Prosperity Savings Accounts

Prosperity Savings Homebuyer Accounts

 Every $1 you saved will be matched times $4 up to $2,200

Benefits of the Savings Accounts

 Homebuyer participants who save the maximum amount of $2,200 will be able to put $11,000 towards the down payment of a home. Home must be purchased in Frederick County. Participants who have completed 12 months of the My Budget Coach Program will qualify for $3,400 Foreclosure Prevention Fund. The fund will be available to use for three years immediately after the purchase of the home to help cover the montly mortgage in case of an emergency. 

If you're still confused on how Individual Development Accounts (IDAs) like our Prosperity Savings Accounts work, watch the video on the right for a quick explanation.

How do I apply for a Prosperity Savings Account?

  • Step 1: Complete the pre-qualification form below to see if you qualify for the program.
  • Step 2: Once you have completed the orientation and determined that you’re pre-qualified, you will receive an online application link. Complete the application and gather the required documentation.
  • Step 3: Meet with a Prosperity Center representative to finalize the application process.
  • Step 4: If you’re approved, open your Prosperity Savings Account and begin saving towards making your dreams a reality!

Still have questions? See this page for more information.

The Prosperity Homebuyer Savings Account is brought to you by the partnership of United Way of Frederick County and the Fredeick County Government.