Anne Arundel County Mortgage Assistance Program

What is the Anne Arundel County Mortgage Assistance Program (Map)?

The Anne Arundel County Mortgage Assistance Program provides deferred loans to first-time home buyers in Anne Arundel County to help with down-payment and settlement costs. Direct Mortgage Loans is approved to work with this DPA program for first-time homebuyers.

How does the program work?

This program provides assistance to individuals who are facing difficulties in meeting their mortgage payments. After a borrower is approved for the program, financial assistance can be provided in various ways including direct financial aid to help cover mortgage payments, loan modifications, or assistance with past-due payments.

How much financial assistance can you receive?

The Mortgage Assistance Program provides up to $50,000 in deferred loans to first-time homebuyers.

Eligibility Requirements

To be eligible for this mortgage assistance program you must be a graduate of the ACDS Homeownership Counseling Program. To apply to this program use this link. Also, you cannot have a household income greater than 100% of the Area Median Income. The eligible properties include an existing or newly constructed residence, including detached, semi-detached and attached townhomes and condominiums, located within Anne Arundel County.

How to Apply for the Mortgage Assistance Program

If you have already graduated from the Homeownership Counseling Program download a Mortgage Assistance Program Application on the ACDS website. Use this link to download an application. You must provide the necessary documents and information on your application. Speak with your Direct Mortgage Loans Loan Officer for guidance on how to apply.

What are the benefits of the program?

There are several benefits of the program including financial relief. One of the main benefits of this program is receiving financial assistance to cover mortgage payments. This can help prevent foreclosure and maintain house stability. The program can help with closing costs, down payment assistance, and/or mortgage write downs.

FAQ’s Anne Arundel County Housing Mortgage Assistance Program

How do I know if I am eligible for the Anne Arundel County Mortgage Assistance Program?

To know if you are eligible for the Anne Arundel County Mortgage Assistance Program, you should consult the program requirements and guidelines, or contact your Direct Mortgage Loans Loan Officer.

What are the income limits for the program?

The income limits for ACDS financing vary based on the number of individuals in a household. For a single-person household, the income limit is $82,875. For a household of two, the limit is $94,688. The limit increases to $106,500 for a household of three, $118,313 for four, $127,813 for five, and $137,250 for six.

Is the program only available to first-time homebuyers?

Yes, this program is only available to first-time homebuyers that meet the eligibility criteria.

Are there any other similar programs available in Maryland?

There are several different Maryland down payment assistance programs that are like the Anne Arundel County Mortgage Assistance Program. For example, the Maryland Mortgage Program provides 30-year fixed-rate home loans to eligible homebuyers purchasing in Maryland. There is also the Emergency Mortgage & Housing Assistance Program which assists Baltimore City homeowners whose homes are at risk of foreclosure due to economic hardship related to the COVID-19 pandemic.