What?  House Keys 4 Employees enables eligible homebuyers to receive more downpayment and/or closing cost assistance than is available through the standard programs currently offered by the Maryland Department of Housing and Community Development (DHCD).

Who?   Any borrower who receives a contribution for downpayment and/or closing cost assistance from a participating employer and meets the eligibility criteria under the MoreHouse4Less Maryland Mortgage Program (MMP) may participate in HouseKeys4Employees.

How?   DHCD will match contributions dollar-for-dollar, up to $5,000, toward downpayment and closing costs from participating employers. The employer's contribution may be combined with assistance from local jurisdictions, unions and/or nonprofit agencies; however, the House Keys 4 Employees match will not exceed $5,000. The match is in the form of a 0% deferred loan that is repayable at the time of payoff or refinance, or upon the sale or transfer of the house.This assistance is over and above what is available through the standard downpayment and closing cost assistance programs, allowing some borrowers to have more choices in buying a home.

Could You Use an Extra $10,000 Towards Your New Home?

Not Sure If Your Employer Is A "Participating Employer"?

What Are the Eligibity Criteria?

Just Call Tami To Find Out More

http://www.morehouse4less.com/

 
This post has been included in Maryland Real Estate News

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Tami Nutall ~ The Busy Woman's Realtor

Silver Spring, MD

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REMAX 2000

Office Phone: (301) 592-0200 x 137

Cell Phone: (301) 385-8264

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