I am so proud to work for a company that innovates ways to help home buyers and sellers in Maryland. With the competitive nature of a market plagued by limited inventory, like so many across the United States, having programs that help clients is more important then ever!
Introducing the SWBC Move -Up Program! This program offers up to $10,000 in a non-repayable (forgiven at closing) grant(s) for eligible buyers living in OR moving to designated census tracts.
How are we expanding affordable housing opportunities with this exclusive program?
1. NOT limited to First time Homebuyers
2. Income Limit is 140% o f the Area Median Income (AMI) -most bond programs max at 80% of the AMI
3. Available to those moving from OR purchasing a primary residence in a minority census tract, as defined by the FHFA (Federal Housing Finance Agency)
4. Grant does not require repayment, but a 1099 is issued at the end of the year.
5. Does not require review of all household income of those over 18
6. The rates and fees are often lower than the going market rates.
Let's see if this program is a good fit. If not, we may have other programs that can help!
Comments(2)