FOR MARYLAND BUYERS. ALL LENDERS DONT PARTICIPATE SO IF YOU ARE - TopicsExpress

FOR MARYLAND BUYERS. ALL LENDERS DONT PARTICIPATE SO IF YOU ARE INTERESTED IN PURCHASING IN MD AND ARE INTERESTED IN THIS PROGRAM, PLEASE LET ME KNOW. The State of MD Mortgage Program (CDA) announced today that Prince Georges County homebuyers that qualify for the MMP (CDA) loan, will now get up to $20,000 in assistance and a reduced interest rate by .25% The Triple Play consists of: 1. The Entire County is eligible for the $10,000 DSELP (Down Payment Settlement Expense Loan Program). This is a 0% loan for the life of the loan. 2. The attachment shows the 14 zip codes that are eligible for the additional $10,000 Grant (forgiven immediately upon purchase) and the .25% reduction in payment. 3. The MCC (Maryland Credit Certificate) is a tax refund program. Borrowers will receive a dollar for dollar refund (no deduction) up to 25% of their mortgage interest, maximum $2000 per year, for the life of their loan. The $450 processing fee is waived by DHCD in PG County. Don’t forget that eligible VA homebuyers don’t have to be a first time homebuyer and the MCC fee is waived for them and they get the .25% discount in the entire state. This program is called the Maryland Homefront program.

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