Garrett County First-Time Homebuyer Grant

What is Garrett County First-Time Homebuyer Grant?

Garrett County First-Time Homebuyer Grant is a grant for homebuyers in Oakland, Maryland, administered by Garrett County Government; program delivered by Garrett County Community Action Committee, Inc. (GCCAC) Asset Development.

• Garrett County offers a $7,500 grant to assist eligible first-time homebuyers with down payment and closing costs, administered by Garrett County Government and delivered through the Garrett County Community Action Committee's Asset Development division. Applicants must complete the Pathways to Homeownership homebuyer education course (or equivalent HUD-approved certification) and meet income limits. The grant is commonly paired with first mortgages from local lenders, USDA Rural Development, or the Maryland Mortgage Program.
• $7,500 grant toward down payment and closing costs.
• Pairs with MMP, USDA, and local lender loans.
• Includes homebuyer counseling and training.
• Funding comes from Garrett County Government; supported by Maryland DHCD homeownership grant funding.

How much assistance does it provide?

Garrett County First-Time Homebuyer Grant offers up to $7,500 in assistance.

• The program can be combined with Maryland Mortgage Program; local lender first mortgages; USDA Rural Development financing.
• Amounts are the program's published maximums, not an offer — Garrett County Government; program delivered by Garrett County Community Action Committee, Inc. (GCCAC) Asset Development determines any individual award.

Do you have to pay it back?

Garrett County First-Time Homebuyer Grant is structured as a grant, so it is not repaid.

• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Garrett County First-Time Homebuyer Grant is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Garrett County First-Time Homebuyer Grant limits household income to $126,700.

• 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.

Where does it apply?

Garrett County First-Time Homebuyer Grant serves buyers purchasing in Oakland, Maryland.

• The program targets specific areas: Garrett County is a fully Targeted Area under the Maryland Mortgage Program.

How do you apply?

Applications for Garrett County First-Time Homebuyer Grant go through Garrett County Government; program delivered by Garrett County Community Action Committee, Inc. (GCCAC) Asset Development, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through Garrett County Pathway to Homeownership Program (in-person or online) or equivalent HUD-approved Home Buyer Certification, delivered by GCCAC Asset Development.

2. 2

   Contact Garrett County Government; program delivered by Garrett County Community Action Committee, Inc. (GCCAC) Asset Development to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.