HOMEBUYERS HUB
Washington County
Washington County, located in Maryland, is a region that combines natural beauty with historic charm and is known for its vibrant communities. First-time homebuyer programs in Washington County offer several advantages, including financial assistance for down payments and closing costs, reduced interest rates, and educational resources to navigate the home buying process. These programs make homeownership more accessible in this dynamic area, allowing individuals and families to invest in their first homes within a welcoming and culturally rich community with a blend of history and outdoor recreational opportunities.
Maryland Mortgage Program
What You need to know
640 Credit Score Requirement
Up to 25k In Assistance
Income limit up to 174,300.00
-
Maximum Down Payment and Closing Cost Assistance: Borrowers in Washington 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.
-
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.
-
Maximum Income Limit: Borrowers can have a maximum income of $174,300 to qualify for the Maryland Mortgage Program in Washington County. This income limit is designed to make homeownership more accessible to a wide range of income levels.