Participating Firms for Down Payment Assistance and Partner Match Programs in MD Have Increased!

Participating Firms for Down Payment Assistance and Partner Match Programs in MD Have Increased!

According to the Department of Housing and Community Development's (DHCD) blog post, three hundred local businesses and organizations have joined the Maryland Mortgage Program’s Partner Match program, the state’s fast-growing initiative to help Maryland families obtain the home of their dreams.

DHCD provides a dollar-for-dollar match of up to $2,500 to a participating partner’s financial contribution for down payment and closing cost assistance through programs such as House Keys 4 Employees, the Builder/Developer Incentive, and Community Partner Incentive. To learn how the programs can help you, click the link: http://mmp.maryland.gov/Pages/Downpayment.aspx

Recognizing that homeownership plays an integral role in the economic vitality of Maryland, DHCD has formed partnerships with participating employers, builders and community organizations throughout the state – as well as with local governments – to promote homeownership and Governor O’Malley’s Smart, Green & Growing initiatives.

Down payment assistance is one of the significant features of the Maryland Mortgage Program, the state’s flagship homeownership initiative. Maryland Mortgage Program borrowers can qualify for up to $5,000 toward their down payment and closing cost expenses at a zero percent interest rate, repayable upon sale or transfer of the home or when the loan is refinanced. Any Partner Match funds are in addition to the basic $5,000 down payment assistance.

DHCD ‘s Partner Match participants include 160 partners in the House Keys 4 Employees program, 125 in the Builder Developer Incentive Program and 15 in the Community Partner Incentive Program

If you are thinking of buying or selling a home, please call me today at 301-502-2669, email me at dwpettis@aol.com, or visit my website: www.diana4yourhomesdesire.com.  I am called to serve. So go ahead, contact me and see for yourself!

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