The Closing Cost Assistance Program can be used for a down payment and/or closing costs and is provided as a secured second mortgage that is amortized over 10 years at a 5% interest rate. The maximum loan is 5% of the home sale price, not to exceed $10,000. To qualify, you must work in Montgomery County, MD. First Trust Mortgage program provides lower interest rate financing to qualified first time home buyers purchasing in Montgomery County, MD.

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