Exactly why do first-time homebuyer programs has actually money limits?

The newest Washington County Houses Loans Commission will bring down payment assist with homebuyers exactly who score a property Advantage otherwise Options Mortgage. The newest institution account that regular citizen obtains $ten,100000 towards the their deposit and you will settlement costs. The speed ranges out-of 0% to cuatro%, plus the loan is actually added to the financial, so you pay a single bill per month.