Coming up with the money for a down payment and other upfront
costs is often the largest hurdle facing first-time homebuyers. Even with certain
mortgages that require low down payments, these expenses will still usually total
several thousand dollars.
The Maryland Mortgage Program provides help in the form of Down Payment Assistance,
as well as a range of Partner Match programs from employers, developers and community
organizations that can help you cover these down payment and closing costs.
These programs may make it possible for first-time homebuyers to afford a mortgage
when they would not be able to do so the conventional way.
Down Payment Assistance and Partner Match Programs may be used for things like down
payment, closing costs, prepaid/escrow expenses and a home inspection performed
by a qualified home inspector, and may be available in the form of zero-interest
deferred loans, forgivable loans, or outright cash grants:
The Maryland Mortgage Program features Down Payment Assistance (DPA),
which is an additional loan available to anyone who is eligible for an MMP mortgage,
and which helps borrowers put together a suitable down payment on their home. This
loan, which can be up to $8,500 is a zero percent deferred loan, which means
that you only ever pay back the principal (there’s no interest) after you complete
all payments on the main MMP mortgage, or if you refinance, sell or otherwise vacate
The Department of Housing and Community Development (DHCD) has partnered with a
range of organizations that can provide you with additional funds (sometimes
grants, sometimes loans) to help you purchase your first home, and which will be
matched by the Maryland Mortgage Program up to $3,500 (as
a zero-interest deferred loan - some conditions may apply). These partner organizations
Partner Match Programs Fact Sheet
Typically, contributions from these organizations range from $1,000 to $5,000 each,
and may be combined with each other and with DHCD’s Down Payment Assistance loans
where eligibility requirements are met. Many borrowers are able to take advantage
of at least one of these programs. Go to our
Partner Directory to search for participating organizations.
In addition to DHCD’s Down Payment Assistance and Partner Match programs, many local
governments throughout Maryland offer additional support to purchase a home in their
community. These local governments often work with employers and community
organizations to provide local partner assistance beyond state programs already
described above. This assistance can be combined with DHCD's Down Payment Assistance and Partner
Match Programs to help you with upfront homeownership costs.
Check with your local
city or county housing agency for more information, or ask your
Lender to help you identify what assistance may be available to you.
100 Community Place, Crownsville, MD 21032
(410) 514-7530 or 1-800-638-7781