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Home » Down Payment Assistance Programs - Frederick County HAP
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 80% AMI* Maximum Household Income |
---|---|---|
1 | $54,150 | $86,650 |
2 | $61,900 | $99,000 |
3 | $69,650 | $111,400 |
4 | $77,350 | $123,750 |
5 | $83,550 | $133,650 |
6 | $89,750 | $143,550 |
7 | $95,950 | $153,450 |
8 | $102,150 | $163,350 |
*Note: Frederick County Area Median Income (AMI) is the HUD Washington Metropolitan Statistical Area (MSA) median income. Use of uncapped 80% AMI is at the discretion of the Director of the Division of Housing and based on housing market conditions. |
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