Cda mortgage programs maryland

Phone Number Need to reset your phone number? Don't have an account with us? Click here to sign up. Search DC Area Homes. City All Washington. Property Type Home Townhouse Condo. Advanced Search. Address Search. Like or Share Loading likes For homebuyers seeking guidance on how to purchase a home, a network of counseling and educational organizations is available across Maryland, offering in-person and online courses to guide first-time homebuyers through the steps involved in purchasing a home and being a successful homeowner.

Note that for many MMP programs, completion of a homebuyer education class is an eligibility requirement. Mortgage lenders, real estate agents, and other home purchasing professionals can contact the CDA Single Family Business Development team at singlefamilyhousing. Maryland Short Sale Realtor Recent Posts.

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All home loan products available through MMP are year, fixed-interest rate mortgages. There are a few different types of home loan products, and they generally vary by the kinds of downpayment and closing cost assistance that are available with them. The main loan product types available through MMP are 1st Time Advantage, Flex and a variable number of Specialty Products that usually run for a limited time.

Loan product information can be found on Our Programs page. Maryland SmartBuy is a program that makes selected state-owned homes available for sale, and allows eligible homebuyers to use special MMP financing to pay off their outstanding student debt as part of the home purchase. Other programs may be available for limited times for targeted locations or eligible groups.

Down payment and closing cost assistance is money that you can use to meet the requirements for securing a home loan, and which makes the purchase a of a home more affordable. Funds available for down payment and closing costs may be provided in the form of a grant or as a deferred, no-interest loan.