Montgomery County Easter Seals Down Payment Program for 2023

Builders, REALTORS®, Lenders, and other Housing Professionals came together and were able to bless many families. The following statistics reflect the success of the Montgomery County Down Payment program for 2023.

• 28 families purchased their first home with Montgomery County HOME fund assistance
• A total of $352,800 of HOME funds dispensed
• Mortgage loans totaling $4,684,331 granted
• Average Loan - $167,297.54
• Total borrower’s cash invested $131,052.58
• Average monthly housing payment $1,400.66
• Mortgage payment range - $1,099.73 to $2,216.34
• Average interest rate 6.04%
• Interest Rate range – 4.2% to 7.75%
• Purchase price of the home ranged from $ 134,000 to $253,000
• Average purchase price $173,145.93
• Average appraised value of property $ 180,003.21
• Total appraised value of properties - $5,040,090
• Total loans + private funds + HOME funds - $5,287,767.39
• Homebuyer family household income ranged from $ 26,432.14 to $ 72,471
• Homebuyer ranged in age from 23 to 67
• Household income range from $39,907 to $69,442, with 2 household members
• Average annual property tax $ 3,455.56

Number of Properties Purchased in the following Zip Codes:

77301 – 1
77306 – 15
77316 – 2
77318 – 2
77354 – 1
77355 – 2
77356 – 1
77357 – 2
77376 – 1
77378 – 4

The partnership with this down payment program and first time home buyers has not only been invaluable in providing homeownership opportunities, but also appreciating assests to low-income households. The Easter Seals Program has been a pivotal component to building generational wealth through homeownership.