City of Frederick Community Partners Incentive Program (CPIP)

Administered by: City of Frederick / Maryland DHCD / Frederick Community Action Agency · City · Deferred Loan

Funding status: Active

How much assistance

Up to $5,000 ($2,500 from Maryland DHCD + $2,500 from the City of Frederick) (Deferred Loan)

Zero-interest deferred loan. Terms set by the Maryland Mortgage Program.

Eligibility

  • Income limits: Must meet Maryland Mortgage Program income limits.
  • First-time buyer required: Yes — Must be a first-time homebuyer.
  • Credit score minimum: 640
  • Geographic restrictions: Must purchase a home within the City of Frederick limits.
  • Homebuyer education required: Yes

How to Apply for City of Frederick Community Partners Incentive Program (CPIP)

Step 1: Contact Brad Petersen, housing counselor, at 301-600-3966. Must be using a Maryland Mortgage Program loan. Administered by the Frederick Community Action Agency.

Visit program website

Notes

Can be combined with other MMP down payment assistance. The City match of $2,500 supplements the $2,500 from Maryland DHCD.

Cities Where This Program Is Available