A new and improved Howard County Settlement & Downpayment Loan Program (SDLP) has been implemented by the Howard County Housing Office! This program is for first-time homebuyers and is designed to give buyers (who otherwise could not afford to buy) help with their down payments and/or closing costs. 
One great thing about the Howard County Settlement & Downpayment Loan Program (SDLP) is that the monies do not
have to be re-paid to Howard County until the houses are either re-financed or re-sold. Another perk is that the payments are not counted against the first-time homebuyers' debt ratios when qualifying for the loans. The loans will be financed at 2% lower than the prime interest rate. So, the loans are going to have deferred payments and will be very affordable!
BUT, only $400,000 has been allocated for the Howard County Settlement & Downpayment Loan 
Program (SDLP) ... so buyers must act quickly to take advantage of this offer. To find out if you qualify (there are income limitations) and to find out how much money you might qualify to borrow, give Sue or Dipper a call today! The Howard County Settlement & Downpayment Loan Program (SDLP) funds will run out quickly as the availability becomes more widely known!
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