Good news for First time home buyers in Charles County, Maryland. Help has arrived in the form of a Settlement Expense Loan Program (DSELP).

The Charles County DSELP program has raised their limits so that more first time buyers are able to qualify..  You can now qualify if you make the following

 Family size              INCOME

1                                56,000

2                                64,000

3                                72,000

4                                80,000

5                                86,375

6                                92,800

 

This program is great for first time home buyers, that need help with there  3.5% FHA down payment. 

 

The Housing Authority administers the Settlement Expense Loan Program (SELP) for Charles County. The Program is sponsored by the Housing Commission of Charles County, with the support of the Charles County Commissioners. This Program provides direct financial assistance up to $6,000 to qualified low-and moderate income, first time home buyers, with settlement expenses associated with a home purchase in Charles County.

 

For more details and to see if you qualify, E-mail or call Leisa Brown with Bank of America Home Mortgage at 240-216-6261.