The Maryland Mortgage Grant Assist Program gives eligible homebuyers an outright grant valued at 4% of the first mortgage. The funds can be used for down payment or closing costs for conventional loans. For government loans, it can be used only for closing costs. The grant funds never need to be repaid. If the grant exceeds your closing costs, the remaining funds are applied to principal reduction.
This program is available as part of a home loan through the Maryland Mortgage Program, which has made homeownership more affordable for thousands of families, and comes with the security that only the state's flagship homeownership program can provide.
If you're ready to take advantage of this special program:
7800 Harkins Road, Lanham, MD 20706
(301) 429-7400 or 1-800-638-7781