LEDC Down Payment Assistance Program

What is LEDC Down Payment Assistance Program?

LEDC Down Payment Assistance Program is a grant for homebuyers in Maryland.

• The LEDC Down Payment Assistance Program is administered by the Latino Economic Development Center (LEDC), a HUD-approved bilingual housing counseling agency and CDFI serving the DC metropolitan area (DC, MD, VA). The program provides non-repayable grants for down-payment and closing-cost assistance to income-qualified first-time homebuyers, with mission-driven outreach to Latino and immigrant homebuyers. Buyers must complete LEDC's homebuyer-education class and individual counseling.
• Down-payment / closing-cost grant of up to approximately $15,000 for income-qualified first-time homebuyers, with primary outreach to Latino and immigrant homebuyers in the DC metropolitan area (DC, MD, VA). Non-repayable grant administered through LEDC's HUD-approved housing counseling program.
• Funding comes from CDFI, Private, Foundation, and Federal.

How much assistance does it provide?

LEDC Down Payment Assistance Program offers up to $10,000 in assistance.

• Buyer contribution: Per first-mortgage program.
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

LEDC Down Payment Assistance Program is structured as a grant, so it is not repaid.

• Repayment is triggered by None - non-repayable grant.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

LEDC Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

LEDC Down Payment Assistance Program limits household income to 120% of the area median income, which varies by county and household size.

• Household income approximately $66,750 (1-person) to $125,800 (8-person) - 80% HUD AMI for the Washington-Arlington-Alexandria HMFA.
• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

LEDC Down Payment Assistance Program caps the purchase price as follows: No fixed dollar maximum; limits per LEDC program guidelines.

• Eligible property types include Single-family detached, Townhouse, Condominium, and 2-4 unit (owner-occupied).
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

LEDC Down Payment Assistance Program serves buyers purchasing anywhere in Maryland.

How do you apply?

Applications for LEDC Down Payment Assistance Program go through the administering agency, 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 Latino Economic Development Center - HUD-approved bilingual housing counseling agency; 8-hour homebuyer-education class required..

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Application via LEDC; first-come, first-served subject to annual grant allocations., 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.