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Howard County Settlement Downpayment Loan Program (SDLP)

County financing for settlement and down-payment costs; assistance amount depends on the specific SDLP product and underwriting.

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What it can provide

County financing for settlement and down-payment costs; assistance amount depends on the specific SDLP product and underwriting.

Who it is for

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

Important terms

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 / underwriting

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.

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