News Flash

County News

Posted on: April 3, 2018

Critical Workforce Mortgage Program Seeks Applicants for Zero Interest, Deferred Payment Loans

mortgage prog websize

Donald Smith, a 12-year-volunteer with the Crumpton Volunteer Fire Department, received a $50,000 zero interest, deferred payment loan as part of Queen Anne’s County’s Critical Workforce Mortgage Program.Pictured from left are County Commissioners Steve Wilson and Commissioner Mark A. Anderson, new homeowners Donald Smith and Anna King and County Commissioner Jack N. Wilson.

 The Queen Anne’s County Department of Housing and Community Services is pleased to announce the 74th qualified candidate for the Critical Workforce (CWF) Deferred Second Mortgage for moderate-income homebuyers in the county. Under this program, eligible recipients can receive funding to help purchase a home in the county.

 Critical Workforce Employees are defined as: Queen Anne’s County volunteer firefighters,
who have served for at least 12 months and have been verified by the president or chairman of the volunteer chief’s association, Detention Center corrections officers, emergency medical technicians, county and Centreville police and teachers who are employed by the county’s board of education.

 The funding comes in the form of a load that will not have to be paid back until the sale of the home. Loans will be awarded to applicants who meet all the criteria in an amount not more than 33 percent of the appraised value of the home or not to exceed $50,000. The home must be located in Queen Anne’s County and must be the applicant’s primary and only residence. No payments need to be made on the loan until the property is sold or is no longer the owner’s principal residence at which point the interest free loan is due and payable in full. Once the loan has been paid back, those funds go back into the program.

 Critical Workforce Mortgage Loans are awarded on a first-come first-served basis and not guaranteed.

 In addition to meeting the certain income limits, an individual or family may not currently own a home, nor have owned a home within the last five years. They must have a good credit rating, steady income, and the home must be affordable for their income. Along with the application process, an individual or family must be able to obtain a pre-qualification letter from a lending institution for an amount not less than the purchase price and remain income eligible up to the time their mortgage is submitted for underwriting. Each eligible person must provide a certificate showing they have completed 6 hours of home ownership counseling, and have 90 days to secure a contract on a home.

For more information, and to obtain an application, please contact Anne Van Benschoten, Housing Program Administrator at (410) 758-3977 x 2064 or visit our website and click on the Affordable & Workforce Housing Unit link on the left-hand side.

Facebook Twitter Email

Other News in County News

VisitQAC Photo Contest

#VisitQAC Photo Contest Winners

Posted on: March 12, 2019

Earth Day 2019 School Video Competition

Posted on: February 13, 2019

Easter Egg Hunts - 2 Locations/2 Dates

Posted on: January 24, 2019

Scam Using DES's Phone Number 1/22/19

Posted on: January 22, 2019

QAC's Senior Centers Create Video

Posted on: January 16, 2019

QAC Commissioners' Year in Review

Posted on: December 7, 2018
Haz Mit plan update website

DES Updates Hazard Mitigation Plan

Posted on: December 6, 2018

QAC Goes Purple Artistic Sign Donation

Posted on: September 13, 2018

Know Your Evacuation Zone

Posted on: June 14, 2018

SKI Rate Schedule Adopted

Posted on: August 30, 2018

Safe Disposal of Mercury Thermostats

Posted on: August 9, 2018

Book Swap Box at Matapeake Beach

Posted on: June 5, 2018

QAC to Increase School Security

Posted on: May 25, 2018

FY19 Budget Presentation

Posted on: May 10, 2018
Steve Chandlee 1 websize

Big Changes at QAC Parks & Recreation

Posted on: April 19, 2018