Governor Larry Hogan announced a new home buying initiative on Memorial Day that will help veterans and members of the military buy a home in select communities across the state. As reported in The Washington Post:

Under “You’ve Earned It!”, active-duty military, including Reserves and National Guard, as well as honorably discharged and disabled veterans could qualify for a 2.75 percent fixed-rate 30-year mortgage and up to $10,000 in down-payment assistance.

The program will be available until the $20 million is exhausted, state officials said.

“I am very proud of this new initiative, which helps our brave men and women in uniform and their families to achieve the American dream of homeownership and establish roots here in Maryland,” Hogan said in a statement. “The program is not only good for our economy, but good for our communities.”

For more information read the full article in The Washington Post.