Maryland program homeownership 2025

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Who qualifies as a first-time homebuyer in Maryland? In Maryland, an individual who has not owned a home in the past three years is considered a first-time homebuyer. There are some exceptions to this, such as homeowners purchasing in a Targeted Area and some qualified veterans.
Maryland Homeowner Assistance Fund Grant Designed to avoid imminent displacement (within 90-days) due to, but not limited to property ​tax delinquency, chattel loan or land lease delinquency; homeowners association fee / inium association fee delinquency; mortgage delinquency.
The homeowner, borrower, or the spouse living in the home must attest to have suffered a financial hardship related to the pandemic, that caused a need for assistance.
To qualify, applicants must: Maintain Maryland residency for the 2024​ tax year. File 2024 Maryland state income taxes. Have initially incurred at least $20,000 in undergraduate and/or graduate student loan debt.
Marylands 1st Time Advantage program offers 30-year fixed-rate mortgages, which can be conventional loans or government-guaranteed FHA, USDA, or VA loans. These typically have competitive interest rates and may be paired with several second mortgage options for down payment assistance (see #5, below, for details).
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being less than 50% of the household gross monthly income. HAF payments will be made directly to the mortgage servicer. SPECIFIC ELIGIBILITY: The HAF loan borrowers household income may not exceed 150% of area median income (AMI).
The Maryland HomeCredit Program (MD HomeCredit Program) provides Mortgage Credit Certificates (MCC) that entitle eligible borrowers to take a federal income tax credit equal to a percentage (the Certificate Credit Rate stated below) of the interest paid during the year on a mortgage loan covered by the MCC, up to a
Maryland WholeHome grants and loans can be used to upgrade to energy efficient appliances, repair or replace heating and cooling systems, replace insulation, add accessibility features for seniors or those with special needs, remove lead paint, upgrade plumbing, and address structural and maintenance issues.

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