Grant Options for Every Buyer

Looking to purchase a home but need a little help with your down payment or closing costs? Depending on your income, location, occupation or ownership status, you could qualify for grant money.

Maryland Mortgage Program (MMP)

The MMP makes homeownership more attainable for first-time buyers looking to purchase in the state of Maryland.

• 1^st Time Advantage: Eligible first-time buyers can receive up to 3%, 4% and 5% of the loan amount to be used towards closing costs and/or down payment assistance.
• 1^st Time Advantage 6000: Eligible first-time buyers can receive up to $6,000 in closing costs and/or down payment assistance.
• HomeStart 6% Down Payment Assistance Loan: Eligible first-time buyers can receive up to 6% of the loan amount to be used towards closing costs and/or down payment assistance.
• SmartBuy 3.0: Eligible first-time buyers with a minimum of $1,000 in student loan debt and up to 15% of the home purchase price (not higher than $50,000) will have their student loan debts paid off at closing. Requires 3% down from the borrower. Borrower can also apply for a CDA $6,000 loan, or down payment assistance equal to 4% of the first mortgage, up to 6% if income is under 50% area-median-income (AMI).

Actual loan verification is subject to verification and approval of income, credit, property, appraisal and other factors. Additional requirements apply. Visit www.mmp.maryland.gov for more information.

Pennsylvania Housing Finance Agency (PHFA)

The PHFA works to provide affordable homeownership options for elderly, low- and moderate-income families, and people with special housing needs in Pennsylvania.

• PHFA Grant: Eligible buyers can receive $500 in closing costs and/or down payment assistance.
• Keystone Home Loan Program: Provides eligible first-time home buyers with affordable first mortgage financing and competitive rates. Can be paired with K-FIT.
• Keystone Flex with K-FIT: Provides eligible home buyers with affordable first mortgage financing. Can be paired with K-FIT. No first-time home buyer requirement.
• Keystone Flex-Purchase & Improvement with K-FIT: Provides eligible buyers with funds up to $30,000 to make eligible repairs and home improvements. Can be paired with K-FIT.
• K-FIT: Provides eligible buyers with down payment & closing costs assistance as a forgivable second lien loan at 5% of the lesser of the purchase price or appraised value. No interest or payments for the time of the loan.
• Keystone Flex: Provides eligible borrowers with an affordable refinancing option.

Actual loan verification is subject to verification and approval of income, credit, property, appraisal and other factors. Additional requirements apply. Visit www.phfa.org for more information.