It just got better !!! Montgomery County HOC Program !!

By
Real Estate Agent with RE/MAX Realty Group

They will loan the borrower 5%, up to $10,000 for down payment or closing costs!!!!!!!
 
The best program in Montgomery County, now even better.

"HOC RAISES INCOME LIMITS"
 
PLEASE SHARE THIS IMPORTANT INFORMATION WITH ALL !!!!!!
 
CONTACT YOUR CLIENTS AND POTENTIAL CUSTOMERS !!!!
 
EFFECTIVE WEDNESDAY,  MAY 6, 2009 the Housing Opportunities Commission approved the INCREASE IN THE INCOME LIMITS for the Mortgage Purchase Program and Closing Cost Programs. 
 

 

NEW INCOME LIMITS:
 
Household        Maximum
 Size                  Income
   1                 $  86,268
      2                 $ 123,240   
   3                 $ 143,780
 
 
NO CHANGE to the MAXIMUM SALES PRICE:  $ 429,619 Existing and New Properties

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Topic:
Real Estate General Information
Location:
Maryland Montgomery County Gaithersburg
Groups:
Posts to Localism
Montgomery County Maryland Real Estate Professionals
1st Time Buyers
Tags:
first time homebuyers
montgomery county
buyer
housing oppurtunity commission
hoc

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Rainmaker
185,145
Sheila Moran
RE/MAX Access (Garden Ridge, San Antonio, New Braunfels) - New Braunfels, TX
SanAntonioSheila.com, RE/MAX Access, 210-32

Laura,

Sounds like awesome news for your area!  Good for you.

 

May 27, 2009 08:17 PM #1
Rainmaker
180,268
Laura Gray
RE/MAX Realty Group - Gaithersburg, MD

Sheila - We can only hope , many agents are afraid of this loan because "they" never have used it before. I used this program for many clients in the 90's and it is back in style again. Recycling at it's best LOL !

 

As Always Thank You for Stopping By

May 27, 2009 08:33 PM #2
Rainmaker
540,318
Maria Morton
BHG Real Estate - Kansas City Homes - Kansas City, MO
Kansas City Real Estate 816-560-3758

Laura, this could be very helpful for some first time buyers. Good income limits, too!

May 27, 2009 10:18 PM #3
Rainmaker
180,268
Laura Gray
RE/MAX Realty Group - Gaithersburg, MD

Maria - Yes our COLA rates are pretty good in the payment department. But that is because or prices on everything are so high !

 

As Always Thank You for Stopping By

May 28, 2009 05:23 PM #4
Rainer
105,417
Teresa Harris
Lake Real Estate, LLC - Denver, NC
Denver . Lake Norman . Charlotte

Hi Laura, This is great news for your area.....

May 28, 2009 09:33 PM #5
Rainmaker
180,268
Laura Gray
RE/MAX Realty Group - Gaithersburg, MD

Teresa - Especially if the buyers will jump off the fence and actually use the program , it is a great tool for the first time buyer

As Always Thank You for Stopping By

May 29, 2009 07:33 AM #6
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Rainmaker
180,268

Laura Gray

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