County financing for settlement and down-payment costs; assistance amount depends on the specific SDLP product and underwriting.
See If This May Fit MeCounty financing for settlement and down-payment costs; assistance amount depends on the specific SDLP product and underwriting.
Qualified Howard County buyers who meet income and price limits and lack sufficient funds for total settlement/down-payment costs. Some SDLP products require first-time buyer status.
Geography: Howard
Deferred loan, due on sale, refinance or default; interest is generally two percentage points below the primary mortgage rate. Minimum $1,000 buyer contribution plus one month of PITI in savings.
Credit, income, property and underwriting requirements apply.
Program availability and rules can change. A match from Homebuyers Hub is an educational screening result, not an approval.
Use the program summary below as a screening guide, then verify the current program rules for your household, property and mortgage before relying on the assistance.
Assistance: County financing for settlement and down-payment costs; assistance amount depends on the specific SDLP product and underwriting.
Buyer profile: Qualified Howard County buyers who meet income and price limits and lack sufficient funds for total settlement/down-payment costs. Some SDLP products require first-time buyer status.
Location: Howard.
Repayment or structure: Deferred loan, due on sale, refinance or default; interest is generally two percentage points below the primary mortgage rate. Minimum $1,000 buyer contribution plus one month of PITI in savings.
Credit and underwriting: Credit, income, property and underwriting requirements apply.
Before choosing a program, confirm current funding or reservation availability, household-income rules, purchase-price limits, occupancy requirements, property eligibility and the mortgage products that can be paired with the assistance.
Also verify whether first-time homebuyer status is required, what borrower funds must come from you, whether homebuyer education is required and when any second loan or grant would become repayable.
Those details can change by program and can affect which option provides the best fit for a specific transaction.
Compare Maryland homebuyer programs or use the program finder for a personalized shortlist.
Because this program is location-specific, also review Howard County homebuyer programs for local limits, other assistance and statewide options that may apply in the same area.
Answer the finder questions and compare the programs that may fit your location and buyer profile.
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