PLEASE MAKE SURE THAT YOUR AGENT READS ALL DISCLOSURES IN THE MLS BEFORE SHOWING YOU THIS LISTING. Great living spaces, well maintained, multi-level deck... lots of entertaining or relaxing options. This is a unique opportunity that the City Of Frederick is offering. It's their Acquisition for Affordable Housing Program. Interested buyers must qualify and be selected to have an opportunity to purchase. This program is designed for the City to hold a second position lien at 0% to make the home affordable for a family. The amount of the City's position depends on the qualified party. Offers will not be selected based on best offers. Qualified offers give the opportunity to purchase as-is by randomly selecting a qualified buyer from all qualified offers. The qualifications are based on the following: 1. Income level and size of household, the family must make a minimum on the Capped income limit and a maximum of the Uncapped income limit as shown below. 2. They must be a first-time homebuyer or have not owned real estate in the past 3 years. 3. They must have a minimum FICO score of 690. 4. They must have a mortgage loan pre-aproval letter of at least $280,000 and the funds to make a down payment of 3.5% of the first position lien. 5. The terms of the City's 2nd Mortgage is 30 years, 0% interest, forgiven after 30 years, Loan due upon sale or refinance