Maryland

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The following program is available in Montgomery county only


Housing Opportunities Commission of Montgomery County First Mortgage Program

 

ELIGIBLE AREAS – Montgomery County

ELIGIBILITY CRITERIA – All borrower(s) and or Spouses must be first-time home buyers

DOWN PAYMENT ASSISTANCE – 3% of the Purchase Price & ONLY with Option 2 Rates

INCOME LIMIT CRITERIA – Maximum by Household:

Persons 1 2 3 or more
montgomery $91,728 $131,040 $152,880

HOME ACQUISITION LIMITS – Maximum Sales Price – $596,000

HOMEBUYER EDUCATION – At least one borrower must complete

FICO/DTI REQUIREMENT – See loan officer for information regarding this.

CO-SIGNERS – Co-Signers are not permitted for this program


PAGE LAST UPDATED: Feb 25, 2016