HOMEBUYERS HUB
Worcester County
Worcester County, situated in Maryland, is a region known for its coastal beauty, pristine beaches, and a relaxed way of life. First-time homebuyer programs in Worcester County offer various benefits, including financial assistance for down payments and closing costs, lower interest rates, and educational resources to navigate the home buying process. These programs enhance the accessibility of homeownership in this idyllic coastal area, allowing individuals and families to establish their first homes in a tranquil and scenic community with abundant outdoor recreational opportunities and a strong connection to the natural environment.
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 Worcester 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 Worcester County. This income limit is designed to make homeownership more accessible to a wide range of income levels.