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Wicomico County

Wicomico County, Maryland, boasts a unique blend of rural charm and urban conveniences, making it an enticing location for prospective homeowners. For first-time buyers, the prospect of acquiring a home here is even more promising, thanks to dedicated first-time homebuyer programs. These initiatives, tailored to the specifics of Wicomico County, aim to alleviate the financial hurdles associated with purchasing a home. By offering assistance with down payments and providing favorable financing terms, these programs transform the dream of homeownership into a tangible reality. Whether drawn to the historic allure of Salisbury or the tranquility of its natural landscapes, aspiring homeowners can find support in these programs to secure their place in Wicomico County's welcoming community.

Maryland Mortgage Program

What You need to know

 

640 Credit Score Requirement

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Up to 25k In Assistance

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Income limit up to 174,300.00

  1. Maximum Down Payment and Closing Cost Assistance: Borrowers in Wicomico County can receive a maximum of $25,000 in down payment and closing cost assistance. This assistance can significantly reduce the upfront costs associated with purchasing a home.

  2. Credit Score Requirements: Borrowers are required to have a credit score of 640 or higher to be eligible for the program. A credit score of 640 is considered fair, but it meets the program's minimum requirement.

  3. Maximum Income Limit: Borrowers can have a maximum income of $143,175 to qualify for the Maryland Mortgage Program in Wicomico County. This income limit is designed to make homeownership more accessible to a wide range of income levels.

Learn More

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