Applicants who qualify and are approved may access Down Payment Assistance loans in amounts up to $40,000 – or up to 40 percent of the household income of the prospective homeowner – whichever is less. Approved buyers also will receive a below-market rate Maryland Mortgage Program Loan.
Montgomery County has committed $1 million to this program; applications will be accepted while funds remain available.
For more information to apply, visit Montgomery Homeownership Program or press release.
