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City of Rockville Real Estate Effort for Affordable Community Housing (R.E.A.C.H.)

Program Overview

City of Rockville Real Estate Effort for Affordable Community Housing (R.E.A.C.H.) is a assists first-time homebuyers who can afford a mortgage payment in overcoming the barriers presented by the upfront expenses associated with purchasing a first home. City of Rockville ONLY

Property Eligibility Requirements

The property being purchased must be located within the Incorporated Limits of the City of Rockville.

Benefit Details

The maximum R.E.A.C.H. down payment and closing cost assistance shall be $12,000. Loan Term: 7 years years Homebuyer Counseling / Education Required: Yes Owner Occupancy Required: Yes

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