic Othello neighborhood. With unit shares priced between $53,000 to $92,000, homeownership in Seattle is within reach! More than just a home, U-Lex offers affordability, community and sustainability. We are currently accepting reservations! Construction starting Fall 2024. Reservations are now open on a first-come, first-served basis. Secure your unit and join this thriving community today! Welcome home to U-lex. Is U-lex Right for You? U-lex is perfect for first-time homebuyers earning 80% Area Median Income or less, looking for a primary residence that offers affordability and community (see chart in photo gallery). We have simple eligibility requirements for income (see the chart in the photo gallery). What Makes U-lex Such a Unique Opportunity? Affordability: Our shares are priced to make homeownership more accessible. We've created a simple breakdown of costs and fees that illustrates what an average unit costs (see the chart in the photo gallery). Location: U-lex is conveniently located in the Othello neighborhood near the light rail station. U-Lex provides easy access to schools, transit, local services, and more. Flexibility: Enjoy the ability to sell your unit if you wish, whenever you want. Low Down Payment: Only a 20% down payment is required. If interested, ask about HomeSight's down payment assistance program. Financing Options: We've partnered with Verity Credit Union for share loans including a sharia compliant option. We've covered the