Maryland SmartBuy Program

​​ MARYLAND SMARTBUY ​​​​​​​​​​​​​​​​​​​​​​​

Maryland SmartBuy helps homebuyers with qualifying student debt purchase a home. The program works by paying off student debt during the purchase of your home through special Maryland Mortgage Program financing.

In contrast to other home loan programs available through the Maryland Mortgage Program in which homebuyers locate a property on the open market, Maryland SmartBuy involves the purchase of move-in-ready homes currently owned by, and available from, the state of Maryland.

Program Eligibility

To qualify for Maryland SmartBuy, homebuyers must have an existing student debt with a minimum balance of $1,000 and up to a maximum of 15% of the home purchase price. Maryland SmartBuy financing provides up to 15% of the home purchase price for the borrower to pay off their outstanding student debt.

The full student debt must be paid off at the time of the home purchase, and homebuyers must meet all eligibility requirements for the Maryland Mortgage program.

Approved SmartBuy Mortgage Lenders

Maryland SmartBuy financing is available only through approved Maryland SmartBuy lenders. These lenders can help you confirm your eligibility and ensure you meet all applicable requirements.

Available Properties

A full list of all properties​ available through the SmartBuy Program from Cummings & Co. Realtors and Maryland REO Realtors is available here.​​