Wicomico County Downpayment & Closing Cost Assistance Program
- Downpayment & Closing Cost Assistance
- Wicomico County
Summary
Wicomico County offers a downpayment & closing cost assistance program for residents of the county, excluding Salisbury, through the Neighboring Housing Services program. This program aims to assist first-time homebuyers in purchasing homes within the county. The grant provides up to $10,000 in downpayment and closing cost assistance based on property address and availability of funds, and the grant amount is determined by the need and borrower's other available assets. The property must be owner-occupied and a five-year forgivable lien is recorded against the property.
Eligibility Requirements
- The applicant(s) must be at or below the 80% total household area median income level.
- The applicant(s) must be first-time homebuyers or have not owned a home within the past three years.
- The applicant(s) must complete a homeownership education course.
- The applicant(s) must occupy the home as their primary residence.
- The program may have other requirements, such as minimum credit score, debt-to-income ratio, and employment history.
Contact Information
Salisbury NHS
560 Riverside Drive, Unit A102
Salisbury, MD 21801
Phone: 410-543-4626