🏡 Ready to turn your dream of homeownership into a reality? Look no further than the Mortgage Assistance Program (MAP) offered by Anne Arundel County! Here's why you should consider leveraging the ACDS Down Payment Assistance Program for your journey towards owning your own home:
- Financial Support: MAP provides deferred loans of up to $50,000 to first-time homebuyers, easing the burden of down payment and settlement costs. With this assistance, you can take a significant step towards securing your dream home without breaking the bank.
- Tailored for First-Time Buyers: Designed specifically for first-time homebuyers in Anne Arundel County, MAP understands the unique challenges faced by those venturing into homeownership for the first time. It's structured to provide the support you need at this crucial stage of your life.
- Eligibility Criteria: To qualify, you must be a graduate of the ACDS Homeownership Counseling Program, ensuring you're equipped with the knowledge and resources necessary for successful homeownership. Additionally, your household income should not exceed 100% of the Area Median Income, making this program accessible to many in the community.
- Compatibility with FHA and DHCD Mortgages: Worried about how this assistance will fit with your chosen mortgage? No need to fret! MAP can be seamlessly integrated with mortgages from the Federal Housing Administration (FHA) and the Department of Housing and Community Development (DHCD), providing you with flexibility and peace of mind.
- Long-Term Benefits: By availing yourself of the MAP, you're not just getting assistance for today; you're investing in your future. Owning a home brings stability, builds equity, and offers a sense of pride in homeownership that extends far beyond the initial purchase.
Don't let the financial barriers hold you back from achieving your homeownership goals. Take advantage of the ACDS Down Payment Assistance Program and embark on your journey towards owning a place you can truly call home. Contact us today to learn more and take the first step towards making your homeownership dreams a reality! 🏡💫