The information and links below are from the Consumer Financial Protection BureauLearn about mortgage relief options and protectionsA federal law put in place two protections for homeowners with
Montgomery Homeownership Program II
Dated: 10/25/2017
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The Montgomery Homeownership Program II, an initiative of the Maryland Mortgage Program in partnership with Montgomery County, gives eligible homebuyers purchasing in Montgomery County up to $25,000 in down payment assistance.
This financial incentive is provided by Montgomery County to help working families and first time home buyers achieve affordable homeownership in the County. Eligible homebuyers can take advantage of this assistance by purchasing their home through the Maryland Mortgage Program, which has helped thousands of families achieve homeownership and comes with the security that only the state's flagship homeownership program can provide.
Available to all first time homebuyers in Montgomery County. First time homebuyer is defined as someone who has not owned a home in the last 3 years or more. First time homebuyer requirement will be waived if property is in a targeted area or if buyer is an honorably discharged veteran who has not used the first time homebuyer exemption.
Contact us for further information at 240-351-8214.
Charles Chapman
Charles Chapman has more than 20 years' experience in the Montgomery County real estate market. He has been a full-time agent through rising markets and good times, and also through falling markets an....
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