Homebuyer Pre-Purchase Education Taught In Howard County

Homebuyer Education


Howard County Housing, in partnership with Guidewell Financial Solutions, has designed an initiative to promote successful homeownership in Howard County, Maryland. Educational workshops and one-on-one counseling will be offered on a monthly basis to households purchasing a home in Howard County, and/or participating in Howard County Housing’s (HCH) homeownership and rental programs, including, but not limited to, the Settlement Downpayment Loan Program (SDLP) and Moderate Income Housing Unit (MIHU) program. Guidewell Financial Solutions is a HUD-approved housing counseling agency and the workshop curriculum is derived from guidelines established by the National Industry Standards for Homeownership and Counseling. Individuals and families interested in purchasing a home in Howard County are invited to attend.

Interested participants can register by emailing homebuyerclass@howardcountymd.gov or calling 410-313-6328.

Please note that Howard County’s certificate for completing the counseling is not valid in Anne Arundel County, Baltimore County, Harford County or Baltimore City. If you are planning on purchasing in one of those counties, please access the Maryland Mortgage Program website at www.mmp.maryland.gov to locate the appropriate counseling agency.

More information available on the Howard County Website.

Purchase-Repair Homeownership in Carroll, Frederick, and Washington Counties

IHA’s Purchase-Repair Homeownership program participants are paying less for homeownership than they were for rent, and they are building equity immediately!

IHA’s Purchase-Repair Homeownership Program provides affordable homeownership opportunities to families and individuals that wouldn’t otherwise qualify for a traditional mortgage. Program participants receive free technical assistance from IHA through the entire homeownership process, from credit repair and budget counseling, preparation of the loan application, locating and placing an appropriate home under contract, how to repair and maintain their home, as well as on-going post-purchase counseling to eliminate any chance of foreclosure in the future. The entire community benefits by revitalizing neglected communities, reusing infrastructure and preserving existing housing. This program is currently available in Carroll, Frederick, and Washington counties in Maryland.

Features of the program include:

  • No down payment!
  • Fixed rate below market interest rate
  • Monthly payment is based on income
  • Necessary repairs are financed as part of the mortgage loan through USDA
  • USDA
Maximum Income Eligibility Guidelines
Family Size Carroll Frederick Washington
1 $46,050 $49,200 $42,650
2 $52,650 $56,200 $48,750
3 $59,200 $63,250 $54,850
4 $65,800 $70,250 $60,950
5 $71,050 $75,850 $65,850
6 $76,350 $81,500 $70,700
7 $81,600 $87,100 $75,600
8 $86,850 $92,750 $80,450

Click here to download a pre-qualification worksheet.

Please return your completed worksheet and the signed authorization forms to:

Carol Riggles, Homeownership Coordinator
Interfaith Housing Alliance
5301 Buckeystown Pike, Suite 320
Frederick, MD 21704

FAX – (301) 662-6477

Call or email Carol if you need more information about this program. Her phone number is (301) 662-4225 ext. 1209 or visit their website.

HUD Good Neighbor Next Door Program

About Good Neighbor Next Door

Law enforcement officers, pre-Kindergarten through 12th grade teachers, firefighters and emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.

How the Program Works

Eligible Single Family homes located in revitalization areas are listed exclusively for sale through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for seven days.

How to Participate in Good Neighbor Next Door

Check the  listings for your state. Follow the instructions to submit your interest in purchasing a specific home. If more than one person submits an offer on a single home a selection will be made by random lottery. You must meet the requirements for a law enforcement officer, teacher, firefighter or emergency medical technician and comply with HUD’s regulations for the program.

HUD requires that you sign a second mortgage and note for the discount amount. No interest or payments are required on this “silent second” provided that you fulfill the three-year occupancy requirement.The number of properties available is limited and the list of available properties changes weekly.

To learn more, please see our Good Neighbor Sales Frequently Asked Questions!

Comments and Questions

To learn more, please visit the HUD website.

Maryland Mortgage Program – You’ve Earned It Initiative

Maryland Mortgage Program – You’ve Earned It Initiative

The Maryland Mortgage Program (MMP) is offered through the Maryland Department of Housing and Community Development (DHCD). For a limited time, eligible homebuyers that that purchase a home in one of Maryland’s Sustainable Communities, and who have at least $25,000 in student debt may qualify for a 0.25% discount on the standard MMP mortgage rate. This program is primarily for first time homebuyers, but exemptions apply.

For more information visit the Department of Housing and Community Development Maryland Mortgage Program.

Maryland Mortgage Program – Maryland Homefront

Maryland Homefront – The Veterans and Military Family Mortgage Program

The Department of Housing and Community Development is proud to launch our newest version of Maryland Homefront: The Veterans and Military Family Mortgage Program (Maryland Homefront).  Homefront provides military veterans and active duty military with a special interest rate discount of 0.25% for a 30-year and a fixed rate mortgage, This initiative is in appreciation of the contributions made by members of the United States armed services and their families.

Check today’s interest rates

All qualified borrowers under this initiative are also eligible to receive $5,000 for down payment and closing cost assistance through the Maryland Mortgage Program’s Down Payment Assistance Program plus any applicable Partner Match funds. Note that this program is not applicable to refinances.

Talk to an approved Maryland Mortgage Program Lender about possible Down Payment Assistance options available to you.

Download the Homefront Flyer and Fact Sheets

Getting Started

If you’re ready to take advantage of this special program:

  1. Talk to a Lender – Your lender can help you confirm your eligibility for the Homefront Program and will make sure you meet all the requirements, such as attending the right Homebuyer Education Class.
  2. Check Your Eligibility to see whether you can apply for a Maryland Mortgage Program loan. Note that being eligible to apply does not guarantee approval, and lenders will take into account things like your income, credit history and employment situation when considering your application.
  3. Complete a Homebuyer Education Class – Completing a Homebuyer Education prepares you to make the right decisions when purchasing your home.  Homebuyer Education classes are available throughout Maryland, and are provided by a range of Community and Non-Profit organizations as well as local government housing agencies.
  4. Learn about Down Payment Assistance – The Maryland Mortgage Program provides help in the form of Down Payment Assistance alongside a range of Partner Match programs from employers, developers and community organizations that can cover down payment and closing costs.
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For more information visit the Department of Housing and Community Development Maryland Mortgage Program.

Maryland HomeCredit

Maryland HomeCredit Program

Lower Your Federal Taxes, Every Year, For the Life of Your Loan

A Maryland HomeCredit can save a homebuyer tens of thousands of dollars over the life of a home loan, and makes owning a home more affordable. Together with a home loan through the Maryland Department of Housing and Community Development’s Maryland Mortgage Program, which offers Down Payment Assistance and the certainty of a 30-year fixed interest rate, the State of Maryland is making the dream of sustainable homeownership a reality for more Marylanders than ever.

You may already know about the mortgage interest deduction that most homeowners already claim each year on their federal taxes. The Maryland HomeCredit Program is different, and provides a federal tax credit to eligible homebuyers. A tax deduction reduces the homeowner’s “taxable income”. In contrast, a tax credit, such as the Maryland HomeCredit, provides the homeowner with a reduction in their actual federal tax liability.

The Department’s Maryland HomeCredit Program provides eligible homebuyers with a federal tax credit that may be claimed annually, the value of which is equal to 25% of the value of mortgage interest payments (up to $2,000) paid each year, for the life of the loan (i.e. until payoff, sale, refinance or transfer).

How to Get a Maryland HomeCredit

Homebuyers apply for a Maryland HomeCredit through an approved mortgage lender.  The Lender will confirm the borrowers’ eligibility for this program, and submit an application to the Maryland Department of Housing and Community Development.

Who Can Get a Maryland HomeCredit?

To get a HomeCredit, you must be purchasing a home in Maryland and meet borrowing criteria that include:

  • You must meet the same income limits and home purchase price limits as the Maryland Mortgage Program;
  • You cannot have owned a home during the past three (3) years, UNLESS you are purchasing in a Targeted Area;
  • The home  you purchase must be your primary residence.

NOTE – the Maryland HomeCredit Program is not available for refinances or existing homeowners

For More information: http://mmp.maryland.gov/Pages/MDHomeCredit.aspx

Also visit the Department of Housing and Community Development Maryland Mortgage Program.

Maryland Mortgage Program

Is the Maryland Mortgage Program Right for Me?

Buying a home is a big deal. For Marylanders just like you, it may be the single largest purchase you make, and will impact your family’s life for years to come.

For many people, becoming a homeowner can mean stability, greater control over how you live, and the potential for building wealth and equity for your family’s future.

Read more about the benefits of Homeownership.

You may have heard about the Maryland Mortgage Program (MMP) from a friend or a neighbor, from an ad you saw on a fast-moving bus or from a flyer you picked up at an event, and now you’re wondering if this program can help you move into a home of your own.

The Maryland Mortgage Program is a home loan program that’s right for many Marylanders, is a safe and secure loan from Maryland’s Housing Finance Agency, and has several important features:


Many people across Maryland are eligible to apply for a home loan through the Maryland Mortgage.  Read more: Click Here


For more information visit the Department of Housing and Community Development Maryland Mortgage Program.

USDA Home Repair Program

Single Family Housing Repair Loans & Grants

Fact Sheet

Program Status: Open

What does this program do? 
Also known as the Section 504 Home Repair program, this provides loans to very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.

Who may apply for this program?
To qualify, you must:

  • Be the homeowner and occupy the house
  • Be unable to obtain affordable credit elsewhere
  • Have a family income below 50 percent of the area median income 
  • For grants, be age 62 or older and not be able to repay a repair loan

What is an eligible area?
Applicants may check the address of their home to determine eligibility.

How may funds be used?

  • Loans may be used to repair, improve or modernize homes or remove health and safety hazards
  • Grants must be used to remove health and safety hazards

How much money can I get?

  • Maximum loan is $20,000
  • Maximum grant is $7,500
  • Loans and grants can be combined for up to $27,500 in assistance

What are the terms of the loan or grant?

  • Loans can be repaid over 20 years
  • Loan interest rate is fixed at 1%
  • Full title service is required for loans of $7,500 or more
  • Grants have a lifetime limit of $7,500
  • Grants must be repaid if the property is sold in less than 3 years
  • If applicants can repay part, but not all of the costs, applicants may be offered a loan and grant combination

Is there a deadline to apply? 

  • Home loans are available year round as long as funding is available
  • Home loan applications are processed in the order they are received

How long does an application take? 
Approval times depend on funding availability in your area. Talk to a USDA home loan specialist in your area for help with the application

Who can answer questions and how do I get started?
Contact a USDA home loan specialist in your area

What governs this program?

  • The Housing Act of 1949 as amended, 7 CFR Part 3550
  • HB-1-3550 – Direct Single Family Housing Loans and Grants Field Office Handbook

Why does USDA Rural Development do this?
Helping people stay in their own home and keep it in good repair helps families and their communities. Homeownership helps families and individuals build savings over time. It strengthens communities and helps many kinds of businesses that support the local economy.

NOTE: Because citations and other information may be subject to change, please always consult the program instructions listed in the section above titled “What Governs this Program?” Applicants may also contact your local office for assistance.

ited State Department of Agriculture offers housing repair loans, also known as the Section 504 Home Repair program, to provide loans to very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards in certain areas of Maryland.

To Qualify You Must

  • Be the homeowner and occupy the house.
  • Be unable to obtain affordable credit elsewhere.
  • Have a family income below 50 percent of the area median income.
  • For grants, be age 62 or older and not be able to repay a repair loan.
  • Live in an eligible area.

For more information visit United States Department of Agriculture Rural Development.

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