Maryland SmartBuy - a New Homeownership Initiative

Real Estate Agent with Bennett Realty Solutions MD#634275

                              Maryland SmartBuy - a New Homeownership Initiative


Student loan debt is a barrier for many first time homebuyers. If you are looking to move out from under student debt and into homeownership, there is a new homeownership initiative designed with you in mind!

HomeownershipMaryland SmartBuy, within the Department of Housing and Community Development, is the first program of its kind in the nation and will make move-in-ready homes available to qualified buyers while eliminating student loan debt burden, which is often a significant barrier to homeownership for younger homebuyers. 

This law, which was introduced by the Hogan Administration in the 2016 Legislative Session, authorizes the department to make direct payments on student loans in conjunction with other financial assistance or residential mortgage loans offered under the Maryland Mortgage Program (MMP), beginning with the Maryland SmartBuy initiative.

Under the initiative, move-in-ready properties are made available through the department. The typical buyer can realize substantial savings on quality homes throughout Maryland.

Specifically, Maryland SmartBuy will:  

  • Eliminate the buyer's student loan debt

  • Provide the buyer with one convenient payment per month

  • Enable the buyer to access attractive financing and closing cost assistance

  • Ensure a safe, streamlined, and straightforward home buying and financing experience.

Mortgage loans will be provided through the department's Maryland Mortgage Program, which has been the state's flagship homeownership assistance program for over 30 years. Traditionally, the program provides fixed-rate mortgages, primarily to first-time homebuyers, along with other down payment and closing cost incentives.

For more information about the Maryland SmartBuy initiative, visit

If you need an experienced Realtor to help you through the home buying process, call me today at 301-502-2669 (cell), 240-386-1309 (direct line) or email me at



Posted by

Diana White-Pettis, Associate Broker

Exit Bennett Realty

7701 Greenbelt Rd. #100

Greenbelt, MD  20770

Office: 301-459-5040

Cell: 301-502-2669

Direct line: 240-386-1309




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Diana White-Pettis

GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale
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