Homebuyer Assistance Program
*** PROGRAM UPDATE 2/19/2021 ***
Since July 1, 2020 the Frederick County Homebuyer Assistance Program (HAP) has been the final piece needed to assist 61 first-time homebuyers purchase their own home, for a total of $532,800 in HAP funds! An additional 11 applications are in the pipeline and are on the way to making the homebuyers’ dreams come true. The County, through the Department of Housing and Community Development, also assisted another 45 first-time homebuyers with a $400,000 Community Development Block Grant award in 2020. HAP has been so successful that, unfortunately, the program funding has been depleted and the department is unable to accept applications at this time. Over the next few months we will be looking at ways to make HAP an even better program. If you have any ideas please let us know. Look for a program update in the coming weeks.
The Frederick County Homebuyer Assistance Program (HAP) administered by the Frederick County Department of Housing and Community Development (DHCD) helps local families with limited resources obtain their first home, by providing up to $8,000 in downpayment/closing cost assistance. The application is submitted on behalf of the homebuyer by the first lender.
The Fact Sheet has program details regarding eligibility requirements, income limits, lead paint requirements, and loan amounts. For the required homebuyer education training contact the Frederick Community Action Agency at (301) 600-1506.
Maryland Mortgage Program (MMP)
The Maryland Mortgage Program provides significant support to homebuyers through competitive rate mortgage loans; down payment assistance and Partner Match Programs, helping Marylanders overcome upfront financial barriers associated with down payment and settlement expenses. Homebuyers that are eligible for a Maryland Mortgage Program home loan are also eligible for a down payment assistance loan of up to $5,000. Through the Community Partners Incentive Program (CPIP) MMP will match our Homebuyer Assistance Program up to a maximum of $2,500 when the homebuyer uses the State's Maryland Mortgage Program loan to purchase their home.
The Homeownership for Individuals with Disabilities Program is offered through the Maryland Department of Housing and Community Development (DHCD) and is available statewide. Learn more about Maryland Mortgage Programs here.
