Maryland SmartBuy helps homebuyers like you, with eligible student debt, purchase a home. Pay off student debt AND get highly attractive financing and closing cost assistance to purchase move-in-ready homes made available through the Department of Housing and Community Development.
For more information on SmartBuy program details and eligibility, download the Program Flyer or Program Fact Sheet.
To qualify for Maryland SmartBuy, homebuyers must have an existing student debt (in repayment or deferred status) with a balance of a minimum of $1,000 and up to a maximum of 15% of the home purchase price. Maryland SmartBuy financing will provide up to 15% of the home purchase price for the borrower to pay off the outstanding student debt. The full student debt must be paid off at the time of the home purchase. Homebuyers must meet all eligibility requirements for the Maryland Mortgage program.
The Maryland Department of Housing and Community Development owns single family properties that may be purchased by homebuyers. This Interactive Map helps prospective buyers see what is available.
More information is available about the Maryland Mortgage program and the other products offered by the Maryland Department of Housing and Community Development.
7800 Harkins Road, Lanham, MD 20706
(301) 429-7400 or 1-800-638-7781