The Maryland Department of Housing and Community Development is introducing a new homebuying incentive in the form of a grant valued at 4% of the first mortgage amount. The Maryland Mortgage Grant Assist is available as part of a Maryland Mortgage program home loan, and the grant is used to help eligible homebuyers pay closing costs or down payment. For FHA loans, any additional funds available in excess of closing costs is applied to principal reduction.
Eligible homebuyers can choose the Maryland Mortgage Grant Assist as an alternative to our $5,000 Down Payment Assistance. The interest rate for the Grant Assist first mortgage is posted on our rates page.
More information about Grant Assist
The Maryland Department of Housing and Community Development, in partnership with the Prince George's County Department of Housing and Community Development and the Redevelopment Authority, is providing attractive financial incentives to help make purchasing a home in Prince George's County even more affordable.
Through the County's Pathway to Purchase Program, offering up to $10,000 in down payment and closing cost assistance, and Maryland's Preferred Rate Program, offering our lowest possible interest rate for a 30-year mortgage, homebuyers in Prince George's County can get a home loan that is affordable today and for the life of the loan.
More information about Pathway to Purchase
The Maryland Department of Housing and Community Development, in partnership with Wicomico County, is providing attractive financial incentives to help make buying newly-constructed homes even more affordable. Maryland NewBuild in Wicomico County offers several ways to save money today and for years to come.
More information about the Maryland NewBuild in Wicomico County Initiative
The Maryland SmartBuy initiative helps homebuyers with eligible student debt purchase a home. The program offers highly attractive financing and closing cost assistance for move-in ready homes, including loan forgiveness of up to 15% of the purchase price.
More information about the SmartBuy program
The new Maryland Preferred Rate Program is now available to borrowers looking to save on their mortgage payments by receiving a lower interest rate. Contact one of our approved lenders to see if you qualify.
Click here to download the Maryland Preferred Rate Flyer and Fact Sheet
The Maryland "You've Earned It!" is continuing to help make homeownership more accessible to Marylanders hampered by significant student loan debt.
The Maryland "You've Earned It!" program is open to potential homebuyers with more than $25,000 in student loan debt who are buying a home in one of Maryland’s Sustainable Communities through the Maryland Mortgage Program. Borrowers receive a 0.25 percent reduction in the Maryland Mortgage Program standard 30-year mortgage rate and $5,000 in Down Payment Assistance.
Learn more about the Maryland "You've Earn ed It!" initiative .
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