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"DC Open Doors" pays your Down Payment for you on a home purchase in DC. The money does not have to be paid back. You must have:
  • Less than $125,580/year in income
  • Have fair to good credit (660+)
UrbanLand Company Agents have over $33.7 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
The Virginia Housing Development Authority (VHDA) pays your Down Payment when you meet certain criteria. The money does not have to be paid back. You must have:
  • Less than $97,520/year in income (1-2 person households)
  • Less than $113,840/year in income (3+ persons)
UrbanLand Company Agents have over $33.7 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
The Maryland Mortgage Program loans you up to $8,500 in Down Payment Assistance. There's additional incentives from specific Maryland employers + great student loan incentive programs.
  • Incomes lower than $88,400 for 1-2 person households are eligible
  • Incomes between $88,400 & $128,760 may be eligible, based on county
UrbanLand Company Agents have over $33.7 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
 

ULC Workshops

Maryland Eliminates Student Loan Debt for 1st Time Homebuyers


The state of Maryland has operated the Maryland Mortgage Program (MMP) for over 30 years, giving first time buyers a chance for down payment assistance, better mortgage interest rates and lower closing costs. During Thanksgiving week, the MMP Mortgage Program celebrated the first sale of a home using an innovative new program that is among the first state-led initiatives in the US to combat student loan debt head-on.

Maryland’s SmartBuy program, administrated by the MMP Mortgage Program, seeks to eliminate the burden of student loan debt. “The SmartBuy Program has an innovative answer to student loan debt in the state of Maryland,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “Basically, SmartBuy pays off your debt for you! When you qualify to buy a home through MMP, you can get up to 15% of the home’s purchase price as a lump sum contribution to pay off outstanding student loan debt.”

The initiative was launched in 2016.

Our real estate agents are patient first time home buyer specialists that are happy to help you purchase in Petworth or anywhere in DC!””Maryland is saying something here that we already subscribe to at UrbanLand Company. The first time home buyer plays a pivotal role in the health of the housing market, a critical part of Maryland’s overall economy.”

To get started with SmartBuy, visit our information & assistance portal.  Or, get a direct connection and appointments with our agents here.

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