DOWN PAYMENT AND CLOSING COST ASSISTANCE

New HPI program announcement expected soon!  Join us at our friendraiser for a sneak peek!

The goal of the WHP is to enable certain essential workers in Harford County to purchase homes in Harford County. This workforce includes school teachers, police officers, firefighters and emergency medical technicians, healthcare workers, active military and employees of the US Military. Salaries for many of these jobs make it very difficult for these workers to afford the average sales prices of homes in Harford County or to save the cash needed for settlement costs and down payments required for home mortgages. The sponsors of the WHP, the Dresher Foundation and Home Partnership, Inc., believe that having these critical jobs filled with people who live and work in Harford County strengthens communities, stabilizes neighborhoods and contributes to the national goal of creating a more energy efficient society.

The WHP started in September 2007 and ended 2012 having disbursed $600,000 granted by the the Dresher Foundation.  These loans have 0% interest and are deferred but not forgivable.  HPI will use the original program guidelines to disburse funds recently recaptured


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

 

 

To register for a Homebuyer Education class visit our scheduling page