Maryland Smart Buy Program | Certified |

The program is a unique initiative designed to help homebuyers eliminate student debt while purchasing a home. Unlike typical assistance programs that only focus on down payments, SmartBuy directly pays off your outstanding student loans as part of the home-buying process. How the Program Works

You must have at least $1,000 in student loan debt.

Typically requires a minimum credit score of 640 to 720 , depending on the specific loan product. maryland smart buy program

Household income must fall within specified limits, which vary by county and household size.

This latest version allows you to purchase any home in Maryland that meets MMP guidelines. The program is a unique initiative designed to

It can provide up to 15% of the home purchase price (capped at $30,000 ) toward student debt relief. Example of Stacking Benefits Maryland Smartbuy Loan

If you live in the home as your primary residence for five years , the student debt is completely wiped out at no cost to you. Typically requires a minimum credit score of 640

Most participants must be first-time homebuyers, though exceptions exist for certain "Targeted Areas".