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How do I get rid of student loan debt in Maryland?
How do I get rid of student loan debt in Maryland?
 
If you are a first time homebuyer and you have student loan debt, you might be in luck!
 
*You may even qualify if you are a veteran or are buying in a targeted area!)
 
As of 11/17/2016 The Maryland Mortgage Program just announced the opening of the SmartBuy program.  
 
Some of the highlights...Buyer MUST:
Qualify for a mortgage using the Maryland Mortgage Program Conventional 5% down program Purchase a home owned by the Department of Housing and Community Development (the Department) in the state of Maryland.  You can find the properties listed by Cummings and Co and listed by Long & Foster here.  Additional properties will be listed, check back often. Have a total amount of student loans that are no more than 15% of the purchase price (and at least $1000). (e.g.   With a 200K purchase, you may have up to a TOTAL of  $30,000 in student loan debt that can be paid using this program.   If you have more student loan debt than 15% of the purchase price, it would have to be paid off PRIOR to closing.)   NO additional student loan debt can remain after closing.  
At closing the student ... more

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