Exploring Maryland’s Homebuyer Grants and Fun Things to Do in the Old Line State

Maryland is not only a beautiful place to live with access to everything from historical landmarks to vibrant cities and coastal getaways, but it also offers great financial support for aspiring homeowners. For those looking to buy a home, Maryland has several grant programs to make homeownership more affordable. Here, we’ll look at some key homebuyer grants in Maryland and explore some exciting things you can do once you call this state home.

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Maryland Homebuyer Grant Programs

1. Maryland Mortgage Program (MMP) – Down Payment Assistance (DPA) The Maryland Mortgage Program is a state initiative that offers down payment and closing cost assistance for eligible first-time homebuyers and repeat buyers. With the program’s DPA Grant, buyers can receive up to 4% of the home’s purchase price as a grant to help with their down payment and closing costs, making homeownership more affordable right from the start. The MMP also offers low-interest mortgage loans that work in tandem with the DPA Grant to ensure affordable monthly payments.
2. House Keys 4 Employees Program Through a partnership between the state and local employers, the House Keys 4 Employees Program offers down payment assistance to Maryland residents working with participating employers. This program provides grants up to $2,500, and certain employers match this amount, doubling the assistance for eligible buyers. It’s a great option for buyers who work for specific organizations that are committed to helping employees achieve homeownership.
3. SmartBuy 3.0 Maryland’s SmartBuy program is designed for homebuyers with student debt, making it easier to purchase a home while paying off student loans. Through SmartBuy 3.0, homebuyers can receive up to 15% of their home’s purchase price (up to $30,000) to pay off outstanding student loans, effectively reducing both debt and making homeownership more achievable. The program combines this benefit with a low-interest mortgage, which allows buyers to manage both their home loan and student loans affordably.
4. Partner Match Program Maryland’s Partner Match Program (PMP) works with eligible community-based organizations to match funds that homebuyers receive for down payment and closing costs. The program will match up to $2,500, helping first-time buyers stretch their funds. This can be especially helpful for buyers who have already secured some funds but could use additional assistance to make a down payment more manageable.
5. Federal Home Loan Bank of Atlanta First-Time Homebuyer Grant Many Maryland lenders participate in this federal grant program, which offers eligible first-time homebuyers up to $7,500 for down payment and closing costs. The funds are limited each year, so working with a participating lender and acting early in the year can be a good way to secure this assistance.

Fun Things to Do in Maryland

With its blend of historic charm, outdoor beauty, and modern excitement, Maryland offers countless activities and experiences for every lifestyle. Here are just a few highlights you can enjoy:

1. Visit Baltimore’s Inner Harbor Baltimore’s Inner Harbor is a popular waterfront destination with attractions like the National Aquarium, where you can explore incredible marine life exhibits, and the Maryland Science Center. The harbor also has plenty of shops, restaurants, and scenic spots, making it a perfect day trip destination for new Maryland residents.
2. Explore Assateague Island Famous for its wild horses, Assateague Island offers unique outdoor adventures. The island stretches between Maryland and Virginia and provides beautiful beaches, scenic hiking trails, and camping spots. It’s an ideal location for a family beach day, a scenic bike ride, or a relaxed picnic near the Atlantic Ocean.
3. Tour Annapolis, Maryland’s Historic Capital The charming capital city of Annapolis offers a journey through American history with its well-preserved colonial buildings, the U.S. Naval Academy, and cobblestone streets. Visitors can take guided walking tours or explore on their own, soaking in the colonial architecture and enjoying waterfront dining on the Chesapeake Bay.
4. Hiking in the Appalachian Mountains Maryland is home to part of the Appalachian Trail, with scenic hiking opportunities that range from easy trails to challenging routes. The Catoctin Mountain Park near Thurmont offers stunning views, diverse wildlife, and family-friendly trails. For those who love the outdoors, this park is a must-visit.
5. Enjoy Fresh Seafood on the Eastern Shore Maryland is known for its delicious seafood, especially blue crabs. You can visit towns like Cambridge, St. Michaels, and Oxford on the Eastern Shore to experience seafood dining at its finest. Many coastal towns host crab feasts and seafood festivals, where you can enjoy local dishes and learn about Maryland’s maritime heritage.
6. Catch a Game at Camden Yards If you’re a sports fan, Oriole Park at Camden Yards in Baltimore is a fantastic spot to catch a baseball game and enjoy the city’s lively sports culture. Camden Yards is widely considered one of the best ballparks in the nation, and it’s conveniently located near the Inner Harbor, so you can make a full day out of your visit.
7. Discover the National Harbor Located just outside of Washington, D.C., the National Harbor offers entertainment, dining, and shopping along the Potomac River. You can take a ride on the Capital Wheel for amazing views of the D.C. skyline, enjoy live performances, and shop at the outlet stores and boutique shops. The National Harbor is an exciting place to spend the day, especially with its year-round events.

Why Consider Buying a Home in Maryland?

With grant programs that make buying a home more affordable and a range of attractions to explore, Maryland is a fantastic place to put down roots. The state combines urban excitement with scenic beauty, offering a little something for everyone. Whether you’re looking for financial assistance to buy your first home or just seeking a great place to live, Maryland has a lot to offer.

If you’re ready to explore homeownership opportunities, visit iloangrants.com for more information on grant programs and find the support you need to make Maryland your home!

Find out if you qualify for a Maryland Homebuyer Grant (888) 882-1058