Mortgage Program

Mortgage Program This Maryland down payment program Maryland borrowers can get a 30 year, fixed rate mortgage. First time home buyers and those who have not owned a home in the previous three years are eligible. Repeat buyers are eligible if they buy a home in a targeted area. These first mortgages can be combined with Maryland down payment assistance.

Partner Match Program

Partner Match Program This Maryland down payment program – Maryland has joined forces with employers, developers and community organizations to offer partner match programs that can help home buyers cover Maryland down payment and closing costs. Partner match programs generally involve contributions of between $1,000 and $5,000 in the form of grants or loans from a partner organization. The Maryland Mortgage Program then matches these amounts up to $3,500 in the form of a zero interest deferred loan. Multiple partner matches may be combined, and these matches also may be combined with other Maryland down payment assistance loans.