|
Program |
Type of Assistance |
Household income limits apply |
Eligible areas |
Apply through |
Homebuyer education certificate reqired? |
|
MMP(Maryland Mortgage Program) More House for Less Plus Loan |
Below market mortgage interest rates PLUS grant funds for closing costs up to 2%
of loan amount |
Yes |
Maryland |
Participating
For more info... |
Yes
Sign up now... |
|
MMP More House for Less and DSELP (Down Payment and Settlement Expense Loan Program) |
Even lower below market mortgage interest rates and loan for up to $2500 for closing
costs; 0% interest. |
Yes |
Maryland (Some areas require Homebuyer Ed and counseling to be completed locally-see
more info link or call HPI) |
Participating
CDA Lenders
For more info... |
Yes, and 1:1 pre-purchase counseling prior to signing a real estate contract
Sign up now... |
|
Baltimore County SELP |
Loan of up to $10,000 for closing costs and settlement related and repairs; payments
deferred for 15 year affordability period |
Yes |
Community Conservation Areas in Baltimore County |
Contact the appropriate Home Buyer's Workshop Provider - see
link below
For more info... |
Yes, and 1:1 counceling prior to signing a real estate contract
|
|
Harford County SELP (Settlement Expense Loan Program) |
Loan of up to $5000 for closing costs; 5% interest rate the 1st year only. Payments
are deferred. |
Yes |
Harford County |
Harford County
Housing Agency
(410) 638-3045
For more info... |
Yes, and 1:1 pre-purchase counseling prior to signing a real estate contract
Sign up now... |
|
CWHP (Cecil Workforce Homeownership Program) |
Loan of up to $7,500 for closing costs; payments are deferred and balance is forgiven
after 5 years |
Yes |
Cecil County |
Cecil County Office of Housing and Community Development, Bev Toth
(410) 996-5246
See more... |
Yes
|
|
Federal Home Loan Bank of Atlanta (FHLBA) First-time Homebuyer Program (FHP) |
Matching funds Yes for down payment and closing costs provided on a 3:1 basis up
to $5,000; 5 year owner occupancy period |
Yes |
Alabama,
Florida,
Georgia,
Maryland,
North Carolina,
South Carolina,
Virginia,
and D.C. |
FHLBA
Participating
Banks
For more info... |
Yes
Sign up now... |