Explore Maryland's Exciting Down Payment Assistance Programs
- Paul Pedrigal
- Jul 16, 2024
- 2 min read
Maryland offers a range of Down Payment Assistance (DPA) programs designed to help first-time homebuyers achieve their dreams of homeownership. Here, we highlight three remarkable programs: the Homesteader Program in Howard County, the DreamMaker Loan Program in Howard County, and the Pathway to Purchase Program in Prince George's County. Each program offers unique benefits, making it easier for you to secure your dream home.
Howard County Homesteader Program
The Homesteader Program in Howard County provides significant financial support to first-time homebuyers. With up to $25,000 available, this program covers both down payment and settlement costs. The Homesteader Loan is designed to assist low- to moderate-income families, helping them achieve homeownership in one of Maryland's most sought-after counties
Key Features:
Assistance Amount: Up to $25,000
Eligibility: First-time homebuyers with low to moderate incomes
Usage: Can be applied towards down payment and closing costs
For more details, visit the Howard County Housing and Community Development website.
Howard County DreamMaker Loan Program
The DreamMaker Loan Program offers another excellent opportunity for homebuyers in Howard County. This program provides up to $15,000 in financial assistance for down payment and closing costs. It's tailored to help those who might need a little extra support to bridge the gap between renting and owning.
Key Features:
Assistance Amount: Up to $15,000
Eligibility: Available to a wide range of homebuyers, including those looking for additional financial aid
Usage: Can be used for down payment and closing costs
For more information, visit the Howard County Housing and Community Development website
.
Prince George's County Pathway to Purchase Program
Prince George's County offers the Pathway to Purchase Program, which provides substantial financial support for first-time homebuyers. With up to $25,000 available, this program is designed to cover down payment and closing costs, making homeownership more accessible.
Key Features:
Assistance Amount: Up to $25,000
Eligibility: First-time homebuyers
Usage: Funds can be used for down payment and closing costs
Learn more about this program on the Prince George's County Redevelopment Authority website.
Take the Next Step
Maryland's DPA programs are designed to make homeownership achievable and affordable. Whether you're considering the Homesteader Program, the DreamMaker Loan Program, or the Pathway to Purchase Program, these resources can help turn your homeownership dreams into reality. For personalized assistance and to learn more about these opportunities, contact us at:
Phone: 602-628-1231Email: info@allapprovedhere.com
Our team is here to guide you through the process and help you take advantage of these fantastic programs. Don’t miss out on the chance to secure your future in a home of your own.
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