MONTGOMERY COUNTY HOME BUYING ASSISTANCE

   

Montgomery County Housing Opportunities Commission helps qualifying prospective home buyers make home buying easier.

Home buyers who qualify under the HOC/HOP program can receive help with becoming financially prepared to purchase a home in Montgomery County, MD.

Help offered:
* Lower than market interest rates
* Opportunities to participate in the lottery for new home slots.
* Homebuying education for qualified applicants.
* Home ownership counseling.
* Closing cost assistance.
* Down payments of 3-5% with FHA or conventional loan programs.

Qualifying income limits for home buyers:

Household Size Maximum Annual Income
1 person household - $46,500
2 person household - $53,000
3 person household - $59,500
4 person household - $66,000
5 person household - $71,500