Teacher Next Door serves all Maryland communities, guiding homebuyers through the process with personalized support and advanced technology. It offers grants, down payment assistance, and special programs for teachers, healthcare workers, first responders, law enforcement, military, and government employees.
1st Time Advantage loans offer first-time Maryland homebuyers the lowest 30-year fixed rates available through the Maryland Mortgage Program. These loans cannot be combined with the Maryland HomeCredit Program.
The Maryland Teacher Home Buying Program offers tailored home loans and refinancing options for educators. FHA loans require just 3.5% down and provide refinancing flexibility. Options include VA loans, jumbo loans, ARM loans, and more. Contact us to explore your home buying or refinancing possibilities!
Howard County's DHCD offers deferred loans for settlement and down payment costs, due upon sale, refinance, or default. Loans feature low interest rates, 2 points below the primary mortgage rate. Requests are processed by approved lenders.
The Home Stretch Down Payment Assistance Program in Takoma Park is currently paused. When active, it provides $10,000 in assistance for eligible homebuyers on a first-come, first-served basis. Stay updated for reopening announcements.
The First-Time Homebuyer Assistance Program offers up to $25,000 for down payment and closing costs to eligible buyers. As of November 1, 2024, the Pathway to Purchase program has $429,434.24 in available funds.
The HOME Investment Partnerships Program, managed by DHCD's Housing Development Division, helps Prince George's County increase the supply of affordable housing for low- and very low-income families.
HomeReady offers low down payments and flexible financing for creditworthy low-income buyers, including a $2,500 credit for very low-income borrowers to help with down payment and closing costs. Lenders benefit from reduced hedging costs and enhanced pricing options. See LL-2024-01 for details.
The Freddie Mac Home Possible® mortgage offers a 3% down payment and flexible options for very low- to low-income borrowers. Non-occupant co-borrowers and borrowers with other financed properties are allowed, all with competitive pricing and the simplicity of a conventional mortgage.
The MCC program helps lower-income families afford homeownership by offering a tax credit of up to $2,000 per year for a portion of mortgage interest paid. Eligible first-time buyers must meet income and purchase price limits and use the home as their primary residence.
Bank of America’s Community Homeownership Commitment® offers down payment and closing cost assistance combined with low down payment mortgages, making homeownership more accessible for modest-income borrowers.
Make homeownership possible with a grant of up to $7,500 in select areas and a low down payment.
Get up to $7,500 in lender credit to help cover closing costs if you meet eligibility requirements. This assistance applies to any loan type, including FHA loans with lower closing costs.
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