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HomeAbility is a special product designed to assist Maryland homebuyers with disabilities to finance their home purchase. This is a Conventional Loan product and provides an 80% LTV first lien and up to 25% in a second lien to assist with down payment and closing costs. No mortgage insurance is required. The interest rate for the first lien is posted on the Interest Rates page; the second lien has a rate of 0% and payment is deferred for the life of the first lien, but becomes payable upon sale, refinance, or transfer of the home.
To be eligible for HomeAbility:
Unless otherwise stated, all requirements and guidelines of the Maryland Mortgage Program apply. Please refer to overlays and underwriting guidelines for US BANK and GSEs (FNMA & FHLMC) for additional requirements.
HomeAbility replaces the Department’s previous Homeownership for Individuals with Disabilities Program (HIDP) and is designed to assist more borrowers with disabilities.
HomeAbility may be offered ONLY by MMP lenders who have achieved gold or silver tier status (by production of 15 or more loans per quarter). See the lender list for that status.
HomeAbility Fact Sheet
CDA Certificate of Disability