Description
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HOUSING: Works to provide community with decent housing, a suitable living environment, and expanding economic opportunities principally for low and moderate income families. DOWN PAYMENT ASSISTANCE: Provides up to $25,000 in down payment and closing cost assistance in the form of a 0%, no monthly payment loan to assist first-time homebuyers in the City of Frederick. (Loan is re-paid upon sale or re-finance of the property.) Participants must complete a qualifying homebuyer education course. Call for additional details. Household Size | Capped Income Limits | Uncapped Income Limits (Sold on Frederick Program) | 1 | $68,500 | $86,650 | 2 | $78,250 | $99,000 | 3 | $88,050 | $111,400 | 4 | $97,800 | $123,750 | 5 | $105,650 | $133,650 | 6 | $113,450 | $143,550 | 7 | $121,300 | $153,450 | 8 | $129,100 | $163,350 |
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