Down payment assistance programs in maryland

Down Payment Assistance Programs in Maryland https://www.marylandnewhomepurchase.com/maryland-downpayment-assistance-programs.html

​There are various down payment assistance programs for first time home buyers in Maryland.

There are also some forgivable grants for down payment assistance and closing costs for first time home buyers in Maryland. One of the biggest obstacles to home-ownership is coming up with a required down payment. Down payment assistance programs and grants help many achieve their home-ownership dreams that otherwise would not. Many locations in Maryland also qualify for USDA 100% financing loans. State or Local County Employees may be eligible for additional down payment assistance.

Not every first time home buyer qualifies for down payment assistance or grants. There are statewide down payment assistance programs and there are county or city specific programs in Maryland. Our team here at Buy a New Home in Maryland can assist you in finding a program that you may qualify for. We will also help you apply to various programs that may be helpful for you. Give us a call at 443-531-9715 or contact us. Here is a list of all available down payment assistance programs and grants in Maryland available to first time home buyers. Get pre-approved.

Anne Arundel County MD Down Payment Assistance\Grants: Mortgage Assistance Program (MAP)Provides up to $20,000 in down payment and closing cost assistance. These funds are a 0 interest 0 payment loan that is repayable when you sell your home, transfer title, or in 30 years, whichever come first. Must meet program guidelines for eligibility. Maryland Mortgage Program (MMP) ​Provides up to $5,000 for down payment assistance as a 0 interest deferred payment loan which must be repaid after 30 years, you refinance, or sell the home. Must meet program guidelines. Contact us for assistance.

Allegheny County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) Provides up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan that must be repaid after 30 years, you refinance, or sell the home. Must meet program guidelines. Contact us for assistance.

Baltimore City MD Down Payment Assistance\Grants: Maryland Grand Slam in Baltimore City This is a joint effort program by the State of Maryland and Baltimore City. ​Provides a total of $7,500 in down payment and closing cost assistance. This is a limited availability program. Must complete an approved first time home buyer class. Must meet program guidelines. There are several other grant programs available such as the Good Neighbors Program, CDBG, DSELP, Buying into Baltimore, Live Near Your Work. These programs provide $5-6,000 in grants towards down payment assistance. Contact us for assistance.

Baltimore County MD Down Payment Assistance\Grants: Settlement Expense Loan Program (SELP) ​Provides a deferred loan for down payment assistance which is forgiven if the buyer stays in the home for a minimum of 15 years. Participants must attend approved home buying classes. Must meet program eligibility guidelines. Maryland Mortgage Program (MMP) Provides up to $5,000 in the form of a deferred 0 interest loan. Must meet eligibility guidelines. Contact us for assistance.

Calvert County MD Down Payment Assistance\Grants: ​House Keys for Employees (HK4E) Available only if your employer participates in the HK4E program. Can provide a total of up to $15,000 in down payment and closing cost assistance. ​Maryland Mortgage Program (MMP) Provides up to $5,000 in down payment assistance as a deferred payment 0 interest loan. Eligibility guidelines. Contact us for assistance.

Caroline County MD Down Payment Assistance\Grants: Maryland Mortgage Program(MMP) Provides up to $5,000 in down payment assistance help in the form of a 0 interest deferred payment loan. Must meet eligibility guidelines.

Contact us for assistance.

Carroll County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) Provides up to $5,000 in down payment assistance in the form of a 0 interest free deferred payment loan. Eligibility guidelines. Contact us for assistance.

Cecil County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) ​Provides up to $5,000 in down payment assistance in the form of a deferred payment 0 interest loan. Program guidelines. Contact us for assistance.

Charles County MD Down Payment Assistance\Grants: ​Maryland Mortgage Program (MMP) ​Provides up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan. Program guidelines. Community Development Block Grant (CDBG) Provides up to $15,000 in down payment and closing costs assistance. This is a 0 interest deferred payment loan that is forgiven as long as you stay in the home 5 or more years. Those who qualify for Charles County CDBG program can also apply for SELP which offers up to an additional $6,000 in the form of a deferred payment loan. Contact us for assistance.

Dorchester County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) Program offers up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan. Program guidelines. Contact us for assistance.

Frederick County MD Down Payment Assistance\Grants: Homebuyer Assistance Program (HAP) Program provides up to $7,000 in closing cost assistance in the form of a 0 interest deferred payment loan. Program guidelines. ​Maryland Mortgage Program (MMP) Program provides up to $5,000 in down payment help in the form of a 0 interest deferred payment loan, Program guidelines. Contact us for assistance.

Garrett County MD Down Payment Assistance\Grants: ​Maryland Pathway to Homeownership. ​Program offers up to $15,000 in closing and down payment assistance in the form of half grant half 0 interest deferred payment loan. ​Maryland Mortgage Program (MMP) Program provides up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan. Program guidelines. Contact us for assistance.

Harford County MD Down Payment Assistance\Grants: ​American Dream Down Payment Initiative (ADDI) Program provides up tp $5,000 in down payment assistance as a 0 interest deferred payment loan which is forgivable after 5 years. Maryland Mortgage Program (MMP) Provides up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan. Program guidelines. Contact us for assistance.

Howard County MD Down Payment Assistance\Grants: ​Settlement Down Payment Loan Program (SDLP) Program provides up to $40,000 in down payment closing costs assistance in the form of a deferred payment loan at 2% lower than the first mortgage interest rate. ​Maryland Mortgage Program (MMP) ​Program provides up to $5,000 in down payment assistance in the form a 0 interest deferred payment loan. Program guidelines. Contact us for assistance.

Kent County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) Provides up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan. Program guidelines. Contact us for assistance. ​Montgomery County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) Provides up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan. Program guidelines. Contact us for assistance.

Prince Georges County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) ​Provides up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan. Program guidelines. Contact us for assistance. ​MMP Triple Play Program provides up to $10,000 in down payment assistance in the form of a 0 interest deferred loan and an additional $10,000 grant in certain zip codes.

Queen Anne's County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) Provides up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan. Program guidelines. Contact us for assistance.

Somerset County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) Provides up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan. Program guidelines. Contact us for assistance.

Saint Mary's County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) Provides up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan. Program guidelines. Contact us for assistance.

Talbot County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) Provides up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan. Program guidelines. Contact us for assistance.

Washington County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) Provides up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan. Program guidelines. Contact us for assistance.

Wicomico County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) Provides up to $5,000 in down payment assistance in the form of a 0 interest deferred payment loan. Program guidelines. Contact us for assistance. ​Worcester County MD Down Payment Assistance\Grants: Maryland Mortgage Program (MMP) Provides up to $5,000 in down payment assistance in the form of 0 interest deferred payment loan. Program guidelines. City of Worcester Program offers up to $10,000 by means of a 0 interest deferred payment loan. The loan is forgiven after 5-10 years as long as you maintain residence. This program is only available for purchases within the city of Worcester. Contact us for assistance.

Contact us for updated information on currently funded and available down payment assistance programs in Maryland. Our team can help you out with the application and approval. ​Our team can also get you pre-approved for the mortgage loan then set you up with a daily email of homes for sale in the area you want to buy in. View these homes until you find the homes you want to go see. We can then set you up with a realtor to take you out to see them. To contact us simply call 443-531-9715 or fill in the contact form.