$10,000 Available for Down Payment & Closing Costs
The "You've Earned" It program is offered through the Maryland Mortgage Program (MMP) and is available to buyers who have at least $25,000 in student loan debt and are purchasing a home in one of Maryland's Sustainable Communities. Most of Baltimore City is a Sustainable Community as well as sections of Baltimore, Howard, Montgomery, Prince George's and Anne Arundel counties. You may check to see if a property is in a Sustainable Community by using the mapper.
Buyers that are eligible for the "You've Earned It" program will receive an interest rate that is .25% lower than the standard Maryland Mortgage Program's rate. They can also receive an additional $5,000 in down payment/closing cost assistance for a total of up to $10,000 in down payment/closing cost assistance.
Buyer's must meet the same eligibility requirements as the Maryland Mortgage Program which requires them to be under the income limits, and to complete homebuyer education.
Here is an information flyer for you to distribute.
If you have questions or would like more information please call or email me today.
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