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Get Matched Free →Montgomery Employee Down Payment Assistance Loan (MEDPAL)
Funding status: Active
How much assistance
$25,000
Zero-interest deferred loan for the life of the first mortgage. Any funds not needed for down payment and closing costs are applied to the principal of the mortgage.
Eligibility
- Income limits: Must meet Maryland Mortgage Program income limits for Montgomery County.
- First-time buyer required: Yes — Must be a first-time homebuyer.
- Credit score minimum: 640
- Geographic restrictions: Must purchase a home in Montgomery County. Must be a Montgomery County Government employee (MCGEO or unrepresented) or a member of a Montgomery County Public School Union.
- Homebuyer education required: Yes
How to Apply for Montgomery Employee Down Payment Assistance Loan (MEDPAL)
Contact an MMP-approved lender to get pre-qualified. Verify your employer eligibility as a Montgomery County Government or MCPS union employee.
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