Charles County First Time Home Buyers Settlement Expense Loan Program
There's good news for first time home buyers in Charles County, Maryland. The Charles County First Time Home Buyers Settlement Expense Loan Program (SELP) has received new funding to assist families with settlement expenses.
Eligible applicants may receive a SELP loan of up to $6,000 at 5% interest, which accrues for the first year only. The loan is re-paid when the home is resold, refinanced, or transferred.
Income limits have been raised so that more first time home buyers are able to qualify.
| Household Size | Income |
| 1 | 72,500 |
| 2 | 82,800 |
| 3 | 93,200 |
| 4 | 103,500 |
| 5 | 111,800 |
| 6 | 120,100 |
| 7 | 128,400 |
| 8 | 136,700 |
For more information, or to speak to a lender, call me at 301-609-9000.
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