Closing Cost Assistance
The following highlights represent some of the homeownership initiatives in the communities Home Partnership Inc. serves. Official program guidelines and procedures govern program requirements and eligibility and are subject to change. Program descriptions are summarized. Contact the listed agency for further information or call Home Partnership at 410.679.3200.
| 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 $2,500 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 |
Yes, and 1:1 pre-purchase counseling prior to signing a real estate contract Sign up now... |
|
Workforce Home Ownership Program (Program Expired) |
Loan of up to $10,000 for closing costs and settlement expenses | Yes | Harford County |
|
Yes, and 1:1 counseling prior to signing a real estate contract Sign up now... |
|
Cecil Closing Cost Assistance Program |
Loan of up to $5,000 for closing costs and settlement expenses |
Yes |
Cecil County |
|
Yes, and 1:1 counseling prior to signing a real estate contract |
| Harford County SELP (Settlement Expense Loan Program) | Loan of up to $5,000 for closing costs; 5% interest rate the 1st year only. Payments are deferred. | Yes | Harford County | Harford County Housing Agency (410) 638-3045 |
Yes, and 1:1 pre-purchase counseling prior to signing a real estate contract Sign up now... |
| Cecil County SELP (Settlement Expense Loan Program) | Loan of up to $7,500 for closing costs; payments are deferred and balance is forgiven after 5 years | Yes | Cecil County |
|
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... |