"You've Earned It" New Maryland mortgage program for college students

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Real Estate Broker/Owner with Mackintosh REALTORS 82894
https://activerain.com/droplet/4DhS

Maryland Governor  Larry Hogan and Secretary Kenneth Holt announced the "You've Earned It!" Initiative through the Maryland Mortgage Program.  The initiative is offering a 2.75 percent fixed rate, 30-year mortgage and $10,000 down payment assistance to qualified home buyers with more than $25,000 in student debt.

The MMP “You've Earned It!” program is open to potential homebuyers who are buying a home through the Maryland Mortgage Program in one of Maryland’s “Sustainable Communities”.
Maryland's Sustainable Communities are regions across the state where governments, business and communities coordinate investments to achieve sustainable growth,good jobs and thriving neighborhoods.

The Department of Housing and Community Development (DHCD) has created an interactive online mapping tool to help you identify whether a property is in a Sustainable Community simply by typing in a street address, and printable maps of Sustainable Communities by County are available here.

WHAG channel 25 recently did a news story on the new loan program that will help many recent college graduates get into their first home. The program will only be available for a limmited time or until the funding runs out.

 

 

In order to go through the program, you must complete a first home buyers course and go through an approved lender.

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Topic:
Home Buying
Location:
Maryland
Tags:
down payment assistance
first time home buyer
college graduate
low interest loan
maryland mortgage program
youve earned it

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Rainmaker
980,854
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Great tool!  A separate window would help your searches so they don't lose your site.  What makes the areas sustainable?  

May 19, 2015 08:14 AM #1
Rainer
159,631
Michelle Grunberg
eXp Realty - Ijamsville, MD
When Honesty, Integrity and Loyalty Matters!

Heard about this today in our team meeting. I love our new governor Larry Hogan he is definitely pro business. Thanks for the post 

May 19, 2015 11:06 AM #2
Rainmaker
295,152
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

It is great having a REALTOR as Governor in the State house! He is definitely turning things around in Md!

May 19, 2015 01:02 PM #3
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Buzz Mackintosh - just commented on a post where the major concern for younger buyers is - Student Loans! Now if this program is there, they can have a place to call home - soon!

May 19, 2015 01:47 PM #4
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Sounds like a great program Buzz, I wish we had something like that here in Wisconsin.

Aug 30, 2015 09:34 AM #5
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Rainmaker
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Buzz Mackintosh

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