Maryland: BRAC Closing Help: $7,500
In an effort to ease the transition for families relocating to Maryland because of the military's base relocation and closure initiative (BRAC), the state has created a program which provides closing help assistance.
The Maryland BRAC Mortgage Program enables eligible BRAC homebuyers to receive $2,500in downpayment and/or closing cost assistance.
This can be used in conjunction with other programs such as the Downpayment and Settlement Expense Loan Program (DSELP), whereby the homebuyer may be eligible for an additional $5,000.
There is no need to feel down if you missed the tax credit of about $8,000, as these programs are available now, to provide you with $7,500 in assistance for your home purchase.