The HOC Down Payment Assistance Program provides up to $10,000 or 5% of the home purchase price (whichever is lower) to eligible first-time homebuyers for down payment and closing costs. Borrowers must meet income limits, use an FHA loan, and purchase a home in Montgomery County. The $10,000 loan has a 5% interest rate over 10 years. Contact the HOC lender for program details and availability.