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Get Matched Free →Montgomery Homeownership Program
Funding status: Active
How much assistance
Up to $25,000 (40% of qualifying borrower income, maximum $25,000)
Zero-interest deferred second mortgage. Forgiven after 30 years if not already paid off. Any funds not needed for down payment or closing costs are applied to principal curtailment.
Eligibility
- Income limits: Must meet Maryland Mortgage Program income limits for Montgomery County.
- 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 Homeownership Program
Contact an MMP-approved lender to get pre-qualified. The lender will confirm eligibility for both the MMP first mortgage and the Montgomery Homeownership Program second mortgage.
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