Sold on Frederick II
Up to $8,000 in down payment and closing cost assistance.
This program has been designed for individuals with low-to-moderate incomes to assist them with the purchase of their primary homes located within The City of Frederick.
The Community Development Block Grant (CDBG), a grant from the Department of Housing and Urban Development, funds this program. The funding is being used to allow homebuyer's to borrow the money
needed for the down payment and closing costs when purchasing a home.
►The home must be in The City of Frederick
►Buyer must be a first-time homebuyer
►Meet income and credit requirements
►Obtain a fixed rate first mortgage
►Buyer receives homeownership counseling
►Home must be insepected
►Buyer must contribute $1,000 of their own funds towards the purchase
►A minimum credit score of 645
How do I apply?
There are income limits for this program. Please call us today at 1-855-222-8620 and we'll tell you how to qualify for up to $8,000 in downpayment and closing cost assistance!