HOMEBUYERS HUB
Allegany County
Discover Allegany County, a vibrant region in Maryland offering a range of programs to assist you in your home buying journey. Explore the details below to find the perfect opportunity for your next home purchase.
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 Allegany 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 Allegany County. This income limit is designed to make homeownership more accessible to a wide range of income levels.