See programs you qualify for
Get Matched Free →Maryland SmartBuy 3.0
Funding status: Active
How much assistance
Up to 15% of the purchase price or $20,000, whichever is less
Zero-interest forgivable loan. Forgiven at 20% per year over 5 years. Remaining balance due upon sale within the first 5 years.
Eligibility
- Income limits: Must meet standard MMP income limits, which vary by county and household size.
- 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 SmartBuy 3.0
Work with an MMP-approved lender. Full student loan balance for at least one borrower must be paid off at closing. Borrower must contribute at least 5% of the sales price from personal funds.
Free eligibility check
See every program you may qualify for
How soon are you looking to buy?
Question 1 of 6
housebuyerguides