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Frederick County Maryland - Down Payment Assistance
Up to $12,000 in down payment and closing cost help
The Frederick County Homebuyer Assistance Program or HAP is creating homeownership opportunities throughout Frederick County Maryland, with down payment assistance up to $12,000, for homebuyers currently living or working in Frederick County.
The Frederick County Homebuyer Assistance Program offers the following benefits:
- Down payment assistance up to $12,000
- 0% interest rate and deferred repayment on the down payment assistance amount
- Only has to be paid back when you sell, refinance, or convert the property to an investment property
- Can be used in conjunction with any 30-year fixed rate mortgage program
- Available for all property types, including existing homes and new construction
- Easy and Simple Process. Lenders submits all paperwork to the County; the homebuyer only needs to take a first-time buyers class
How much down payment assistance will I qualify for?
| Household Size | Homebuyer Assistance Program $12,000 Loan 50% AMI* Maximum Household Income | Homebuyer Assistance Program $10,000 Loan 50% AMI* Maximum Household Income |
|---|---|---|
| 1 | $52,750 | $66,750 |
| 2 | $60,300 | $76,250 |
| 3 | $67,850 | $85,800 |
| 4 | $75,350 | $95,300 |
| 5 | $81,400 | $102,950 |
| 6 | $87,450 | $110,550 |
| 7 | $93,450 | $118,200 |
| 8 | $99,500 | $125,800 |
| * Note: Frederick County Area Median Income (AMI) is the HUD Washington Metropolitan Statistical Area (MSA) median income. |
Talk to a Frederick County HAP Mortgage Expert
Not ready to apply online? No problem.
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Answer a few questions, and a Frederick County HAP Home Loan Mortgage Expert will call you back.
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