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  • Mpdu Wfhu Purchase Program Application Packet - Gaithersburgmd

Get Mpdu Wfhu Purchase Program Application Packet - Gaithersburgmd

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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How to fill out the MPDU WFHU Purchase Program Application Packet - Gaithersburgmd online

The MPDU WFHU Purchase Program Application Packet is essential for households looking to purchase a Moderately Priced Dwelling Unit in Gaithersburg. This guide provides clear, step-by-step instructions to help you complete the application accurately and efficiently online.

Follow the steps to successfully complete your application.

  1. Click the ‘Get Form’ button to access the application form and open it for editing.
  2. Begin by reading the instructions on pages one and two of the application packet. Ensure you understand the eligibility requirements and necessary documentation.
  3. In Section 1, complete all applicant information, including names, social security numbers, and current addresses for both the applicant and co-applicant.
  4. Fill out your employment details in Section 2, providing your employer's information and income details. Ensure you include gross salary, overtime, and any additional income.
  5. In Section 3, list all household members, including their relationships, genders, and dates of birth.
  6. Complete the required certifications by reviewing the statements provided in Section 4, confirming your understanding and agreement by signing and dating the application.
  7. Prepare your attachments. You will need to collect photocopies of your tax returns, pay stubs, lender pre-qualification letter, and first-time homebuyer certificate. Ensure all documents are included with the application to avoid rejection.
  8. Once the application is complete, save your changes, and download or print the form for submission.
  9. Submit your completed application along with the required documentation by mail or in person, as faxed or emailed applications will not be accepted.

Complete your MPDU WFHU Purchase Program Application Packet online today to start your journey towards homeownership.

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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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