Gaithersburg Homebuyer Assistance Loan Program

The city of Gaithersburg provides down payment and closing cost assistance for purchasers in the amount of $12,000 (blue areas) or $25,000 (yellow areas).ghalp

You will repay the assistance without any interest due.  You may finance this loan alongside an FHA or Conventional or VA loan program.  The minimum credit score is 620 for all applicants.  You must not have owned real estate within the past five years. A radon and home inspection are also requirements of submission to the city.  The income caps are based on household size and are:

ghalp cap

You must complete a first time buyer counseling class at one of these agencies:

  • Housing Initiative Partnership –Website
  • Housing and Community Initiative –Website
  • Asian American Homeownership Counseling, Inc. –Website

Here are all the street names eligible

Here are your next steps:

  1. Fill out the GHALP form here
  2. Pre-qualify now

Questions? or 240 479 7658