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Homebuyers Education
In 1997, HCI began a first-time homebuyer education
program for the HOC's Montgomery County Closing Cost Assistance
Program (MCCCAP). This three-hour course is still taught today, four
times each month, and is a prerequisite for several county first-time
homebuyer programs, including the county's MPDU program and the City
of Rockville's REACH program. Each home buyer must complete the required
no-cost homebuyer education process prior to the loan application
process.
In this three hour course, HCI will give you the information that you need
on the home purchase and financing processes. Our homebuyer education
courses are taught by leading experts in the housing community
(realtors, mortgage lenders, and settlement attorneys). All courses
are FREE, but pre-registration is required.
HCI's First-Time Homebuyer classes are
designed to give participants all of the information they need to make
informed decisions about the home buying process. The class covers the
role of the real estate agent, how to qualify for and obtain a
mortgage loan, and what the settlement process entails.
Click
here to REGISTER and to
see a schedule of
available Homebuyers Education classes.
- Click
here for a list of our
Volunteer Instructors for 2007.
- Click
here for a list of our Volunteer Instructors for 2006.
- Click here for a list of
our Volunteer Instructors
for 2005.
HCI does not discriminate on the basis of race, color, national origin,
religion, sex, familial status, or disability.
This service is free and open to all Montgomery County residents.
Rockville's R.E.A.C.H. Program

R.E.A.C.H. (Real Estate Effort for Affordable Community Housing)
is a non-profit partnership between the City of Rockville and HCI.
The program’s mission is to
assist first-time homebuyers who can afford a mortgage payment in overcoming the barriers presented by
the upfront expenses associated with purchasing a first home.
REACH FOR THE AMERICAN
DREAM
Applications will be processed
on a first-come, first-served basis.
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Do you live
and/or work within the Incorporated Limits of the city
of Rockville? |
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Would a loan for down
payment and/or closing costs help you become a first-time
homebuyer? |
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Is your total household
annual income equal to or less than $98,400? |
If you
answered yes to these questions, you might want to consider
applying for a R.E.A.C.H.
loan.
TO QUALIFY FOR A
R.E.A.C.H. LOAN:
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Applicant(s) must live or
work within Incorporated Limits of the City of Rockville. |
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The property being
purchased must be located within the Incorporated Limits of
the City of Rockville.
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Applicant(s)
must be first-time homebuyer (not having owned a home within
the last 3 years). |
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Applicant(s)
must have a total household annual income of less than or
equal to $98,400. |
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Applicant(s)
must attend HCI's First-Time
Homebuyers Seminar. |
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Applicant(s)
must pre-qualify for a mortgage
loan.
The maximum R.E.A.C.H. down payment and closing cost
assistance shall be $12,000. It is an interest-free
loan that must be repaid over Seven (7) years. |
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Applicant(s) may choose to
use the R.E.A.C.H. loan for down payment and/or for closing
costs. |
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