HOMEBUYERS HUB
Anne Arundel County
Anne Arundel County, Maryland, boasts a diverse population and a unique blend of urban and suburban areas, with scenic waterfront views along the Chesapeake Bay. It offers a range of first-time homebuyer programs, including financial assistance, lower interest rates, education and counseling, down payment assistance, tax benefits, and streamlined approval processes. These programs make the county an even more appealing destination for first-time homebuyers, facilitating their path to homeownership while enjoying the region's natural beauty and diverse communities.
Maryland Mortgage Program
What You need to know
640 Credit Score Requirement
Up to 25k In Assistance
Income limit up to 174,300.00
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Maximum Down Payment and Closing Cost Assistance: Borrowers in Anne Arundel 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.
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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.
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Maximum Income Limit: Borrowers can have a maximum income of $174,300 to qualify for the Maryland Mortgage Program in Anne Arundel County. This income limit is designed to make homeownership more accessible to a wide range of income levels.