August 9, 2017
The Maryland Mortgage Program is now offering a grant for down payment and closing cost assistance to income selected homebuyers associated with purchasing a home in Maryland. This grant is available starting July 31, 2017 and will end when CDA announces the program is closed. This program is generally for first time homebuyers but can be available to others under certain restrictions. The Maryland Department of Housing and Community Development offers this grant whose household income is below eligibility limits, which vary by county. The Maryland Mortgage Program is a home loan program that is safe and secure from Maryland’s Housing Financing Agency and features down payment and closing cost assistance, 30 year fixed rate loans and free to low-cost homebuyer education.
Highlights of the product include:
Income Eligibility per County
Want to see if you qualify for this grant? Contact a First Home Mortgage Loan Officer today! Call now