Montgomery County Homeownership Assistance Fund (McHAF)
Funding status: Active
How much assistance
Up to $25,000 (Deferred Loan)
Ten-year deferred loan at zero interest with no monthly payments. Forgiven after 10 years of owner-occupancy, subject to conditions.
Eligibility
- Income limits: Must meet HOC income limits for Montgomery County (varies by household size)
- First-time buyer required: Yes — Must not have owned a home in the past 3 years.
- Credit score minimum: 640
- Geographic restrictions: Must purchase a home in Montgomery County, Maryland.
- Homebuyer education required: Yes
How to Apply for Montgomery County Homeownership Assistance Fund (McHAF)
Step 1: Contact an HOC-approved participating lender. Complete a first-time homebuyer education course. Submit application through the lender with required documentation. Total non-retirement assets must be under 20% of the purchase price.
Notes
McHAF Phase VI opened August 2025 with $2 million in funding. Assistance is up to $25,000 or 40% of qualifying household income, whichever is less. Can be used for down payment or closing costs.