The Frederick County Association of REALTORS® (FCAR) in partnership with the Partnership for Housing Foundation is creating an exciting tool for first-time homebuyers.
Knowing the firsthand the difficulty families have in reaching the first rung in homeownership, FCAR Revolving Loan Fund has been established. The fund will provide down payment assistance in the form of a zero interest loan for up to 5 percent of the purchase price.
FCAR has raised close to $30,000 for their loan fund. The first loan will be made in January of 2005.