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Office of Homeownership
State Mortgage Programs
and Homeownership Assistance
Contact: 1-800-638-7781 or visit www.dhcd.state.md.us
State Programs
Down Payment Settlement Expense Loan Program (DSELP)
DSELP provides 0 percent deferred second mortgage loans to eligible homebuyers
to cover settlement expenses when applicants use a CDA Maryland Mortgage
Program. Please see the State's Web site at www.dhcd.state.md.us for more
program details.
Homeownership for Individuals with Disabilities Program
Eligible participants are those where at least one borrower has a disability, the family
income is not more than $41,745, the loan amount is not more than $100,000,
although the sale price limit is $155,000. The mortgage program offers a 3 percent
interest rate loan for income eligible buyers. City settlement funds are part of the
program. The minimum cash requirement is approximately $700. Please see the
State's Web site at www.dhcd.state.md.us for more program details.
Tenant Conversion Mortgage Program
Tenants buying the home where they are currently renting may be eligible for
the Tenant Conversion Mortgage Program, which provides 5 percent interest,
mortgage loans. Family incomes cannot exceed $41,750 and the price of the
house cannot exceed $77,000 at current levels. Some additional City funds may
be available for required repairs to the property. The minimum cash requirements
is approximately $850. Please see the State's Web site at www.dhcd.state.md.us
for more program details.
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