The Mortgage Assistance program (MAP) provides income eligible, homebuyers with up to $20,000 in assistance to purchase a first home. MAP funds can be used toward down payment, closing costs, and mortgage write-down and can be used in conjunction with FHA and DHCD Maryland Mortgage Program.
How the Mortgage Assistance Program Works
How to Apply
New ACDS’s Clients: Please download a Homeownership Counseling application here which is the pre-requisite for the Mortgage Assistance Program.
Graduates of the Homeownership Counseling Program: Please download a Mortgage Assistance Program Application here
Contact us to learn more information about the Homeownership Counseling Program and the Mortgage Assistance Program.
Assistance may not be provided to households whose total household income, from all sources, exceeds 80% of Area Median Income.
(effective June 15, 2017)
Borrower’s total household income cannot exceed the following*:
|Household Size||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person|
|Income Limits for ACDS financing||$47,600||$54,400||$61,200||$68,000||$73,450||$78,900|
Up to $20,000 is currently available, depending on an eligible client’s need.
First-time homebuyers who do not exceed the income limits and who have successfully completed the ACDS Homeownership Counseling Program prior to entering into a contract to purchase.
An existing or newly constructed residence, including detached, semi-detached and attached townhomes and condominiums, located within Anne Arundel County. The home must be owner-occupied or vacant at the time the offer to purchase is made, except when the existing tenant is the one making the purchase. The property must meet the ACDS Property Minimum Standards for code and safety. The maximum sales price is $271,000.00 for existing homes and $304,000.00 for new construction.
Assistance is provided as a loan, not a grant. However, the terms are very favorable, include 0% interest, and there are no monthly payments. Loans are due and payable upon sale, transfer of property, when the property ceases to become a primary residence, or in 30 years; whichever comes first.
Information for Realtors and Lenders
Please visit our Lender/Realtor page to learn more about our processing requirements regarding contracts to purchase, inspections, loan documents, and settlement requirements.
Minimum Cash Contribution from Borrower(s)
The homebuyer must contribute a minimum cash contribution of one percent of the sales price from their funds.