Friday, June 13, 2014

Homeownership for Individuals with Disabilities Program (HIDP) from DCHD

Did you know Maryland offers home loans with low to no down payment for individuals with disabilities or taking care of someone with disabilities?  Click the link below for more details.  Once you get approved contact me to help you find your home!

Homeownership for Individuals with Disabilities Program (HIDP)


The Homeownership for Individuals with Disabilities Program is offered through the Maryland Department of Housing and Community Development (DHCD) and is available statewide. Please call Single Family Housing at 410-514-7530 or e-mail to  for additional information.

Eligible Borrower(s):

  • One of the borrowers is disabled OR
  • One of the borrowers has a son or daughter who is disabled
    • regardless of the age of the son or daughter;
    • who resides with one of the borrowers and is cared for principally by one of the borrowers
  • One of the borrowers is a guardian for an immediate family member who is disabled
    • An immediate family member includes a spouse, domestic partner, son, daughter, brother, sister, mother or father;
    • regardless of the age of the immediate family member;
    • who resides with one of the borrowers and is cared for principally by one of the borrowers
  • A disability is defined as a physical or mental impairment that substantially limits one or more major life activities (for example, hearing, seeing, speaking, sitting, standing, walking, concentrating, or performing manual tasks). The definition does not include a person whose disability is based solely on any drug or alcohol dependence.
  • A "Certificate of Disability" completed by a health, mental health, or disability professional is required.
  • All borrowers must meet program eligibility guidelines and the loan must conform to all underwriting criteria.
  • Must be a first-time homebuyer unless buying in a targeted area or a veteran and exercising one-time exemption to first-time homebuyer requirement (must provide copy of DD-214).


Not Permitted

Eligible Jurisdictions:

Available statewide.

Eligible Properties:

  • Existing or newly constructed homes.
  • Newly constructed homes must be located in Priority Funding Areas. 1

Proximity Rule:

  • Occupancy implies that the home is located within reasonable proximity of the borrower’s place of employment.
  • If the borrower’s employment requires the borrower’s absence from home a substantial amount of time, the following two conditions must be met:
    • The borrower must have a history of continuous residence in the community; and
    • There must be no indication that the borrower has established, or may be required to establish, principal residence elsewhere.

Homebuyer Counseling:

  • Refer to the list of counseling agencies for one in your area.
  • A homeownership counseling certificate must be received by all buyers prior to execution of a contract of sale for a property that will be purchased under this program (contracts of sale that are executed prior to completion of homeownership counseling will not be eligible).
  • Counseling certificate may not be more than one year old at the time of closing

Home Inspection:

Required. Fire, safety and health issues must be addressed.

Interest Rate:

  • 2.75% - 4.75% (subject to change) based on borrower qualifying at a housing expense ratio not greater than 30.0% [principal and interest payment of mortgage loan + monthly escrow amount for taxes and hazard insurance divided by the gross monthly income of the borrowers] and a total debt-to-income ratio not greater than 38.0% [housing expenses plus long term debt divided by the gross monthly income of the borrowers].
  • Borrower may be required to respond to income monitoring during the term of the loan; rate may be increased after closing if Borrower's household income exceeds the Maximum Current Annual Household Income.
  • If prequalification is required, qualify borrower at a 4.75% interest rate.

Maximum Current Annual Household Incomes:

The total combined income of all members of the household may not exceed:
  • $106,100: Washington D.C. PMSA (Calvert, Charles, Frederick, Montgomery, and Prince George’s Counties);
  • $89,400: St. Mary’s County; and
  • $88,100: all other areas of the State.

Maximum Purchase Prices:

  • $289,470: counties of Allegany, Caroline and Dorchester;
  • $287,257: non-targeted areas of Wicomico County; and
  • $300,000: remainder of the State.

Maximum Underwriting Ratios:

  • 30.0%: the maximum housing expense to income ratio
  • 38.0%: the maximum total debt-to-income ratio
  • Exceptions to these ratios will be considered up to 32.0%/40.0% with at least two strong compensating factors.

Non-Taxable Income:

  • If a particular source of regular income is not subject to federal income taxes (for example, certain types of disability and public assistance payments, military allowances), the amount of continuing tax savings attributable to the non-taxable income will be added to the borrower’s gross income when calculating the borrower’s underwriting ratios.
  • The percentage of income that is added is the appropriate tax rate for that income amount.
  • If the borrower is not required to file a federal income tax return, the tax rate that will be used is 25 percent.

Minimum Credit Score:

In order to be eligible for a Homeownership for Individuals with Disabilities Program loan, the representative (middle score of three scores or the lower score of two scores) credit score must be 640 or above.


  • Satisfactory credit history required.
  • Borrowers having no traditional or non-traditional credit history are not eligible
  • In the absence of a credit score on the credit report, evidence of acceptable non-traditional qualifying credit, such as a satisfactory rental history, satisfactorily paid utility (cable, telephone, electric and gas) bills, satisfactorily paid insurance (renter’s or car) bills, etc. may be considered.
  • Applicants must have established an acceptable credit rating for at least one year from the date of the release of a judgment or collection account.
  • An exception to this policy will be considered if the paid collection account or judgment was a medical account with a nominal balance and applicant has a reasonable explanation why the account was delinquent.
  • If the borrower had a bankruptcy, it must have been discharged for at least four years


30 years

Processing Fee:

$1,000.00 (may be financed).

Minimum Cash Contribution:

$500.00 (entire amount can be gifted).

Mortgage Insurance/Guarantee:

Not required.
Revised 06/26/13

1 A Priority Funding Area (PFA) is an older community or locally-designated growth area where State and local governments already have a significant financial investment in the existing infrastructure and want to target their efforts to conserve natural resources and farmland while encouraging and supporting sensible economic and residential growth. Municipalities, Baltimore City and areas inside the Baltimore and Washington beltways are PFA's. For new construction, it must be confirmed that the property is located in a PriorityFunding Area by using theInteractive Online Maps on DHCD website or by

For More Information:

  • Email Single Family Housing ( or Contact:
  • Single Family Housing
  • Community Development Administration
  • Maryland Department of Housing and Community Development
  • 100 Community Place
  • Crownsville, MD 21032-2023
  • 410-514-7530
  • Toll Free (Maryland Only): 800-638-7781
  • Fax: 410-987-4136

Thursday, June 12, 2014

This Weekend: Prince George's County Housing Fair - A Great Place to Live

Prince George's County Housing Fair

Prince George's County -Great Place to live  
Prince George's County...A Great Place to Live!
The Prince George's County Department of Housing and Community Development (DHCD)presents the 2014 Housing Fair on Saturday, June 14, 2014 from 9:00 a.m. to 3:00 p.m. at the Sports and Learning Complex, 8001 Sheriff Road, Landover, MD  20785 (next to FedEx Field).
The Department of Housing and Community Development and the Redevelopment Authority of Prince George's County (RDA) will host its 3rd House Lottery and draw the name of one lucky winner to purchase a single-family home in Prince George's County at a substantially reduced price. (Only pre-qualified candidates can enter their names into the pool of applicants)  If the winner is eligible, the RDA could provide a 5% down payment and closing costs for the home.  Visit the First-Time Home Buyer House Lottery website under Resources for more details.  The application deadline is:  June 6, 2014


Visit with:
  • Mortgage Lenders
  • Housing Counselors
  • Rental Property Managers
  • Realtors
  • Real Estate Attorneys
  • Home Developers
  • Non-Profit Organizations
  • Government Agencies
Learn About:
  • Finding Affordable Housing
  • Managing your Money and Credit
  • Avoiding Housing Scams
  • Foreclosure Prevention
  • First -Time Homebuyer Programs
  • Financial Literacy
Call (301) 883-5094 for more information and sponsorship/exhibit booths.
Exhibit Booth Application Deadline Date:  May 30, 2014

Sunday, June 1, 2014

Realtors Give Back!

9200 Basil Court, Suite 400  •  Largo, MD 20774
301-306-7900 phone  •  301-306-8273 fax  •

May 22, 2014

Joan Ostenso, Executive Vice-President –
                        Don Frederick, Chair, Scholarship Committee – 240-601-4690
County REALTORS® Award $8,000 in Scholarships to High School Seniors
The Prince George’s County Association of REALTORS®, the county’s leading advocate for real estate and private property rights, is presenting three Prince George’s County high school seniors with $2,500 college scholarships, and one $500 scholarship through the Association’s David Maclin Memorial Scholarship Fund.

The David Maclin Memorial Fund, is one of the Association’s premiere community service endeavors. In honor of the late REALTOR David Maclin’s contributions to Prince George’s County, the fund recognizes a student’s commitment to community service, based on the theme “How I Made A Difference In My Community”.

At a special “Fun Run” 5K event on April 12th, at the Community of Marlboro Ridge, four Prince George’s County senior graduates were recognized for their scholarship. In addition, over 100 REALTORS and others participated in the run to raise money for the fund to help sustain its future availability to Prince George’s County students.

“It’s not easy reading and picking just a few essays because you want everyone to win”, said  committee member, Linda Simpson.  “Some of these students really work hard and are making a difference in their community and it’s just amazing”, commented Donald Fredrick, Chair of the David Maclin Scholarship Committee.

“I like to hear the stories of how the scholarship has helped each recipient and to see them after they graduate college” said Juanita Maclin, the Co-Chair of the Scholarship Committee and the wife of the deceased, David Maclin.

Those that received this year’s 2014 scholarships are:
Dy’Mon Walker of Henry A. Wise, Jr. High School is planning to attend Spelman College – Awarded $2,500
Amarachi Ekekwe from Bladensburg High School will attend Bucknell University –Awarded $2,500
Natassja Pupuma of Henry A. Wise, Jr. High School will attend Morgan State University – Awarded $2,500
Faith Esene of Charles Herbert Flowers High School, will attend The University of Maryland – Awarded $500  
PGCAR is the voice for REALTORS® in Prince George’s County, Maryland. Representing more than 2,800 real estate professionals in the national capital area, PGCAR provides numerous services vital to its members' daily business needs. It also works with lawmakers to ensure public policy that encourages homeownership, promotes an environment conducive to business growth and works to improve the communities in which its members live and work. 

Michael Graziano
Director of Government Affairs
Prince George’s County Association of REALTORS, Inc.
9200 Basil Court, Suite 400
Largo, MD 20774