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Find Homeownership Incentives

Maryland Mortgage Program Flex 5000

First Time Homebuyers

Type Of Program

Deferred Second Mortgage

Program distribution

Deferred Second Mortgage

Program Originator

Maryland Department of Housing and Community Development, Maryland Mortgage Program

Amount

$5,000.00

Contact

Blocks

Location
Description
Comes with a $5,000 loan for down payment and closing costs. This second lien has a zero percent interest rate, and no payments are due for the life of the first mortgage. As soon as the first mortgage ends (repayment, refinance, transfer, sale, etc.), the second lien is due and payable. The 5000 line is eligible for Partner Match funds, if applicable.
AMI Limit

AMI

Employer Participation Required

Must Earn Counseling Certificate

Eligibility Limitations

Cash Sale Permitted

Cosigner Permitted

Owner Financing Permitted

Must be Primary Residence

Program Provider's Contact Name

Program Provider's Address

Program Provider's Phone

Program Provider's Email