Maryland HomeAbility
Funding status: Active
How much assistance
Up to 25% of the purchase price or $45,000 for down payment and closing costs (Deferred Loan)
Zero-interest deferred second lien with no monthly payments. Balance due upon sale, refinance, or transfer of the home.
Eligibility
- Income limits: Must not exceed 80% AMI for all borrowers on the loan combined. Must also meet standard MMP income limits.
- First-time buyer required: No
- Credit score minimum: 640
- Geographic restrictions: Must purchase a home in Maryland as primary residence.
- Homebuyer education required: Yes
How to Apply for Maryland HomeAbility
Step 1: Contact an MMP-approved lender. You or a co-borrower must have a documented disability, or you must be the guardian and primary caregiver for an immediate family member with a disability who lives with you.
Notes
Can finance up to 95% of the home price. Designed specifically for homebuyers with disabilities.