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Montgomery County Homeownership Assistance Fund IIl

EFFECTIVE: MONDAY, JULY 27, 2020 and until all funds have been exhausted.


The Montgomery County Homeownership Assistance Fund “McHAF” a partnership between the Housing Opportunities Commission of Montgomery County (“HOC”) Single Family Mortgage Purchase Program (“MPP”) and Montgomery County Department of Housing and Community Affairs (“DHCA”), will provide to eligible Maryland first time homebuyers purchasing a home in Montgomery County a deferred Down Payment and Closing Cost Assistance loan granting up to 40% of the household’s qualifying income for a maximum of $25,000.

This is the third allocation of $1 million being provided by DHCA.


If you're ready to take advantage of this special program:

  • Talk to a HOC Participating Lender and Check Your Eligibility - Your lender can help you confirm your eligibility for the Montgomery County Homeownership Assistance Fund III and the HOC Mortgage Purchase Program and will make sure you meet all the requirements.
  • Please note that being eligible does not guarantee approval. Lenders will take into account things like your income, credit history and employment situation.
  • Must have a sales contract before a lender can reserve the funds.
  • Click here for more information about terms of the program.

For more information, please email us at: This email address is being protected from spambots. You need JavaScript enabled to view it. or contact a HOC Participating Lender