Critical Workforce Mortgage Program seeks applicants
CENTREVILLE — The Queen Anne’s County Division of Housing and Community Services is pleased to announce the re-opening of the Critical Workforce Program for moderate-income homebuyers in the county beginning Nov. 14. There are currently five openings for individuals that qualify for the Critical Workforce Mortgage Program.
Applicants must be income eligible and employed in law enforcement, public safety, education, local government or serve as an active volunteer firefighter.
Annual income eligibility is as follows: one person, $46,000; two persons, $52,600; three persons, $59,150; four persons, $65,700; five persons, $71,000; six persons, $76,250; seven persons, $81,500; and eight persons, $86,750.
Other requirements for eligibility are as follows: an individual or family may not currently own a home or have owned a home in the last five years; an individual or a family must have a good credit rating, steady employment, and the home must be affordable to their income; eligible persons must be able to obtain a pre-qualification letter from a lending institution for an amount not less than the purchase price of the home minus the second mortgage financing, and must remain income eligible up to the time their mortgage loan is submitted for underwriting—a co-signer or guarantor is permitted with respect to the primary financing provided such person co-sign or guarantee the CWF loan; and each eligible person must complete homeownership counseling.
Qualified applicants must be working in the county full time in their field and be paid by county or municipal government. Jobs may include but are not limited to: law enforcement officers, detention center employees, active 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, emergency medical technicians, paramedics and teachers.
Loans are not guaranteed, but granted based upon receipt of a signed certificate on would receive once their application packet is turned in and the candidate qualifies. Certificates will be awarded in the order that applicants are receive and processed. Certified applicants have 90 days to secure a contract on a home. The loan must be used to purchase the employee’s primary residence. When all five loans have been awarded, the county will not keep a running waiting list, but encourage interested applicants to hold onto their application packets for the next opportunity.
For more information, and to obtain an application, contact Brittany Brady, Housing Program Administrator, at 410-758-3977, ext. 2070, or visit www.qachousing.org and click on the Critical Workforce link on the left.