HOMEBUYERS HUB
Somerset County
Welcome to Somerset County, MD, a charming area known for its scenic beauty and community warmth. For first-time homebuyers considering Somerset County, there's great news: various first-time homebuyer programs can significantly ease the path to homeownership.
Maryland Mortgage Program
What You need to know
640 Credit Score Requirement
Up to 25k In Assistance
Income limit up to 210,980
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Maximum Down Payment and Closing Cost Assistance: Borrowers in Somerset 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 Somerset County. This income limit is designed to make homeownership more accessible to a wide range of income levels.