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 $41 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 $41 million in successful home sales since just 2013 for area home buyers using our guidance & representation. We can help you, too!


SmartBuy Qualifying Homes

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

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$168,400 - 2Br/3Ba -  for Sale in Washington Village, Baltimore

1237 Cleveland St Baltimore, MD 21230

Price $168,400
Beds 2
Baths 3
Living Area SqFt 1,232
Status Active
MLS # BA10267907
Property Type Attach/row Hse
$169,000 - 2Br/2Ba -  for Sale in Patterson Park, Baltimore

224 Port St Baltimore, MD 21224

Price $169,000
Beds 2
Baths 2
Living Area SqFt 624
Status Active
MLS # BA10155229
Property Type Attach/row Hse
$218,000 - 2Br/1Ba -  for Sale in Town View, Mount Airy

208 Hoff Ct Mount Airy, MD 21771

Price $218,000
Beds 2
Baths 1
Living Area SqFt 1,080
Status Active
MLS # CR10263698
Property Type Townhouse
$236,000 - 2Br/2Ba -  for Sale in Summerfield In Covington, Bowie

3822 Eaves Ln #134 Bowie, MD 20716

Price $236,000
Beds 2
Baths 2
Living Area SqFt 1,640
Status Active
MLS # PG10274204
Property Type Townhouse
$250,000 - 3Br/2Ba -  for Sale in Glen Burnie Heights, Glen Burnie

306 Pershing Ave Glen Burnie, MD 21061

Price $250,000
Beds 3
Baths 2
Living Area SqFt 1,732
Status Active
MLS # AA10251036
Property Type Detached
$275,000 - 3Br/4Ba -  for Sale in Temple Plaza-plat 1>, Clinton

5520 Fishermens Ct Clinton, MD 20735

Price $275,000
Beds 3
Baths 4
Living Area SqFt 1,332
Status Active
MLS # PG10269514
Property Type Townhouse

Maryland First Time Buyer Blog

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