New $50M Homebuyer Program Supports First Responders and Teachers
Maryland has launched a new mortgage program offering lower interest rates and down payment assistance to first-time homebuyers who work as first responders or teachers. Applications for the new program are now open. The First Homes for First Responders and Teachers program offers eligible buyers a 30-year fixed-rate mortgage with an interest rate 0.5 percentage points below the standard Maryland Mortgage Program First Time Advantage 5% loan. Buyers can also receive assistance equal to 5%…