Home Partnership, Inc.

Closing Cost Assistance

Highlights.pdfThe 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


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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
CDA Lenders


For more info...

Yes, and 1:1 pre-purchase counseling prior to signing a real estate contract


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Neighborhood Conservation Initiative Program

(NCI)

Loan of up to $7,500 for closing costs  assistance

Yes

Harford County

(Aberdeen (21001), Abingdon (21009), and Edgewood (21040)

 

For more info

 

Yes, and 1:1 counseling prior to signing a real estate contract

Sign up now...

Cecil Closing Cost Assistance Program  
(CHAP) 

Loan of up to $5,000 for closing costs and settlement expenses    

 Yes

 Cecil County

 

For more info... 

 

Yes, and 1:1 counseling prior to signing a real estate contract 

Sign up now...

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

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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

 

For more info...

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




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