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As opportunities arise, ACDS builds new homes as well as purchases and renovates existing homes throughout Anne Arundel County.

These homes are then sold to first time, limited income homebuyers using special financing. In most cases, closing cost assistance is available.

Before homebuyers can purchase one of our homes, they must complete the ACDS Homeownership Counseling Program.

To see the homes we have for sale, click Featured Homes.

Am I eligible to purchase an ACDS Home for Sale?

To be eligible you must:

  1. (1)  be a first time homebuyer, generally which means you have not owned an interest in real property during the last three years,
  2. (2)  be a graduate of the ACDS Homeownership Counseling Program, and
  3. (3)  have a household income which is no greater than the income limits established for the particular home you would like to purchase.

Typically, ACDS homes must be sold to households earning at or below 80 percent of the area median income. Occasionally, homes are available to households earning slightly higher incomes. Please refer to the income limits listed on the Featured Homes fact sheet or contact our Development Specialist at (410) 222-7600, extension 113, to find out if you may be eligible to purchase a specific home we are offering for sale.

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Frequently Asked Questions

  1. Your homes are affordably priced .. how are you able to do this?
  2. How much money do I have to contribute?
  3. Is there a limit to how much savings I can have and still be eligible to purchase an ACDS Home For Sale?
  4. Do I have to use an approved lender?
  5. What is the definition of a first time homebuyer?
  6. Can I own other types of property and still qualify?

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1. Your homes are affordably priced .. how are you able to do this?

ACDS, a nonprofit organization, is able to offer homes at an affordable price to qualified homebuyers by utilizing available government funds to purchase and develop the properties. In return, a "soft second" mortgage, in addition to your first mortgage, will be placed on the home for the amount of the government subsidy. Typically, the soft second mortgage will be offered at zero percent interest and all payments will be deferred. The principal amount of the soft second mortgage will not be due until the home is sold, transferred, or in 30 years, whichever comes first. In exchange for the subsidy, you may be required to share some of the equity earned when you sell your home.


2. How much money do I have to contribute?

You must contribute one percent (1%) of the sales price. The money you pay outside of closing for items such as the appraisal or home inspection (if required) can count towards your one percent contribution.

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3. Is there a limit to how much savings I can have and still be eligible to purchase an ACDS Home For Sale?

No. However, if you intend to utilize the ACDS Mortgage Assistance Program for closing cost assistance, you must use all savings in excess of three times your new monthly mortgage payment towards your settlement costs. For example, if your monthly mortgage payment is $800 and you have $2,600 in savings, you would be required to contribute an additional $200 towards your closing costs at settlement ($2,600 - ($800x3) = $200)


Do I have to use an approved lender?

You are free to choose any lender you wish to work with; however, if you plan to obtain a mortgage from the Maryland Community Development Administration (CDA) you must use a CDA approved lender. You should also be aware that we do not allow purchasers to obtain interest only loans when purchasing our homes. First mortgage loans must be fixed rate, amortizing loans that meet FHA underwriting guidelines, so be sure to inform your loan officer of this requirement in advance.

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What is the definition of a first time homebuyer?

A first time homebuyer is:

  1. (1)  someone who has not had an ownership interest in their principal residence* at any time in the three years preceding the date of their mortgage application; or
  2. (2)  someone who is separated or divorced and has had an interest in marital property during the last three years, but can document they did not live in the property during the last three years and no longer have title to the property.

* A mobile home occupied as a borrower’s principal residence will not disqualify the borrower unless the mobile home is/was permanently attached to real property owned by the borrower.


Can I own other types of property and still qualify?

At the time of loan closing, the borrower may not have any ownership interest in certain types of property, including mobile homes, raw land, a building, any principal residence, a vacation home, a rental property, an inherited property, commercial property, any jointly held property, a cooperative, and any other real property.

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