Show All Programs
Number in household:
For first time buyers only?:
Maryland Mortgage Program - Worcester, Wicomico, Washington (Targeted)
MD Dept. of Housing & Community Development (DHCD)
Maryland Mortgage Program - Worcester, Wicomico, Washington (Targeted) is a
low-interest, fixed-rate mortgage financing program available though certified lenders with 30-year term for first-time homebuyers or buyers who have not owned in MD for 3 years. Closing cost and downpayment assistance is available with all state single-family mortgage products. All of Maryland - different limits for incomes and maximum loans are applicable in different locations.
Property Eligibility Requirements
You do NOT need to be a first-time homebuyer if the property is located in a targeted area. Targeted areas include:
Washington County (ONLY Census Tracts 0003.02, 0004.00, 0007.00 and 0009.00); Wicomico County (ONLY Census Tracts 0001.00, 0003.00, 0005.00, 0102.00); and Worcester County (ONLY Census Tract 9903.00).
The sales price cannot exceed $
In targeted areas, the maximum sales price can be up to $403,155 in Washington County, $351,092 in Wicomico County and $467,232 in Worcester County..
Allowable property types:
Existing single family, new construction (in a designated Priority Funding Area), townhouses, detached or semi-detached homes; condominium units, modular or manufactured homes (with state-approved code compliance)
The Maryland Mortgage Program, also called More House 4 Less, allows financing for up to 100% of the sales price at below-market, fixed interest rates.
Only 30 -year fixed rate mortgage is currently available. The homebuyer may select a Downpayment and Settlement Expense Loan (DSELP) up to $5,000. (The DSELP loan is a 0% deferred loan, repayable upon sale of the home or refinancing of the state?s loan.)
Please note: Every attempt is made to reflect
accurate and up to date information on housing programs displayed
on this site. Some inaccuracies may exist. For verification contact
a certified REALTOR member or a participating Lender.
For more information about this and other homebuyer programs please
contact one of the following:
Workforce Housing Certified REALTOR®
Find a participating Lender