Income and Purchase Price Limits
See how you qualify. Check out the income and purchase price
limits where you want to buy. For an FHA-insured loan , the Maximum Loan Amount
for the Maryland Mortgage Program under the MBS Program is the LESSER
of $417,000 or the FHA Maximum Mortgage Amount (may only be exceeded by the
amount of the FHA Up Front Mortgage Insurance Premium).For a VA-guaranteed
loan; RHS-guaranteed loan; or a conventional loan,the Maximum Loan Amount for
the Maryland Mortgage Program under the MBS Program is $417,000.
INCOME LIMITS, MAXIMUM ACQUISITION COSTS & FHA MAXIMUM MORTGAGE LIMITS FOR
2012
|
Counties & City
|
Household Size
|
Income Limits^
|
Maximum Acquisition Costs
|
FHA
Maximum
Mortgage
Amounts
|
|
Non-Targeted
|
Targeted
|
Non-Targeted
|
Targeted
|
|
Allegany County*
|
1 or 2
|
|
$107,160
|
|
$289,470
|
$271,050
|
3 or more
|
$125,020 |
Anne Arundel
County+
|
1 or 2
|
$102,720
|
$107,160
|
$429,620
|
$525,091
|
$525,091
|
| 3 or more |
$119,840 |
$125,020 |
Baltimore City*
|
1 or 2
|
|
$107,160
|
|
$525,091
|
$525,091
|
| 3 or more |
$125,020
|
Baltimore County+
|
1 or 2
|
$102,720
|
$107,160
|
$429,620
|
$525,091
|
$525,091
|
| 3 or more |
$119,840 |
$125,020 |
Calvert County
|
1 or 2
|
$129,000
|
|
$429,620
|
|
$429,620
|
| 3 or more |
$150,500 |
Caroline County*
|
1 or 2
|
|
$107,160
|
|
$289,470
|
$271,050
|
|
3 or more |
$125,020 |
Carroll County
|
1 or 2
|
$102,720
|
|
$429,620
|
|
$429,620
|
| 3 or more |
$119,840 |
Cecil County
|
1 or 2
|
$97,800
|
|
$346,601
|
|
$346,601
|
| 3 or more |
$114,100 |
Charles County
|
1 or 2
|
$129,000
|
|
$429,620
|
|
$429,620
|
| 3 or more |
$150,500 |
Dorchester County*
|
1 or 2
|
|
$107,160
|
|
$289,470
|
$271,050
|
| 3 or more |
$125,020 |
Frederick County+
|
1 or 2
|
$129,000
|
$129,000
|
$429,620
|
$525,091
|
$525,091
|
|
3 or more |
$150,500
|
$150,500 |
Garrett County*
|
1 or 2
|
|
$107,160
|
|
$467,232
|
$437,500
|
|
3 or more |
$125,020
|
Harford County+
|
1 or 2
|
$102,720
|
$107,160
|
$429,620
|
$525,091
|
$525,091
|
|
3 or more |
$119,840 |
$125,020 |
Howard County
|
1 or 2
|
$102,720
|
|
$429,620
|
|
$429,620
|
| 3 or more |
$119,840 |
Kent County*
|
1 or 2
|
|
$107,160
|
|
$359,798
|
$343,750
|
| 3 or more |
$125,020 |
Montgomery County
|
1 or 2
|
$129,000
|
|
$429,620
|
|
$429,620
|
| 3 or more |
$150,500 |
Prince George's County+
|
1 or 2
|
$129,000
|
$129,000
|
$429,620
|
$525,091
|
$525,091
|
|
3 or more |
$150,500 |
$150,500 |
Queen Anne's County
|
1 or 2
|
$102,720
|
|
$429,620
|
|
$429,620
|
|
3 or more |
$119,840 |
St. Mary's County
|
1 or 2
|
$106,908
|
|
$343,125
|
|
$343,125
|
| 3 or more |
$122,310 |
Somerset County*
|
1 or 2
|
|
$107,160
|
|
$351,092
|
$328,750
|
|
3 or more |
$125,020 |
Talbot County
|
1 or 2
|
$92,880
|
|
$334,125
|
|
$334,125
|
|
3 or more |
$108,360 |
Washington County+
|
1 or 2
|
$89,300
|
$107,160
|
$329,854
|
$403,155
|
$377,500
|
| 3 or more |
$102,695 |
$125,020 |
Wicomico County+
|
1 or 2
|
$89,300
|
$107,160
|
$287,257
|
$351,092
|
$328,750
|
| 3 or more |
$102,695 |
$125,020 |
Worcester County+
|
1 or 2
|
$89,300
|
$107,160
|
$382,281
|
$467,232
|
$437,500
|
|
3 or more |
$102,695 |
$125,020 |
^
|
income limits for an RHS-guaranteed loan are the LESSER of the
Maryland Mortgage Program Income Limits referenced above or the RHS Guaranteed
Housing Program Income Limits
|
*
|
entire jurisdiction is targeted - buyers do not have to be
first-time home buyers
|
+
|
contains certain targeted census tracts (refer to Targeted
Areas) in which buyers do not have to be first-time home buyers
|
Information subject to change. Revised 12/12/12
|