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Homebuyer Programs


Heather Sutton
5340 Spectrum Drive, Suite A
Frederick, MD 21703

Ph: (301) 600-6647
Fax:(301) 600-3585

Monday - Friday
8:00 am – 4:00 pm

Income Limits, HOME Initiative

HOME Initiative Program Round 28 - Call for availability!!

The Frederick County Department of Housing and Community Development (DHCD) administers the HOME Initiative Program which can provide up to $5,000 in downpayment and closing cost assistance to income eligible first time homebuyers.  The mortgage lender submits the HOME application to DHCD on behalf of the applicant.  Lenders download the new HOME policies here.

The Fact Sheet has program details regarding new eligibility requirements for Round 28.  Also see the new 2014 Income Limits.  An additional benefit with this round is the opportunity to join the Green Homes Challenge.  The Green Homes Challenge helps new homebuyers keep utility bills affordable.  Learn more about the Green Homes Challenge here.

For the required homebuyer education training contact the Frederick Community
Action Agency
at (301) 600-2077 or (301) 600-3966.

Maryland Mortgage Program (MMP)

Consider using a Maryland Mortgage product to finance the home purchase and be eligible for additional assistance such as DSELP and Community Partners Incentive (CPIP) match program.  DSELP is the Downpayment and Settlement Expense Loan Program which helps eligible borrowers by funding a portion of their closing costs.  Through the CPIP, the State will match the financial assistance provided by the HOME Initiative Program, dollar-for-dollar up to $2,500, when the homebuyer uses the State's Maryland Mortgage Program loan to purchase their home.  Learn more about Maryland Mortgage Programs here.