First Time Home buyer s in Montogmey County Md has a program for Down Payment and Assistance.
It has been around for over 10 years yet it seems to be the best kept secret. My latest settlement was Monday October 26th, 2009. The selling agent was Maurice Melbourne of Exit Realty (Landover, Maryland). Our clients borrowed $10,000 to which they applied towards their downpayment.This allows them to keep money in their bank account (reserves) as well as have monies available to furnish the home. It's an ideal program for First Time Home buyers in Montgomery County.
The qualifications may surprise you. The income limits is generous and opens door for many to qualify compared to other First Time Home Buyer Programs in Maryland.
Below is a quick video and presentation illustrating what it is, how it works and how to get started.
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