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First Homes for First Responders and Teachers – Maryland

Maryland Mortgage Program has improved its 1st Time Advantage program for eligible teachers and first responders…by lowering the mortgage rate for them by .5%!  The program offers a down payment assistance loan of 5% of the loan amount, paired with a mortgage.

First responders or teachers will need to work full time in Maryland, and be buying their first home in Maryland.  First time buyers are households that haven’t owned real estate within the past three years.

The program “First Homes for First Responders and Teachers” is available for properties throughout the state of Maryland.  The program is available as a conventional, FHA, VA, or USDA loan.

The assistance is 5% of the loan amount and is repaid without interest to the state when you move out, sell, or refinance your home. Because the assistance loan of 5% is greater than the required down payment of 0%, 3%, or 3.5% of the purchase price, the funds go towards both down payment and closing costs.

 

You can check interest rates for MMP here.  It’s only possible for us to reserve a loan for you with MMP on business days 11-5 after you have a signed purchase contract.

You can check the fine print on who is eligible as a first responder or teacher here.

There are household income caps for the program and you may view the 2026 limits here.

 

Are you ready to get started?  You can block time for us to consult to help you see if this is the right program for you, via this link https://calendly.com/alexjaffe/30min

You can get started with pre-qualifying here:  https://ajaffe.firsthome.com/startapp

ajaffe@firsthome.com 240 – 479 – 7658