A Home Ownership Program For HOC Residents
HOC/HOP is a program designed to assist HOC residents in becoming financially prepared to purchase a home in Montgomery County. (A HOC resident is someone who participates in a HOC program and/or lives in a property owned or managed by HOC)
What Does the HOC/HOP Program Offer:
The HOC/HOP Program offers
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Below market interest rates
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New MPDU units to be purchased by qualified HOC residents through random lottery drawings
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Homeownership Seminars conducted by HOC, bi-annually (Spring and Fall)
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A homebuying education Certificate of Completion (HOC is a HUD approved Homebuying counselor, another source is Housing Community Initiative www.HCII.org)
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A Homeownership Specialist to work with you to help you achieve your dream of owning a home call (240) 627-9598.
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Closing Cost Assistance
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3% and 5% Down payment
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FHA Loans
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HOC/HOP Income Limits (effective 1/24/12) |
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Household Size |
Maximum Income |
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1 |
52,500 |
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2 |
60,000 |
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3 |
67,500 |
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4 |
75,500 |
|
5 |
81,500 |
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Who should apply for this program
Application for HOC/HOP Program: (This is NOT the Housing Choice Voucher Waiting List application)
Questions & Answers
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