STATEWIDE PROGRAMS

Maryland Mortgage Program

Assistance Available:
The Department of Housing and Community Development offers the possibility of homeownership through its Maryland Mortgage Program.

Qualified applicants get 30 year, fixed rate loans that are comparable to other marketplace mortgages. These loans come with a range of financial incentives and assistance.

Maryland SmartBuy, for instance, allows individuals to purchase state owned homes with special financing that includes paying off their student debt as part of their home purchase.

There is downpayment and closing cost assistance in the form of no interest, deferred loans and grants. If you are getting a 1st Time Advantage 5000 or Flex 5000 loan and are receiving assistance from an approved employer, community partner, or builder, you may be eligible to receive up to $2500 in matching funds in the form of a zero interest loan that you repay once your 1st mortgage is paid.