Montgomery Employee Down Payment Assistance Loan (MEDPAL)

Montgomery Employee Down Payment Assistance Loan (MEDPAL) es un segundo préstamo diferido para compradores de vivienda en Statewide, Maryland. Maryland DHCD MMP MEDPAL - up to $25,000 additional deferred 0% DPA EXCLUSIVELY for Montgomery County government employees buying in Montgomery County. Layers on top of MMP first + standard MMP DPA second. 640 FICO. County-Wide (Montgomery County only). Maryland DHCD's Montgomery Employee Down Payment Assistance Loan (MEDPAL) is a partnership program providing additional down-payment / closing-cost assistance EXCLUSIVELY to MONTGOMERY COUNTY GOVERNMENT EMPLOYEES who purchase a home in Montgomery County. Provides up to $25,000 in additional 0% deferred second-mortgage assistance, layered on top of an MMP first mortgage and standard MMP DPA second. The MEDPAL second is non-amortizing - no monthly payment - due on sale/refinance/transfer/payoff. Eligibility restricted to active Montgomery County government employees (county departments, agencies, MCPS public school staff, Montgomery College staff, and partnered Montgomery County government entities per current MEDPAL guidelines). Income up to $228,000 (Montgomery County high-cost limit). 640 FICO. Homebuyer education required. Los fondos provienen de State y Bond.

Montgomery Employee Down Payment Assistance Loan (MEDPAL) ofrece hasta $25,000 de ayuda. Aporte del comprador de vivienda: No mandatory MMP minimum borrower contribution; agency overlays may impose minimum. El programa se puede combinar con otras ayudas, sujeto a las reglas de cada una. Los montos son los máximos publicados por el programa, no una oferta: la agencia que administra el programa determina cualquier ayuda individual.

Montgomery Employee Down Payment Assistance Loan (MEDPAL) es diferido, así que no hay pagos hasta que la vivienda se venda o se refinancie, o se termine de pagar la primera hipoteca. El reembolso se activa por 0% deferred soft second. Full balance due on sale, refinance, transfer of title, payoff of first mortgage, or non-owner-occupancy. No monthly payment. No forgiveness schedule. La ayuda se registra con un gravamen en posición 3rd Lien. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Montgomery Employee Down Payment Assistance Loan (MEDPAL) está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: FTHB waived in federally targeted tracts and for qualifying veterans. Sobre el crédito, el programa indica: 640 minimum FICO across all eligible first-mortgage products. Se requiere un curso de educación para compradores de vivienda, a través de MMP-approved homebuyer education provider network. Requisito de residencia: Property must be located in Montgomery County, Maryland and be the borrower's primary residence. County-Wide eligibility. Ciudadanía o situación migratoria: U.S. citizen, permanent resident, or qualifying non-permanent resident alien. MONTGOMERY COUNTY GOVERNMENT EMPLOYEE RESTRICTION: At least one borrower must be an ACTIVE EMPLOYEE of Montgomery County government (county departments, agencies, MCPS - Montgomery County Public Schools, Montgomery College, or other partnered Montgomery County government entities per current MEDPAL guidelines). Employer verification letter / employment verification required at reservation. Property must be located in Montgomery County, MD. FTHB required (waived in federally targeted tracts and for qualifying veterans). Owner-occupied primary residence. 640 FICO, 45% DTI. Income $157,500 - $228,000 (Montgomery high-cost tier per MEDPAL fact sheet). Purchase price within MMP Montgomery County acquisition-cost limits (up to $1,535,015). Homebuyer education required. MMP-approved lender + master servicer. Schema does not include a 'specific government employer' boolean - the Montgomery County government employer restriction is the program-defining eligibility criterion, captured here in special_requirements / special_population_notes / program_description.

Montgomery Employee Down Payment Assistance Loan (MEDPAL) limita el ingreso del hogar a $228,000. El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Montgomery Employee Down Payment Assistance Loan (MEDPAL) limita el precio de compra a $1.5M. Los tipos de propiedad elegibles incluyen Single-family detached, 2-unit owner-occupied (per overlays), condo (approved), townhouse, PUD. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Montgomery Employee Down Payment Assistance Loan (MEDPAL) atiende a compradores de vivienda que compran en Statewide, Maryland. El programa se dirige a áreas específicas: Montgomery County is a high-cost MD county with elevated income / purchase-price limits. Federally targeted census tracts within Montgomery County receive additional MRB FTHB-waiver benefit.

Las solicitudes de Montgomery Employee Down Payment Assistance Loan (MEDPAL) se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Reserved through MMP Lender Online portal at rate lock. MEDPAL designation flagged with Montgomery County government employer verification at reservation. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.