Get Started Today!
Becoming a part of U-lex is a journey toward stability and growth. Once approved, a small reservation fee holds your spot in the community.
Let Us Help
Getting started is easy!
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Create a profile: visit the HomeSight website to create a profile by clicking the Get Started button.
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Submit your information: upload your financial information to the secure HomeSight portal.
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Meet with us: meet with a HomeSight counselor to confirm eligibility.
1. Create a Profile
5. Secure Your Unit!
4. Confirm Eligibility
3. Meet With Us
2. Submit Your Info
Unit Qualification
To purchase your home at U-lex, you must meet certain criteria:
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Income Qualification: earn less than 80% of Seattle's Area Median Income.
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First-Time Buyer: be a first-time home buyer or have not owned a residence in the previous 3 years.
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Owner-Occupancy: plan to live in the unit as your primary residence.
Once you're confirmed as eligible and pay a small reservation fee, you'll join our pool of approved buyers. We prioritize community preference with 50% of the units across various bedroom sizes reserved for qualified applicants. Additionally, 8 units are reserved for Veterans. We maintain a primary list of pre-approved buyers to ensure a smooth process from eligibility confirmation to reservation fee payment.
What is the income qualification?
To qualify, your household incomes must not exceed 80% of Seattle’s Area Median Income.
In Seattle, this currently translates to an annual gross income limit of $84,850 for a 1-person household, $96,950 for a 2-person household, $109,050 for a 3-person household, and $121,150 for a 4-person household.
Please note that median income is adjusted annually, so these limits may be higher by the time the cooperative is completed.
Individuals in your household | Yearly gross income (before taxes) cannot be more than: | Monthly gross income (before taxes) cannot be more than: |
|---|---|---|
1 | $84,850 | $7,071 |
2 | $96,950 | $8,079 |
3 | $109,050 | $9,088 |
4 | $121,150 | $10,096 |
5 | $130,850 | $10,904 |
6 | $140,550 | $11,713 |
7 | $150,550 | $12,521 |
8 | $159,950 | $13,329 |
What is the average monthly cost?
# of Bedrooms | Average Unit Sq Ft | Unit Share Price | Maintenance Fee/Carrying Cost | Share Mortgage | Total Avg Monthly Cost w/ Share Mortgage |
|---|---|---|---|---|---|
1 | 653 | $58,995 | $1,913.88 | $378.91 | $2,292.79 |
2 | 863 | $77,805 | $2.252.57 | $499.72 | $2,752.29 |
3 | 1015 | $91,493 | $2,632.13 | $587.86 | $3,370.94 |
*The estimated share mortgage cost is calculated as of 2/3/26, based on a 20-year loan term and subject to current interest rates. This cost applies only if the Unit Share Price is financed by the buyer.
