close
Free Buyer Workshops
Free Home Buyer Workshops are held Tuesdays at 5:30pm & Saturdays at 10am.
close
Search PropertiesAffordability CalculatorMortgage CalculatorFree Buyer Workshops
Free Home Buyer Workshops are held Tuesdays at 5:30pm & Saturdays at 10am.
close
Free Buyer Workshops
Free Home Buyer Workshops are held Tuesdays at 5:30pm & Saturdays at 10am.
Homebuyer AssistanceFinancing Programs

Maryland SmartBuy Program

The new Maryland SmartBuy program is available now and eliminates existing student loan debts for home purchasers while they buy their first home. If you're eligible for SmartBuy through the Maryland Mortgage Program (MMP), you can receive up to 15% of the purchased home's price to use to pay down existing student loan debt. If you buy a $200,000 home, you can receive up to $30,000 to pay down your debt. 

This is a landmark new program and Maryland is one of the first states in the country to offer a student loan mortgage incentive such as SmartBuy. Eligible home buyers get one easy payment per month, access to attractive financing and closing costs assistance, and a safe and streamlined homebuying experience.

How To Use It

You must be eligible to purchase through the Maryland Mortgage Program (MMP), a financing program that has been running for over 30 years. MMP is somewhat complicated, as the rules and eligibility can vary by County and even within each County’s Census Districts.  You can apply for an MMP loan if you are buying a home or condominium in Maryland that you will live in as your primary home, and if your household income is below a maximum limit dependent upon your County and household size. 


The program is primarily based on household income and then geographic factors. In terms of income, you’re immediately eligible to apply for funding if your Household Income (1-2 people) is under $88,400. For 3+ person households, the limit is under $101,300.


You may be eligible if your Household Income is between $88,400 to $128,760 (1-2 people) or $101,300 to $150,220 (3+ people) depending on County and location in the County.


You also will need to complete a Homebuyer Education Course through a local organization as part of the financing process.

 

SmartBuy Eliminates Student Loan Debt Obstacles

UrbanLand Company agents have been helping home buyers successfully navigate the Maryland MMP Program and its spinoff loan programs such as SmartBuy for years. We've represented over $49 million with successful down payment assistance loans and zero down home purchases using local area programs. Get help now!

Just getting started and want to learn more quickly and easily? Attend one of our Free Workshops (Tuesday nights and Saturday mornings) and ask about the Maryland SmartBuy Program!

Our Home Buyer Workshops have produced over $49 million in successful home sales since just 2013 for area home buyers using our guidance & representation. We can help you, too!

CHECK OUT MORE WORKSHOP BUYS >

SmartBuy Qualifying Homes

This is a list of some of the homes available through the SmartBuy program. Other qualifying properties may be available!

Sort by:
$212,900 - 3Br/3Ba -  for Sale in Maiden Choice Village, Halethorpe

969 Regina Drive Halethorpe, MD 21227

Price $212,900
Beds 3
Baths 3
Living Area SqFt 1,152
Status Active
MLS # 1001980826
Property Type Row/townhouse
 
$242,000 - 3Br/2Ba -  for Sale in Glen Burnie Heights, Glen Burnie

306 Pershing Avenue Glen Burnie, MD 21061

Price $242,000
Beds 3
Baths 2
Living Area SqFt 1,732
Status Pending
MLS # 1001586064
Property Type Detached
 
$259,000 - 3Br/4Ba -  for Sale in Temple Plaza-plat 1>, Clinton

5520 Fishermens Court Clinton, MD 20735

Price $259,000
Beds 3
Baths 4
Living Area SqFt 1,332
Status Active
MLS # 1002074532
Property Type End Of Row/townhouse
 
$271,000 - 3Br/3Ba -  for Sale in Villages Of Marlborough, Upper Marlboro

4625 Captain Covington Place Upper Marlboro, MD 20772

Price $271,000
Beds 3
Baths 3
Living Area SqFt 1,344
Status Active
MLS # 1003882954
Property Type End Of Row/townhouse
 

Maryland First Time Buyer Blog

Skip to toolbar
Tools Fast Help