ReShawna Leaven, Realtor® ~ VA, MD & DC
Keller Williams Realty

Keller Williams Realty
Alexandria
6408 Grovedale Drive, Suite#101 Alexandria VA 22310

Mortgage Purchase Program (MPP)

  • Agency: Housing Opportunities Commission
  • Borrower Eligibility: First Time Buyer
  • Credit Score: 640
  • Tax Returns: Last 3 Years
  • Post Occupancy: No more than 30 days
  • Property Eligibilty: New, Existing or MPDU Unit in Montgomery County
  • Income Eligibility: See Income and Sales Price Limits


Option 1 - Revolving Closing Cost Assistance Program (RCCAP) “5 for 5”

  • Second Mortgage: 5% of the sales price up to $10,000 (downpayment and/or closing costs)
  • Term: 10 years at 5% interest rate

Option 2 - House Keys 4 Employees (HK4E)

  • Borrower Eligibility: First Time Buyer and working as a Montgomery County Government

Option 3 of the MPP

  • Down Payment and Closing Costs Assistance: 3% of the sales price
  • Second Mortgage: Deferred Loan at 0%
  • Monthly Payments: No
  • 5 Year Stay Requirement
  • Loan must be repaid within 5 years if sold or refinanced