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First-time home buyer programs in North Potomac, MD

Quick answer

First-time buyers in North Potomac, MD can use 3%-down conventional loans (up to the $1,249,125 Montgomery County conforming limit), 3.5%-down FHA, or VA and USDA where eligible, plus 2 verified city, county or statewide assistance programs. On the $793,200 median home, 3% down is about $23,796 and the estimated payment is $6,327/month at 7.18%.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $186,438; value-to-income ratio 4.25. North Potomac ranks 4 by home value and 61 by population among 138 places in our MD dataset.

What does a first-time buyer loan cost on a typical North Potomac home?

ItemNorth Potomac
Median home value (Census ACS)$793,200
Maryland median home value$397,700
Down payment (3%)$23,796
Loan amount$769,404
Estimated monthly payment (PITI + MI)$6,327
Income needed (28% / 36%)$272,000 / $211,000
Montgomery County 2026 conforming limit (1 unit)$1,249,125
Max purchase price at the limit$1,287,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Maryland's 1.00% effective property tax rate (Census ACS), $1,578/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in North Potomac?

North Potomac is in Montgomery County. Conventional 3%-down loans go up to the $1,249,125 conforming limit (price ≈ $1,287,000); FHA loans go up to $1,249,125.

The North Potomac median home value of $793,200 is 99% above the Maryland median, and within what the county limit supports.

Which down payment assistance programs can North Potomac buyers use?

First-time buyer loans in nearby cities

TravilahGaithersburgRockvilleGermantownRedlandFlower Hill

First-time buyer loan FAQs for North Potomac

On the $793,200 median: 3% conventional ≈ $23,796, 3.5% FHA ≈ $27,762, and 0% for eligible VA or USDA buyers. Conventional loans above $1,249,125 in Montgomery County become jumbo loans.

At the $793,200 median value (above the Maryland median of $397,700), the estimated payment of $6,327/month at 7.18% needs about $272,000 a year under the 28% housing guideline, or $211,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 2 statewide programs are verified for this city (2 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.