DOWN PAYMENT AND CLOSING COST ASSISTANCE
The following highlights represent some of the homeownership initiatives in the communities Home Partnership Inc. serves. Official program guidelines and procedures governing program requirements and eligibility and are subject to change. Program descriptions are summarized below.
Contact the listed agencies below for further information. These are not programs administered by Home Partnership Inc. The following list is provided for Information Purposes.
MMP (MARYLAND MORTGAGE PROGRAM)
Competitive mortgage interest rates PLUS 0% deferred loan for down payment assistance starting at $5,000.00
Household Income Limits Apply: Yes
Eligible Areas: Maryland
HOMEBUYER EDUCATION CERTIFICATE REQUIRED
Apply Through Participating Lenders
FEDERAL HOME LOAN BANK OF ATLANTA (FHLBA) FIRST-TIME HOMEBUYER PROGRAM (FHP)
Matching funds Yes for down payment and closing costs provided on a 3:1 basis up to $5,000; 5 year owner occupancy period
Household Income Limits Apply: Yes
Eligible Areas: AL, FL, GA, MD, NC, SC, VA, D.C.
HOMEBUYER EDUCATION CERTIFICATE REQUIRED
Apply Through Participating FHLB Lenders
Chenoa Fund
Grants and Loans for down payment and closing costs provided up to 4.5% of loan amount
DO NOT HAVE TO BE A 1st TIME BUYER
Household Income Limits Apply: YES; for some options
Eligible Areas: Throuhout MD and several other states
HOMEBUYER EDUCATION CERTIFICATE RECOMMENDED
Apply Through Participating Chenoa Fund Lenders