HOMEBUYERS HUB
Garrett County
Garrett County, situated in Maryland, is a stunning, mountainous region known for its natural beauty, outdoor recreation, and rural charm. First-time homebuyer programs in Garrett County provide significant benefits, including financial assistance for down payments and closing costs, reduced interest rates, and educational resources to guide newcomers through the home buying process. These programs enhance the accessibility of homeownership in this picturesque area, allowing individuals and families to establish their first homes in a serene and close-knit community with abundant outdoor activities and a strong sense of community.
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 Garrett 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 Garrett County. This income limit is designed to make homeownership more accessible to a wide range of income levels.