Maryland Mortgage Grant Assist gives eligible homebuyers a grant that can be used for down payment and closing costs. Grant funds do not need to be repaid.
Homebuyers receive 4% of the value of the first mortgage as a non-repayable grant which can be used towards closing costs and down payment assistance.
Homebuyers receive 6% of the value of the first mortgage as a non-repayable grant which can be used towards closing costs and down payment assistance. This program is only available for Freddie Mac HFA Advantage, conventional mortgages.
Homebuyers using the 6% Opportunity Grant receive a Maryland HomeCredit (mortgage credit certificate) with no state fees (normally $450). Lender fees up to $350 may still apply.
To learn whether Maryland Mortgage Grant Assist is the right home loan option for you, we recommend you talk to one of our state-approved mortgage lenders.