Montgomery Employee Down Payment Assistance Loan (MEDPAL)
The Montgomery Employee Down Payment Assistance Loan (MEDPAL) provides down payment and closing cost assistance loans to approved Montgomery County employees purchasing in Montgomery County. Offered by Montgomery County Department of Housing and Community Affairs.
Key Facts
- Funder
- Montgomery County Department of Housing and Community Affairs
- Award amount
- Not specified by funder
- Deadline
- Rolling / not specified
- Geography
- Maryland
- Status
- Open
About This Grant
The Montgomery Employee Down Payment Assistance Loan (MEDPAL) provides down payment and closing cost assistance loans to approved Montgomery County employees purchasing in Montgomery County. The program offers a second mortgage of $50,000 with a zero percent interest rate, which is forgiven after 30 years if not paid off.
Full requirements and application instructions: official listing.
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