Transcription of GUIDELINES AND PROGRAM MANUAL January, 2017
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GUIDELINES AND PROGRAM MANUAL January, 2017
RESIDENTIAL DOWNPAYMENT. ASSISTANCE PROGRAM . First Time Homebuyers Assistance GUIDELINES AND PROGRAM . MANUAL . january , 2017. 9200 Basil Court, Suite 504, Largo, maryland 20774. Office (301) 883-5300. TDD (301)883 5428 for Hearing Impaired Only Fax (301) 883-5291 Telephone Transmitted Only TABLE OF CONTENTS. TOPIC PAGE. 1. Introduction 3. 2. Applicant Eligibility 3. 3. Credit and Mortgage Standards 3. 4. Debt Ratio Standards 4. 5. Loan Amount 4. 6. Loan Term 4. 7. Interest Rate 4. 8. Primary Residency Restrictions 5. 9. Repayment Requirements 5. 10. Household Income Limits and Income Determination 6. 11. Eligible Properties 10.
RESIDENTIAL DOWNPAYMENT ASSISTANCE PROGRAM First Time Homebuyers Assistance GUIDELINES AND PROGRAM MANUAL January, 2017 9200 Basil Court, Suite 504, Largo, Maryland 20774
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