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  • Mpdu Wfhu Purchase Program Application Packet - Gaithersburgmd

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The City of Gaithersburg (MPDU and WFHU) Purchase Program Application Packet http://www.gaithersburgmd.gov/services/housing-services Instructions The City of Gaithersburg uses this application to.

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A. No, the MPDU Office will not check your credit history. But your credit history will be reviewed by the lender to verify whether you would qualify for a mortgage loan of at least $150,000. If you qualify, the lender will give you a prequalification letter to include with your application.

Moderately Priced Dwelling Units (MPDUs) are affordably priced homes – both new and resale – offered to first-time homebuyers who have a moderate level of household income.

A. At a minimum, you must earn at least $40,000 and be able to qualify for a mortgage loan of at least $150,000 and have savings for a down payment and closing costs. The amount of money that you can borrow to buy a home will depend on several factors, including your credit history, your savings, job stability, etc.

The minimum income limit necessary for the Purchase Program is $40,000.

The Moderately Priced Dwelling Unit (MPDU) program has both minimum and maximum income limits that apply to purchase applicants and prospective tenants. The maximum income limits are updated annually, usually in April of each year. The minimum income limit necessary for the Purchase Program is $40,000.

In order to afford a home under this program, a household must earn at least $40,000 in a year to qualify to purchase an MPDU. The maximum income limits change annually, usually in the spring. For current income limits, go to the MPDU Purchase Applicant's website.

Tenants interested in an MPDU rental unit must apply directly to one or more of the MPDU apartment communities. The management company at the apartment community will give you an application, verify income and credit history, and determine eligibility or ineligibility to rent an MPDU apartment.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232