First-Time Homebuyer Programs in Maryland

Statewide Programs in Maryland

• FHLBA Community Partners Product

  Forgivable Loan · Up to $20,000 in home purchase assistance for down payment and closing costs

• FHLBA First Time Homebuyer Product

  Forgivable Loan · Up to $17,500 in home purchase assistance for down payment and closing costs

• FHLBA Workforce Housing Plus+

  Grant · Up to $15,000 in home purchase assistance for down payment and closing costs

• Maryland HomeAbility

  Deferred Loan · 0% deferred second loan of up to 25% of the purchase price, capped at $45,000, for down payment and closing costs; first and second loans combined may not exceed 105% of the purchase price

• Maryland Mortgage Program - 1st Time Advantage

  Deferred Loan · Up to $6,000 or 3%-5% of the first mortgage amount

• Maryland Mortgage Program - Flex Loan

  Deferred Loan · Up to $6,000

• Maryland SmartBuy 3.0

  Forgivable Loan · Up to 15% of the purchase price or $20,000, whichever is less