The costs of downpayment and settlement can overwhelm first-time homebuyers and is listed as the number one barrier to homeownership. Our standard downpayment and closing cost assistance product is DSELP. You may also be eligible for additional assistance through one of our Partner Match Program.
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Additional Assistance through our Partner Match Programs
In addition to the standard downpayment and closing cost assistance programs listed above, you may be able to get more assistance through our creative Partner Match initiatives. These initiatives involve partnerships with participating employers, builders and developers, and community partners. CDA will provide a dollar-for-dollar match (up to $5,000) to a participating partner’s financial contribution for downpayment and closing cost assistance. DHCD will double the amount (up to $10,000) of the normal HK4E match for borrowers that meet the criteria for Smart Keys 4 Employees.
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Please note: If a borrower is requesting a Downpayment and Settlement Expense Loan Program (DSELP) and/or assistance through a Partner Match Program loan on a property located in the City of Baltimore or in Anne Arundel, Baltimore, or Harford County, the borrower must meet the applicable requirements (see information found at the end of the “Counseling” page).
Maryland Mortgage Program A CDA mortgage program
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CDA/MARYLAND DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT