Down Payment Assistance for Home Buyers in Montgomery County, MD

Real Estate Agent with Realty Group Referrals 16766

Down Payment Assistance for Home Buyers in Montgomery County, Maryland


Montgomery County Executive Marc Elrich is encouraging residents to apply for the Montgomery Homeownership Program of down payment assistance. The program, which is available to help working families and first-time home buyers, is now accepting applications. Reservations will be accepted until the funds are fully committed.

Applicants who qualify can access down payment assistance loans up to $25,000 or up to 40 percent of the household income of the prospective homeowner – whichever is less. Funds can be used for a down payment or for closing costs. Approved buyers also will receive a competitive loan rate from the Maryland Mortgage Program.

The zero-interest down payment assistance loans can be used for modestly priced homes in Montgomery County. The loans are to be repaid upon the sale, payoff or transfer of the home.

“I am pleased that we are able to partner with the state to give people a chance to buy their first home,” said County Executive Elrich. “Homeownership is a significant source of wealth for most people and we need to extend that opportunity to more of our residents. Homeownership can help with building community for families, neighborhoods and schools. I have long advocated for this type of assistance, and I am glad that we are able to continue this program.”

The Montgomery Homeownership Program is administered by the Maryland Department of Housing and Community Development, which provides similar down payment assistance across the State.

The program is part of Montgomery County’s ongoing efforts to provide more paths to homeownership. Montgomery County has committed $1 million in Fiscal Year 2021 to the program with the State.


More information


Image may contain: 2 people, plant

Rattlesnake Plant, Lewis Ginter Botanical Garden, Richmond, VA USA
Canon PowerShot G11 Camera
Photograph by Roy Kelley
Roy and Dolores Kelley Photographs


Subhash Sharma  This Rattlesnake plant (Calathea lancifolia) is a species of flowering plant in the Marantaceae family, native to Brazil. Requiring a minimum temperature of 16 °C , it is commonly used as a houseplant in temperate regions. Just like other varieties of Calathea plants, this one is a bit demanding. As such, it is not a perfect choice for beginner gardeners and those who want to spend less time caring for their plants. However, if you wish to invest some time and energy you will sure be rewarded. Rattlesnake plant is gorgeous and can truly improve the look of your home.

Posted by

Roy and Dolores Kelley Photographs

Roy Kelley and Associates


Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Local News and Events
Maryland Montgomery County Gaithersburg Kentlands
roy and dolores kelley photographs
down payment assistance for home buyers in maryland

Spam prevention
Show All Comments
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Roy, this is something we have not seen in the Denver metro area much, even with COVID.  We have some grant programs, but no true FREE money.

Aug 09, 2020 10:13 AM #1
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


How wonderful for first time homebuyers to have some assistance from the government.  A

Aug 09, 2020 10:20 AM #2
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

my guess is that money will go very quickly.... there must be big demand for it in your area, Roy...

Aug 09, 2020 10:37 AM #3
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This sounds like a great opportunity for first time home buyers in Montgomery County, Roy.

Aug 09, 2020 11:25 AM #4
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for stopping by. It is always good to hear from you.

Aug 10, 2020 05:56 AM #5
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Roy Kelley

Ask me a question