Frederick County House Keys 4 Employees (HK4E)

Frederick County House Keys 4 Employees (HK4E) is a deferred second loan for homebuyers in Frederick County, Maryland, administered by Frederick County Division of Housing. House Keys 4 Employees (HK4E) is a Frederick County program for full-time regular Frederick County Government employees who use a Maryland Mortgage Program 1st Time Advantage or Flex 6000 loan. The county matches the MMP $8,500 Partner Match with an additional $8,500 0% deferred loan, for $17,000 total in down payment and/or closing cost assistance. No monthly payments are required; the loan is repayable on sale, refinance, transfer, or loss of primary-residence status. $8,500 county match ($17,000 total with MMP). 0% interest deferred loan. No monthly payments. Can add $10,000-$12,000 County HAP for households below 80% AMI. Funding comes from Frederick County (matching the Maryland Mortgage Program Partner Match).

Frederick County House Keys 4 Employees (HK4E) offers between $8,500 and $8,500 in assistance. Award tiers: Standard $8,500 county match (total $17,000 with MMP $8,500). Households below 80% AMI may additionally qualify for $10,000-$12,000 through the County HAP. The program can be combined with Maryland Mortgage Program $8,500 Partner Match (required); also stackable with County HAP ($10,000-$12,000) for households below 80% AMI. Amounts are the program's published maximums, not an offer — Frederick County Division of Housing determines any individual award.

Frederick County House Keys 4 Employees (HK4E) is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Due upon sale, transfer, refinance, or when the home is no longer the borrower's primary residence. The assistance is recorded in Subordinate (lien recorded in Frederick County land records) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Frederick County House Keys 4 Employees (HK4E) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through HUD-approved Housing Counseling Agency; locally the City of Frederick. Residency requirement: Must purchase a home in Frederick County; applicant must be a full-time regular Frederick County Government employee. Employment restricted to full-time regular Frederick County Government employees; must use MMP 1st Time Advantage or Flex 6000; one-year warranty and home inspection; lead paint assessment for pre-1978 homes; Frederick County title company for settlement.

Frederick County House Keys 4 Employees (HK4E) limits household income to 150% of the area median income, which varies by county and household size. Total gross household income must be under 150% AMI (eff. May 2025): 1 or 2 persons = $196,680; 3 or more = $229,460. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Frederick County House Keys 4 Employees (HK4E) can be used for Single Family, Townhouse, Condo, Modular, and Manufactured. New construction is eligible. Manufactured homes are eligible.

Frederick County House Keys 4 Employees (HK4E) is limited to employees of Full-time regular Frederick County Government (FCG) employees. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Frederick County House Keys 4 Employees (HK4E) serves homebuyers purchasing in Frederick County, Maryland.

Applications for Frederick County House Keys 4 Employees (HK4E) go through Frederick County Division of Housing, which publishes the current terms and the application steps on its own site. Funds are reserved through Application submitted by an MMP-network lender; employment verified by Frederick County Human Resources; allow 21 days for processing. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.