Mortgage Assistance Program (MAP)

What is Mortgage Assistance Program (MAP)?

Mortgage Assistance Program (MAP) is a deferred second loan for homebuyers in Anne Arundel County, Maryland.

• The Mortgage Assistance Program (MAP) is Anne Arundel County's flagship down-payment and closing-cost assistance program for first-time homebuyers, administered by Arundel Community Development Services, Inc. (ACDS) on behalf of Anne Arundel County. MAP provides up to $20,000 as a 0% interest deferred-payment second mortgage. Funds are sourced from HUD HOME and CDBG pass-through dollars and from county general-fund appropriations. The program covers all of Anne Arundel County except the City of Annapolis (which has its own program). Maximum purchase price is $500,000. Income limits track HUD 80% AMI for the Baltimore-Columbia-Towson MSA.
• Up to $20,000 in down-payment and closing-cost assistance as a 0% interest deferred-payment second mortgage for first-time homebuyers purchasing in Anne Arundel County (excluding the City of Annapolis). Funds may also be used to reduce mortgage principal in select transactions. No monthly payments.
• loan is repaid upon sale, refinance, transfer, or when the home ceases to be the borrower's primary residence.
• Funding comes from HOME, CDBG, Federal, and Local Government.

Do you have to pay it back?

Mortgage Assistance Program (MAP) is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by Deferred 0% second-mortgage repayable in full upon sale, refinance with cash-out, transfer, or loss of primary-residence status. No monthly payments while occupied as primary residence.
• The assistance is recorded in 2 position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Mortgage Assistance Program (MAP) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Mortgage Assistance Program (MAP) limits household income to 80% of the area median income, which varies by county and household size.

• Household income at or below 80% Baltimore-Columbia-Towson MSA AMI: 1-person ~$85,563; 4-person ~$122,150; 8-person ~$141,750. Limits updated annually by HUD.
• 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?

Mortgage Assistance Program (MAP) caps the purchase price at $500,000.

• Eligible property types include Single-family detached, Townhouse, and Condominium.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Mortgage Assistance Program (MAP) serves buyers purchasing in Anne Arundel County, Maryland.

How do you apply?

Applications for Mortgage Assistance Program (MAP) 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 ACDS-approved HUD housing counseling agencies; 8-hour homebuyer education certificate required..

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through First-come, first-served; applicant works with ACDS-approved lender and submits application package through ACDS., 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.